Bank of Montreal will drop the Marshall & Ilsley Corp. name when it combines the troubled Wisconsin lender with its existing U.S. retail unit this summer.

The Toronto-based bank will rename the combined U.S. retail bank BMO Harris Bank, a name that it said tested well in several markets, including Milwaukee and Chicago. BMO’s U.S. consumer bank was previously known as Harris Bank. The bank’s acquisition of Marshall & Ilsley, announced in December, is expected to be completed before July. Get the full story »