CHICAGO, July 30, 2012 /PRNewswire/ -- BMO Harris Bank N.A. ("BHB"), the successor to Excel Bank Minnesota, today announced its intention to redeem all $5,000,000 aggregate principal amount of its Fixed/Floating Rate Junior Subordinated Debentures (the "Notes") on September 17, 2012 (the "Redemption Date").
The Notes are redeemable at BHB's option after giving notice of such redemption to the holders of Notes at least 30 and not more than 60 days prior to the Redemption Date. The Notes are redeemable at par together with unpaid accrued interest to but excluding the date fixed for redemption. Interest on the Notes will cease to accrue from and after the Redemption Date.
Notice will be delivered to holders of the Notes in accordance with the terms contained in the indenture governing the Notes.
About BMO Harris Bank N.A.
Based in Chicago, BMO Harris Bank N.A. provides a broad range of personal banking products and solutions through over 650 branches and approximately 1,350 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank is a trade name used by BMO Harris Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with 1,600 branches, and a retail deposit base of approximately $180 billion.
SOURCE BMO Harris Bank