Marshall & Ilsley Cutting Positions in Wisconsin

Marshall & Ilsley is combining its offices in Appleton and Brookfield, laying off 170 at the former but adding 135 jobs at the latter.

Appleton employees are being offered jobs in Brookfield. Those who choose not to relocate will be offered a severance package.

The consolidation will be complete at the end of the year.

Marshall & Ilsley is a financial services corporation headquartered in Milwaukee, Wisconsin, with $63.5 billion in assets in 2008. Founded in 1847, M&I Bank is the largest Wisconsin-based bank, with 194 offices throughout the state. In addition, M&I has 45 locations throughout Arizona; 17 offices in Kansas City and nearby communities; 17 offices on Florida’s west coast; 17 offices in metropolitan Minneapolis/St. Paul, and one in Duluth, Minnesota.; and one office in Las Vegas, Nevada. M&I’s Southwest Bank subsidiary has 16 offices in the greater St. Louis area.