MILWAUKEE, June 3, 2005 /PRNewswire-FirstCall via COMTEX/ — Dr. Edward Gramlich, a member of the Board of Governors of the Federal Reserve System, will be in Milwaukee June 7 and 8 to speak on the topics of community reinvestment and Social Security reform.
On Tuesday, June 7 at 7:00 p.m. CDT, Dr. Gramlich will address a community redevelopment forum regarding proposed revisions to the Community Reinvestment Act. The event will be held at Legacy Bancorp, 2102 West Fond du Lac Avenue.
On Wednesday, June 8 at 7:30 a.m., Dr. Gramlich will speak to representatives from the area’s financial services industry about Social Security reform. The breakfast will be held at the University Club, 924 East Wells Street.
Reporters planning to attend either event must register in advance by calling Sara Sherlund at (414) 765-7831 by June 7.
The events are jointly hosted by Legacy Bancorp and Marshall & Ilsley Corporation.
About Dr. Edward Gramlich
Before becoming a member of the Board, Dr. Gramlich served as Dean of the School of Public Policy at the University of Michigan (1995-97). He also served as Professor of Economics and Public Policy at the University of Michigan (1976-97), chair of the Economics Department (1983-86 and 1989-90), and Director of the Institute of Public Policy Studies (1979-83 and 1991-95).
Dr. Gramlich has extensive governmental experience. From 1994 to 1996 he served as Chair of the Quadrennial Advisory Council on Social Security, a body established to examine the actuarial finances of Social Security and to suggest policy changes. From 1986 to 1987, Dr. Gramlich was both Deputy Director and Acting Director of the Congressional Budget Office. He also was Director of the Policy Research Division at the Office of Economic Opportunity (1971 – 73), Senior Fellow at the Brookings Institution (1973-76), and a staff member of the Research Division of the Federal Reserve Board (1965-70).
Dr. Gramlich also has a strong research record on a wide range of issues. In 1992, he was the staff director for the Economic Study Commission of major league baseball. His popular text on benefit-cost analysis is in its second edition; he has also written several books and many articles on such topics as macroeconomics, budget policy, income redistribution, fiscal federalism, social security and the economics of professional sports.
About Legacy Bancorp
Legacy Bancorp, Inc. is a privately held bank holding company located in Milwaukee, Wis. and is the parent company of Legacy Bank. Legacy Bank, with assets of $106 million, was chartered by the Wisconsin Department of Financial Institutions on July 29, 1999. Legacy Bank, Legacy Bancorp Inc. and Legacy Bank’s community partner, Legacy Redevelopment Corporation, are all certified by the United States Department of the Treasury as Community Development Financial Institutions. Legacy Bancorp, Inc.’s shareholders represent a diverse group of individuals, business owners, religious organizations, governmental bodies, banks, foundations, and major corporations. Legacy Bank provides a full range of financial services to its customers and community including commercial loans and financial products, consumer depository and credit products, and home mortgages. Legacy Bank was recently recognized by Black Enterprise Magazine as one of the “BE 100s” as the 17th largest minority owned bank in the country.
About Marshall & Ilsley Corporation
Marshall & Ilsley Corporation (NYSE: MI) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $41.6 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank has the largest banking presence in Wisconsin with 197 offices throughout the state. In addition, M&I has 36 locations throughout Arizona; 12 offices in metropolitan Minneapolis/St. Paul, Minn.; and, locations in Duluth, Minn.; Las Vegas, Nev.; and, Naples and Bonita Springs, Fla. M&I’s Southwest Bank affiliate has six offices in the St. Louis area and one office in Belleville, Ill. Metavante Corporation, Marshall & Ilsley Corporation’s wholly owned technology subsidiary, provides virtually all of the technology an organization needs to offer financial services. M&I also provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services from offices throughout the country and on the Internet ( http://www.mibank.com or http://www.micorp.com ). M&I’s customer-based approach, internal growth, and strategic acquisitions have made M&I a nationally recognized leader in the financial services industry.
SOURCE Marshall & Ilsley Corporation
Sara Sherlund of Marshall & Ilsley Corporation, +1-414-765-7831
