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HARRIS BANK ANNOUNCES MANAGEMENT TRANSITION

 CHICAGO, June 16 /PRNewswire/ -- B. Kenneth West, chairman of the board of directors of Harris Bankcorp and its subsidiary, Harris Trust and Savings Bank, today announced his retirement as chief executive officer, effective Sept. 1, after a 36-year career at the Harris. West, who turns 60 in September, will continue as chairman of the two boards.
 West also announced that the Harris board at its meeting today elected Alan G. McNally, 47, chief executive officer of Harris Bankcorp and Harris Trust and Savings Bank, effective Sept. 1. In addition, McNally was elected a director of the two companies and vice chairman of the board, effective the same date. McNally is currently vice chairman, responsible for personal and commercial financial services at Bank of Montreal, which, with assets of $87.8 billion (C$109 billion), is one of the ten largest banks in North America.
 West also announced that Harris's president, Donald S. Hunt, 55, has been appointed chief operating officer, and will play an expanded role at the Harris. Hunt continues to sit on the boards of directors of Harris Bankcorp and Harris Trust and Savings Bank, and will join the Consolidated Management Committee of the group of companies that make up Bank of Montreal's worldwide operations.
 The executive changes were announced as Bank of Montreal entered the next phase of its strategy to build a North American financial services organizations with comprehensive capabilities in both Canada and the United States. Bank of Montreal will evolve, over the decade, into four main operating companies:
 -- Personal and Commercial Services (Canada) -- serving individuals,
 small businesses and mid-market corporations in Canada;
 -- Harris Bank, in the U.S. -- serving individuals, small businesses
 and mid-market corporations, principally in the Midwest, and
 providing trust and cash management services nationally;
 -- Corporate and Institutional Financial Services -- serving large
 national and multinational corporations and institutions
 throughout North America, and in selected offshore markets, and
 -- Investment Banking -- providing securities and investment
 services to customers in North America and selectively offshore.
 The competencies and specializations of each company will be made available to the entire organization and its customers.
 The strategy, which was recently endorsed by the boars of both Harris and Bank of Montreal, will lead to significant expansion in the United States, principally focused in the Harris Bank. Harris's services to individuals, small businesses and mid-market corporations will be expanded in Chicago and throughout Illinois and seven neighboring states. Harris will also continue to build its strong position in trust and cash management services on a national basis.
 "I feel strongly that the CEO who starts an effort this large and significant should be in a position to lead the process throughout its ten-year span," West said. "For me, it is particularly gratifying to see our strategy emerge -- and with an expanded mandate for the Harris. Al McNally brings a unique set of skills which are essential to this exciting new stage in Harris's history. With Al as CEO and Don Hunt as COO, and with their complementary skills and experience, we have leadership of the highest caliber."
 In his 13 years as president and then chairman of Harris Bankcorp, West has led the institution through the most significant expansion of its 111-year history. During his tenure, the Harris has acquired 12 community banks in suburban Chicago, and has expanded its commercial banking business throughout the Midwest and coast to coast. It is one of the 50 largest banking organizations in the United States, and its century-old trust business has grown to the point where it is among the top 20 trust organizations in North America.
 "To reach this important juncture, we have relied heavily on Ken West's leadership at the Harris," said Matthew Barrett, chairman and chief executive officer, Bank of Montreal. "We are well on the way to achieving our goal of becoming North America's first comprehensive, full-service bank operating on both sides of the border."
 Al McNally was part of the original team that forged the agreement between Bank of Montreal and Harris Bank in 1984. In nearly two decades at the Bank of Montreal, McNally has had significant responsibilities in virtually every area of the bank's operations. He is currently responsible for Bank of Montreal's highly profitable retail, small business and mid-market banking operation in Canada, a business which serves five million customers from 1,200 offices nationwide, represents $32.2 billion (C$40 billion) of the bank's total assets, and includes one of the five largest MasterCard operations in the world. McNally is chairman, MasterCard International Incorporated, headquartered in New York.
 Since joining Bank of Montreal in 1975, he has also had substantial international banking experience while based in London, managing the bank's European operations, and later while managing Bank of Montreal's network of U.S. and international branches and its global treasury operations.
 "This aggressive program of expansion presents very exciting prospects for the Harris, its customers and its people. The key will be to build on the Harris tradition and culture of putting its customers first," said McNally. "We intend to expand and grow, and look forward to vigorous competition in the years ahead. I am honored to join the Harris family and can't wait to get started."
 FOCUS ON NORTH AMERICA.
 In its Corporate Strategic Plan, adopted in April 1990, Bank of Montreal identified North America as its key geographic market, where its priority is to serve:
 -- individuals, small businesses and mid-market corporations in
 Canada and the U.S., and
 -- large national and multinational corporations and institutions in
 North America, and those in selected offshore markets with North
 America operations or investments.
 In discussing the Corporate Strategic Plan, Bank of Montreal Chairman and Chief Executive Officer Matthew Barrett established a goal of achieving about half of the bank's earnings from U.S. operations by the turn of the century; U.S. earnings currently account for about 30 percent of the total.
 Today's announcement that Bank of Montreal will achieve this expansion through four distinct operating companies marks another step in a steady evolution.
 1861 Bank of Montreal opens agency in Chicago, the first
 Canadian bank to establish operations in the city.
 1865 Bank of Montreal becomes charter member of Chicago
 Clearing House Association.
 1882 N.W. Harris & Co. is formed as an investment banking firm.
 1907 Harris Trust and Savings Bank is incorporated as the
 successor to N.W. Harris & Co.
 1982 Harris Bankcorp buys first affiliate bank. To date,
 Harris has acquired 12 community banks in suburban
 Chicago.
 1984 Harris Bankcorp becomes a wholly owned subsidiary of
 Bank of Montreal.
 1985 Harris and Bank of Montreal introduce an electronic
 service that, for the first time, permits funds to be
 transferred directly between U.S.-based corporations and
 bank accounts in Canada.
 1990 Harris and Bank of Montreal combine their global custody
 business, which is marketed under the name of Bank of
 Montreal Global Custody and managed by Harris.
 1990 Harris and Bank of Montreal establish a Channel Islands
 offshore trust subsidiary, principally to serve customers
 in Bank of Montreal's Pacific Rim banking centers; Bank of
 Montreal Trust (C.I.) Ltd. is managed by Harris.
 1992 Harris and Bank of Montreal combine their efforts to serve
 large corporate customers throughout the U.S., which has
 already resulted in business growth exceeding 20 percent.
 1993 The Trust Company of Bank of Montreal is launched in
 Canada, following extensive planning by a joint
 Harris-Bank of Montreal team.
 1993 With the announcement of Bank of Montreal's strategy to

 build a North American financial services organization,
 Harris has mandate to expand its services to individuals,
 small businesses and mid-market corporations throughout
 Illinois and the seven neighboring states and triple its
 distribution network.
 B. KENNETH WEST
 CHAIRMAN AND CHIEF EXECUTIVE OFFICER
 HARRIS TRUST AND SAVINGS BANK
 111 W. Monroe Street, Chicago, Ill., 60690
 Phone: 312-461-6540
 B. Kenneth West is chairman of the board and chief executive officer of Harris Trust and Savings and its holding company, Harris Bankcorp, Inc.
 Starting at Harris in 1957 as an investment analyst in the financial and economic research section, he has held a succession of posts in the banking department. He has headed international banking and corporate financial services and was an early management member of the bank's charge card division.
 In 1976 West was named head of the banking department and was elected executive vice president in 1977. He was elected president in 1980 and chairman and chief executive officer in 1984.
 A native of Carthage, Ill., West joined Harris after two years of service as a U.S. Navy officer. He is a 1955 Phi Beta Kappa graduate of the University of Illinois and after joining the bank completed night classes to receive the M.B.A. with honors in 1960 from the University of Chicago.
 The quality of education at all levels in Chicago is one of West's principal civic concerns. He is a member of and immediate past chairman of the board of trustees of the University of Chicago and in 1988 was awarded the university's honorary Doctor of Laws degree. In 1988 he was a leader of the Chicago mayoral education summit panel aimed at improving the sagging performance of the Chicago public school system. He is also a leader in Chicago United's and the Commercial Club Civic Committee's drives for Chicago school reforms.
 DONALD S. HUNT
 PRESIDENT
 HARRIS BANKCORP, INC.
 111 W. Monroe St., Chicago, Ill. 60690
 Phone 312-461-5223
 Donald S. Hunt is president of Harris Trust and Savings Bank and its holding company, Harris Bankcorp, Inc. He was elected to this post on July 1, 1991, following service as executive vice president, personal financial services department, with responsibility for all banking and trust services to individuals as well as Harris Bankcorp's suburban affiliate banks.
 In a i?ous post Hunt was deputy executive of the operations department of Harris Bank, where he was responsible for the bank's systems development and data processing activities.
 He is member of the board of directors of Harris Bank and Harris Bankcorp, Inc. He is also chairman of Harris Trust Bank Arizona.
 Hunt received the B.A. degree from Carleton College in 1960 and an M.B.A. degree from Indiana University in 1964.
 He joined Harris Bank in 1964 as a member of the commercial loan department. He was elected commercial banking officer in 1966, assistant vice president in 1969, and vice president in 1972. From 1972 to 1978 he served in the international banking group, where he was named division administrator of the U.S. and Canada division in 1973 and of the overseas division in 1976.
 In 1978 Hunt was named group executive of the information systems group in the operations department and was elected senior vice president in 1979.
 He was elected executive vice president in 1986 and was named director of affiliate bank management. In 1988 he was named department executive for the personal finance services department.
 ALAN G. McNALLY
 VICE CHAIRMAN
 PERSONAL & COMMERCIAL FINANCIAL SERVICES
 BANK OF MONTREAL
 Alan McNally was appointed vice chairman, personal & commercial financial services, in January 1990. In this position, McNally oversees the activities of all banking groups serving 5 million individual, small business and commercial mid-market customers in Canada -- a $40 billion business comprising 1,200 offices nationwide, and including one of the five largest MasterCard operations in the world.
 Born in Quebec City on Nov. 3, 1945, McNally attended Cornell University from 1963 to 1967, graduating with a B.Sc. and M.Eng. in industrial engineering. He later earned a International M.B.A. from York University, a program that included studies at the Harvard Graduate School of Business, Oxford University and INSEAD in France. While at Cornell, he was an intercollegiate hockey goaltender and freshman hockey coach.
 Before joining Bank of Montreal in 1975, McNally worked in the computer services, pulp and paper, and aluminum industries. While at the Aluminum Company of Canada, he worked in finance and other functions in the firm's Montreal head office and at Alcan's Arvida, Quebec, facilities. Two years after joining Bank of Montreal, he was named comptroller, domestic banking, and became vice president and corporate comptroller in 1978.
 In nearly two decades at the bank, McNally has had significant responsibilities in virtually every area of the bank's operations.
 On the international front, he was vice president, treasury operations; vice president, international banking, and senior vice president and manager, London Branch, where he was also managing director, First Canadian Financial Services (U.K.), and responsible for the bank's European operations. He returned to Canada as deputy group executive, treasury group, responsible for Bank of Montreal's network of U.S. and international branches and its global treasury operations. He also served on the board of directors of Banque Transatlantique in Paris.
 On the retail and commercial banking front, he was deputy group executive, commercial banking, responsible for the bank's relationships with small business and mid-market customers, and then executive vice president and group executive, personal banking, managing a business that serves more than four million households.
 McNally is chairman, MasterCard International Incorporated, a member of the Domestic Banking Policy Committee of the Canadian Bankers Association, and a former director of the Canadian Payments Association. He is also a member of the boards of directors of The Trust Company of Bank of Montreal, Nesbitt Thomson Corporation Limited, Bank of Montreal Investment Management Limited, Bank of Montreal Investor Services Limited; a member of the board of governors of York University, treasurer of the Queen Elizabeth Hospital Foundation, and a director of the Canadian Children's Foundation, which operates Kids' Help Phone. He is also a member of the International MBA Advisory Board, York University, and a former director of the Canadian Council for Aboriginal Business.
 He is married to Ruth, has two children and has been active in coaching young people's hockey and baseball in Toronto.
 -0- 6/16/93
 /CONTACT: Mary Ullrich, 312-461-6905, or Pam Kassner, 312-461-6625, both of Harris Bankcorp, Inc./


CO: Harris Bankcorp, Inc. ST: Illinois IN: FIN SU: PER

SH -- NY054 -- 2685 06/16/93 14:35 EDT
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Date:Jun 16, 1993
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