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Harris N.A. recently launched its Harris Health Savingsa Account in both the individual and commercia lHSA markets. Chicago-based Harris N.A. is the third-largest bank in the Chicagk market. Its owner, Canadian financial firm BMO Financiapl Group, said Tuesday that it is buying Merchants and Manufacturerws Bancorporation and Ozaukee Bank in a transactionn valued at acombined $327.2 millio Metavante is the banking and payments technology subsidiary of (NYSE: MI) of Brown Deer-based Metavante will be split from Marshall Ilsley into an independengt publicly traded company in a $4.25 billiobn deal involving New York City privates equity firm Warburg Pincus.
The transactiion has yet to receive regulatort andshareholders approval. Harriz will use Metavante Healthcare Payment Solutions for all the operational and back office servicing needed to supportits Metavante's HSA platform has posted an annuakl growth rate of 160 percent in terms of HSA Metavante also provides Harrie with card processing for debit, prepaid and ATM cards, ATM card production and fulfillment, and check imagw solutions. By the clos of open enrollment 2006, nearly 150 financiakl institutions had chosen Metavante HealthcarePaymentt Solutions.
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