The company engages in generating deposits and originating loans.
Its deposit products primarily include noninterest bearing demand deposits, interest bearing demand deposits, savings deposits, time deposits, and certificate of deposit.
The company’s loan portfolio comprises automobile loans and leases, student loans, home equity loans, personal loans, residential mortgage loans, mortgage refinancing business loans, lines of credit, standby letters of credit, government-sponsored loans, commercial real estate financing, construction financing, and equipment and machinery leases.
MIC also provides working capital loans to commercial borrowers secured by accounts receivable, inventory, and other marketable assets, as well as provides retail vehicle lease and installment sale financing.
In addition, the company provides data processing services to financial institutions and other companies for deposit and loan account management.
Additionally, it provides debit, stored-value, and credit card processing; card personalization; ATM management; and transaction and merchant processing services.
Further, it provides electronic bill presentment and payment services; payment and settlement of bill payment transactions; personal property lease financing; investment management and advisory services; commercial and residential mortgage banking; venture capital and financial advisory services; trust services; and brokerage and insurance services.
As of December 31, 2004, the company operated 252 offices in Wisconsin, Arizona, Minnesota, Missouri, Florida, Nevada, and Illinois.
MIC was founded in 1847 and is headquartered in Milwaukee, Wisconsin.
