Metavante Completes NYCEDeal

August 02, 2004, 1:00 a.m. EDT 1 Min Read

MILWAUKEE - (08/02/04) -- Marshall & Ilsley Corp. saidFriday its Metavante unit completed the acquisition of the NYCEelectronic funds transfer network from First Data Corp. and fourbanks which were minority shareholders in NYCE. The company alsosaid that Dennis Lynch, president and CEO of NYCE since 1996, willretire in September and be succeeded by Steven Rathgaber, NYCE'scurrent executive vice president and chief operating officer.Rathgaber will report directly to Frank D'Angelo, executive vicepresident and group executive for Metavante. Metavante paid $610for NYCE, the second largest EFT network in the country.

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