MILWAUKEE -- Marshall & Ilsley Corp. said it has signed a definitive agreement to acquire the Bank of Burlington in southeastern Wisconsin.

M&I said it will leave management in place at the Burlington bank, which has $172.5 million of assets and offices in Burlington, Waterford, Paddock Lake, and Twin Lakes, Wis.

The transaction, which is subject to approval by shareholders and regulatory authorities, is expected to be completed in 1994. The companies did not disclose the terms.

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