Alan G. McNally has gotten off to a flying start in the renovation of Harris Bankcorp, the sleepy Chicago subsidiary of Bank of Montreal Corp.

Since he became chief executive and vice chairman of the $14 billion-asset bank last fall, Mr. McNally has plunked down $246 million for Suburban Bancorp, marking the first acquisition for Harris in five years.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.