M&I makes Appleton layoffs of 154 official

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Appleton Post-Crescent

APPLETON — M&I Bank filed official notice Friday of its planned layoffs in Appleton.

The Milwaukee-based bank said 154 workers would be displaced by Nov. 2 in the notice of mass layoff filed with the Department of Workforce Development. The move does not impact banking operations, the company said.

In mid-July, M&I announced that the jobs would be eliminated from the downtown Appleton City Center when it relocates its customer account processing operations in Brookfield by year's end.

M&I said about 700 people would remain working in Fox Valley positions once consolidation of backroom operations is complete.

The bank said the move will save money and increase efficiencies.

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