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BMO Harris Bank is closing nine of its 182 Chicago-area branches in early December, reducing the bank’s footprint by 5% in its largest U.S. market. Two Chicago branches are set to close in the ...
BMO Bank, N.A. (colloquially BMO; US: / b iː m oʊ /) is a U.S. national bank headquartered in Chicago, Illinois.It is a subsidiary of the Toronto-based multinational investment bank and financial services company Bank of Montreal, which owns it through the holding company BMO Financial Corporation (formerly Bankmont Financial Corporation, then Harris Financial Corporation).
The acquisition of Bank of the West by the Canadian banking group Bank of Montreal (BMO) was completed in February 2023, with the intention of absorbing it into BMO's U.S. subsidiary BMO Harris Bank. Over the ensuing Labor Day weekend, the Bank of the West brand was retired, and all accounts and branches from both subsidiaries were converted ...
On April 5, 2011, bank officers from M&I Bank, Harris Bank, and the Bank of Montreal announced the name of the bank after the merger will be "BMO Harris Bank". Both M&I Bank and Harris bank will be affected by the name change. The new logo will be similar to BMO's logo. The difference is the words "Bank of Montreal" will be replaced with ...
In 1984, the bank acquired Chicago-based Harris Bank (through its parent, Harris Bankcorp), later rebranded as BMO Harris Bank. [20] In 1987, the bank acquired stock brokerage Nesbitt, Thomson and Company. Several years later, the bank assumed control of two retail branches formerly belonging to the Standard Chartered Bank of Canada.
Bank of Montreal acquired Suburban Bancorp, Inc. by merger in 1994. Harris Bankmont, Inc., an American subsidiary of Bank of Montreal, merged with Suburban Bankcorp to expand the Harris Bank presence in the Chicago area. [2] The all-stock deal was valued at $246 million. [3]
The NBA issued a mandate requiring the Bucks to relocate, or be close to completion of a new facility by 2017. The BMO Harris Bradley Center during demolition on March 31, 2019. On April 16, 2014, Bucks' owner Herb Kohl announced an agreement to sell the franchise to New York City hedge-fund investors Marc Lasry and Wesley Edens. The deal ...
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)