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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 bank was established on 23 June 1817 [11] when a group of merchants signed the Articles of Association, formally creating the "Montreal Bank". [4] The signors of the document include Robert Armour, John C. Bush, Austin Cuvillier, George Garden, Horatio Gates, James Leslie, George Moffatt, John Richardson, and Thomas A. Turner.
In 1998, the Bank of Montreal proposed a merger with the Royal Bank of Canada around the same time that CIBC proposed to combine with the Toronto-Dominion Bank. [23] The banks argued that these mergers would enable them to compete globally with other financial institutions. [33] This would have left Canada with only three major national banks.
BMO Capital Markets is the investment banking subsidiary of Canadian Bank of Montreal. The company offers corporate, institutional and government clients access to a range of financial services .
In 1999, he was appointed vice-chair, Bank of Montreal. From 2001 to 2006, he was deputy chair of BMO Financial Group, and CEO of BMO Capital Markets. In February 2006, Downe was named chief operating officer and was chosen to replace Tony Comper as president and chief executive officer of BMO effective March 1, 2007, the day of BMO's annual ...
1958 Bank of London and South America, an associate of Lloyds Bank, and Bank of Montreal established Bank of London and Montreal as a 50-50 JV with headquarters in Nassau in the Bahamas. BOLSA contributed its branches in the West Indies and northern South America, and Bank of Montreal contributed capital. 1959 BOLAM established a branch in Jamaica.
David Alexander Galloway (born 1 November 1943) is a Canadian buinessman was the CEO of Torstar and was chairman of the board of Bank of Montreal from 2004 to 2012, which is also known as BMO Financial Group. As well, Galloway served on the audit, human resources, governance and risk review committees of the Board of Directors of the Bank of ...
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