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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).
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 ...
In the second quarter of 2024, there were 3,985 commercial banks and 554 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.9 trillion in assets. [1]
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 ...
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.
The difference is the words "Bank of Montreal" will be replaced with "Harris Bank". The name change to "BMO Harris Bank" took place over a span of 18 months, completing on October 9, 2012. [18] On July 5, 2011, BMO Financial Group acquired Marshall & Ilsley Corporation through its subsidiary BMO Financial Corp. (formerly Harris Financial Corp).
BMO Harris Bank Building: 277 ft (84 m) 21 1969 Former headquarters of M&I Bank, the largest bank based in Wisconsin. [66] [67] 24 Bay View Terrace 275 ft (84 m) 25 1964 Tallest building on Milwaukee's south side. The north and south facades have no windows, save for the balcony doors. [68] 25 Hilton Milwaukee City Center: 274 ft (84 m) 25 1927
Harris myCFO is the American wealth management unit of BMO Harris Bank serving high-net-worth individuals and families. [1] In 2002, Harris acquired certain assets of myCFO, Inc., founded by James H. Clark, in a $30 million deal. [2] Harris myCFO provides a variety of services including investment advisory and family office services.