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BMO was the bank with the second-most deposits in Chicago by June 2018, with 11.5% market share. [11] Also, that month, its BMO Harris division was operating in eight states in the US. [12] In December 2021, Bank of Montreal agreed to purchase Bank of the West with the intent on merging it with BMO Harris Bank, which would at least double its U ...
[14] [22] During the 1990s, BMO acquired a number of other banks in the Chicago area, merging them under the Harris Bank name, including Suburban Bancorp in 1994; and Household Bank in 1999. In 1998, the Bank of Montreal and the Royal Bank of Canada announced they had agreed to a merger pending approval from the government.
Canadian banking group Bank of Montreal (BMO) completed the acquisition of Bank of the West 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 and merged ...
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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).
The less interest you owe on a loan, the lower your monthly payment — or the more money you can put toward your loan’s principal to pay down what you borrow faster. You can increase your down ...