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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 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).
With over 700 branch locations, customers should have plenty of options for in-person banking. The rates on its savings account and one-year CD are not the strongest on this list at 0.01% and 0.05 ...
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of September 30, 2024 per the Federal Financial Institutions Examination Council, along with the market capitalization of public banks.
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.
In 2003 BMO Financial Group acquired Gerard Klauer Mattison (GKM), providing Harris Nesbitt with a U.S.-based equity research and institutional sales and trading platform. GKM was founded in 1989 in New York as a boutique equity research and investment banking firm serving the institutional marketplace.
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.