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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).
Headquarters location Total assets (billions of US$) [3] CET1 capital requirement [4] Market capitalization (billions of US$ as of 12/31/2023) [5] Ticker Symbol; 1 JPMorgan Chase: New York City: $4,143 12.0% $491.76 JPM 2 Bank of America: Charlotte, North Carolina: $3,257 10.4% $266.46 BAC 3 Citigroup: New York City: $2,405 11.5% $98.45 C 4 ...
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 ...
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 ...
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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.
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