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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).
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The Bank of Montreal Museum features exhibits about the history of the bank, including a 19th-century teller's window, photos, coins and banknotes, cheques, and mechanical piggybanks. The displays are located in the passage between the old building and the current head office. The museum is open during regular bank hours and admission is free. [5]
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.
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).
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