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- The deal gives BMO, Canada's fourth-largest lender, a large-scale presence in California, whose population is bigger than the bank's home country. It will add 1.8 million customers and give BMO the ability to deploy almost all of its excess capital, which has been a drag on returns.
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Feb 1, 2023 · BMO's acquisition of Bank of the West brings nearly 1.8 million customers to BMO and extends its banking presence through more than 500 additional branches and commercial and wealth offices in key U.S. growth markets.
- BMO Financial Group accelerates North American growth with ...
Under the terms of the agreement, BMO will acquire Bank of...
- BMO Completes Acquisition of Bank of the West - Feb 1, 2023
BMO's acquisition of Bank of the West brings nearly 1.8...
- BMO Receives Regulatory Approval to Acquire Bank of the West
BMO also looks forward to over 9,300 Bank of the West...
- BMO Financial Group accelerates North American growth with ...
Dec 20, 2021 · Under the terms of the agreement, BMO will acquire Bank of the West for a cash purchase price of US$16.3 billion, or US$13.4 billion net of estimated US$2.9 billion of excess capital (at closing) at Bank of the West. BMO will fund the transaction primarily with excess capital reflecting its strong capital position and anticipated capital ...
Dec 20, 2021 · Bank of Montreal (BMO) said on Monday it will buy BNP Paribas' U.S. unit, Bank of the West, for $16.3 billion US in its biggest deal ever, allowing the Canadian lender to double its...
Feb 1, 2023 · BMO's acquisition of Bank of the West brings nearly 1.8 million customers to BMO and extends its banking presence through more than 500 additional branches and commercial and wealth offices in key U.S. growth markets.
BMO also looks forward to over 9,300 Bank of the West employees joining the BMO family. After closing and until conversion of the combined banks' systems, expected in early September 2023, customers will continue to receive service through their respective Bank of the West and BMO branches, websites and mobile applications.
Feb 1, 2023 · BMO's acquisition of Bank of the West brings nearly 1.8 million customers to BMO and extends its banking presence through more than 500 additional branches and commercial and wealth offices...
Jan 18, 2023 · TORONTO - BMO Financial Group has secured the all-clear from U.S. regulators to close its US$16.3-billion takeover of California-based Bank of the West from BNP Paribas. The deal, expected to...
