BMO Financial Group shares closing date and other details on its Bank of the West purchase - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

In banking news, BMO takes a big leap forward in its U.S. banking ambitions. BankoftheWest

BMO Financial Group said late Tuesday that it has received all regulatory approvals to acquire San Francisco-based Bank of the West and expects to close the transaction on Feb. 1.

Representatives of BMO Financial Group, parent company of Bank of Montreal, did not immediately respond to questions regarding what executive role, if any, Bakhshi will have at the combined bank. It is not unusual to see the C-suite of an acquired bank head for the exit, given the lucrative nature of change-in-control clauses typically in senior executive contracts.

The combination will bring more than 9,300 Bank of the West employees and its nearly 1.8 million commercial, retail, wealth management and business customers to the combined bank, which will offer access to more than 1,000 U.S. branches in 32 states.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vista Bank to acquire Charis Bank - Dallas Business JournalFollowing the acquisition, Vista Bank will have more than $1.7 billion in assets and about 200 employees.
Source: DallasBizNews - 🏆 525. / 51 Read more »