Bmo harris bank mi merger

bmo harris bank mi merger

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Bank of Montreal said it will rename its U.S. consumer lending business BMO Harris Bank, from Harris Bank, after it completes its $ BMO's acquisition of Bank of the West brings nearly million customers to BMO and extends its banking presence through more than additional branches. BMO Financial Group merged financial advisors from Harris Bank of Chicago and M&I Bank of Milwaukee to form BMO Harris Financial Advisors on.
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This rating reflects somewhat elevated problem asset levels, lackluster historical earnings and the risk in integrating the MI deal. Upward ratings movement potential is limited due to BMO's already strong ratings profile. Although the MI merger poses significant challenges, Fitch expects management to be able to execute the integration without impact on the ratings.