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30-548: BMO Bank, N.A. ( colloquially BMO ; US : / b iː m oʊ / ) is an American national bank that is headquartered in Chicago, Illinois . It is the U.S. 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). As of March 2024, it

60-713: A Chicago-based municipal bond broker and the forerunner of Harris Bank. Harris Trust and Savings Bank was established in 1907. It merged with Chicago National Bank in 1960 and was restructured as Harris Bank, N.A. in 1972. Bank of Montreal (later known as BMO Financial Group) acquired control of Harris in 1984. The bank grew rapidly through a series of acquisitions beginning with the First National Bank of Barrington in 1985, State Bank of St. Charles and First National Bank of Batavia in 1988 and Libertyville Federal Savings Bank and Loan and Frankfort Bancshares in 1990. Harris Bankcorp and Suburban Bancorp combined under

90-635: A name or term commonly used to identify a person or thing in non-specialist language, in place of another usually more formal or technical name. In the philosophy of language , "colloquial language" is ordinary natural language , as distinct from specialized forms used in logic or other areas of philosophy. In the field of logical atomism , meaning is evaluated in a different way than with more formal propositions . Colloquialisms are distinct from slang or jargon . Slang refers to words used only by specific social groups, such as demographics based on region, age, or socio-economic identity. In contrast, jargon

120-400: Is colloquial . Colloquialism or general parlance is distinct from formal speech or formal writing . It is the form of language that speakers typically use when they are relaxed and not especially self-conscious. An expression is labeled colloq. for "colloquial" in dictionaries when a different expression is preferred in formal usage, but this does not mean that the colloquial expression

150-638: Is Nandita Bakshi In 2022, the bank was listed as one of the Best Places to Work for Disability Inclusio n by the Disability Equality Index (DEI). In December 2021, BNP Paribas agreed to sell Bank of the West to the Canadian banking group BMO Financial Group . BMO announced plans to merge Bank of the West with its existing U.S. subsidiary BMO Harris Bank , which would at least double BMO's total presence in

180-708: Is a barrier to communication for those people unfamiliar with the respective field. Bank of the West Bank of the West was an American financial institution headquartered in San Francisco , California , United States. It had more than 600 branches and offices in the Midwest and Western United States . It was founded in 1874 in San Jose, California , as the Farmers National Gold Bank of San Jose. Bank of

210-423: Is most commonly used within specific occupations, industries, activities, or areas of interest. Colloquial language includes slang, along with abbreviations, contractions, idioms, turns-of-phrase, and other informal words and phrases known to most native speakers of a language or dialect. Jargon is terminology that is explicitly defined in relationship to a specific activity, profession, or group. The term refers to

240-549: Is necessarily slang or non-standard . Some colloquial language contains a great deal of slang, but some contains no slang at all. Slang is often used in colloquial speech, but this particular register is restricted to particular in-groups, and it is not a necessary element of colloquialism. Other examples of colloquial usage in English include contractions or profanity . "Colloquial" should also be distinguished from "non-standard". The difference between standard and non-standard

270-400: Is not necessarily connected to the difference between formal and colloquial. Formal, colloquial, and vulgar language are more a matter of stylistic variation and diction , rather than of the standard and non-standard dichotomy. The term "colloquial" is also equated with "non-standard" at times, in certain contexts and terminological conventions. A colloquial name or familiar name is

300-650: The Toronto-Dominion Bank ). BMO is the issuer of the Diners Club cards in the United States. BMO is headquartered in a complex of three buildings in Chicago's Loop neighborhood. The original 21-story building was constructed in 1910 at 119 West Monroe Street. The entrance to the building is flanked by two bas-relief sculptures of lions, which inspired various iterations of the bank's logo until 2011, along with

330-799: The 1991 purchase of 30 branches in northern California from failed Imperial Savings and Loan; the 1992 purchase of Atlantic Financial Federal Savings Bank from the Resolution Trust Corporation ; the 1993 purchase of 15 branches in northern California from Citibank for $ 360 million; the 1995 purchase of NorthBay Savings Bank, headquartered in Petaluma, California ; and the 1997 purchase of branches from Bank of America and Coast Federal Bank. In 1995, First Hawaiian Bank established Pacific One Bank to hold 30 branches in Washington , Oregon , and Idaho that it acquired from West One Bank when that bank

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360-1571: The Harris name in 1994 and two years later, the company acquired 54 Chicago area branches from Household Bank. In 1999, the direct brokerage firm Burke, Christensen & Lewis merged with Harris Investors Direct to form Harris InvestorLine. The company's further acquisitions include Freeman Welwood in 2000; Village Bank of Naples , and Century Bank (Arizona) and First National Bank of Joliet in 2001; Northwestern Trust and Investors Advisory Company ( Seattle ) in 2002. Also in 2002, InvestorLine combined with CSFBdirect to form Harrisdirect and Harris acquired online client accounts of Morgan Stanley Individual Investor Group and myCFO . The following year, it purchased Sullivan, Bruyette Speros & Blayney Incorporated, followed by Lakeland Community Bank in Round Lake , and Villa Park Trust and Savings Bank in 2005. BMO continued its acquisitions in 2007 with First National Bank & Trust, ( Kokomo, Indiana ) followed by Ozaukee Bank, ( Cedarburg, Wisconsin ) and Merchant and Manufacturers Bankcorp Inc., ( New Berlin, Wisconsin ) in 2008, and Amcore Bank N.A. ( Rockford, Illinois ) on April 23, 2010. On December 17, 2010, Bank of Montreal agreed to purchase Milwaukee -based Marshall & Ilsley Corporation in an all-stock transaction valued at about US$ 4.1 billion. Marshall & Ilsley and Harris Bankcorp were both rebranded as BMO Harris. The company restructured as BMO Bankcorp July 5, 2011. In December 2015,

390-707: The West acquired 23 First Security branches in New Mexico and seven First Security branches in Nevada to avoid antitrust issues with overlapping Wells Fargo operations. Also in 2001, First Hawaiian Bank bought Union Bank of California's branches in Guam and Saipan . First Hawaiian had established its first branch in Guam in 1970 and its first branch in Saipan in 1997. (Union Bank of California had established its branch in Guam in 1974.) In May 2001,

420-596: The West bought Commercial Federal Corporation of Omaha, Nebraska . This merger added offices in Arizona, Colorado, Iowa, Kansas , Missouri , Nebraska, and Oklahoma to Bank of the West. In January 2006, Bank of the West opened a representative office in Tokyo , Japan , and in September 2007, it opened a representative office in Taipei , Taiwan . As of June 2016, Bank of the West's CEO

450-517: The West was completed in February 2023, and the Bank of the West brand is planned to be absorbed into the global BMO brand by September 2023. Coinciding with this merger, BMO Harris Bank announced that it will retire the combined "BMO Harris" brand and will start to use the global BMO brand of its Canadian parent company. The company will then begin to primarily do business as "BMO Bank N.A." in September 2023 once

480-491: The West was then owned by the French banking group BNP from 1979 to 2023. 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 and merged into

510-475: The West. In 1979, BNP bought Bank of the West and merged in the French Bank of California. The bank owned 35 locations and $ 350 million in assets. In May 2000, BNP and Paribas merged to form BNP Paribas. Throughout the 1980s and 1990s, Bank of the West bought several other banks and branches. In 1987, Bank of the West bought Bank of Los Gatos. This was followed by the 1990 purchase of Central Banking Systems;

540-578: The bank announced it would move its headquarters to 14 floors of a 50-story office tower adjacent to Chicago Union Station . The new BMO Tower opened in 2022. Additionally, notable BMO buildings are located in Milwaukee ( BMO Harris Financial Center ), at 770 North Water Street, and Indianapolis ( BMO Plaza ). In 2017, the bank began construction of a 25-story BMO Tower at North Water and East Wells, adjacent to its current Milwaukee headquarters. The bank expects to occupy 123,000 square feet (11,400 m) of

570-462: The bank's mascot character, Hubert the Lion. In 1960, a 23-story structure was added to the east with the address of 111 West Monroe. In 1974, a second 38-story tower was added to the west, with the address of 115 South LaSalle Street. Both additions were designed by the firm of Skidmore, Owings and Merrill and are in the modern style. The bank uses the address of the 1960 building. In December 2018,

600-470: The building beginning in December 2019. In August 2017, BMO sold the 20-story structure it currently occupies to real estate firm Irgens, which plans to remodel and lease it. BMO owns corporate naming rights to the following: BMO Bank is a sponsor of: Colloquialism A specific instance of such language is termed a colloquialism. The most common term used in dictionaries to label such an expression

630-534: The company completed its acquisition of General Electric Capital Corp.'s transportation finance business. BMO was the bank with the second-most deposits in Chicago by June 2018, with 11.5% market share. Also, that month, its BMO Harris division was operating in eight states in the US. In December 2021, Bank of Montreal agreed to purchase Bank of the West with the intent on merging it with BMO Harris Bank, which would at least double its U.S. presence. The acquisition of Bank of

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660-479: The company increased its presence in the U.S. through a series of acquisitions of other banks, such as Suburban Bancorp in 1994, Marshall & Ilsley in 2011, and Bank of the West in 2023. Coinciding with the Bank of the West merger, the U.S. bank announced that it would retire the "BMO Harris Bank" brand in favor of the global "BMO" brand of its Bank of Montreal's parent financial services corporation. In 1882, Norman Wait Harris established N.W. Harris & Co.,

690-411: The independent directors of BancWest Bancorp established a special committee that then unanimously voted to accept BNP's offer to acquire the remaining 55% of BancWest Bancorp, making the holding company a wholly owned subsidiary of BNP. The year 2001 concluded with the December purchase by Bank of the West of United California Bank from Japan's UFJ Bank . In March 2004, Bank of the West announced

720-534: The integration with Bank of the West is completed. BMO is one of the largest banks in the Midwest with over 600 branches and approximately 1,300 ATMs in Illinois, Iowa, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, Florida and California. It is the second-largest Chicago-area bank based on market share, behind JPMorgan Chase , and the second largest US subsidiary of a Canadian bank after TD Bank, N.A. (owned by

750-419: The language used by people who work in a particular area or who have a common interest. Similar to slang, it is shorthand used to express ideas, people, and things that are frequently discussed between members of a group. Unlike slang, it is often developed deliberately. While a standard term may be given a more precise or unique usage amongst practitioners of relevant disciplines, it is often reported that jargon

780-450: The now-called BNP Paribas's (BNPP) ownership of the holding company to fall to 45%. BNPP also agreed not to increase its ownership of the bank holding company before November 2001. In 1999, Bank of the West bought Sierra West Bancorp. This transaction temporarily diluted BNP's ownership of the holding company to 42%. In 2001, as part of the regulatory approval process with Wells Fargo Banks's acquisition of First Security Corp. , Bank of

810-510: The purchase of Community First Bankshares, a bank holding company that operated Community First National Bank, headquartered in Fargo, North Dakota , which had 155 offices in 12 states: Arizona , California, Colorado , Iowa , Minnesota , Nebraska , New Mexico , North Dakota , South Dakota , Utah , Wisconsin , and Wyoming . Soon after, Bank of the West agreed to buy USDB Bancorp, the parent of Union Safe Deposit Bank . In December 2005, Bank of

840-490: The renamed BMO Bank, N.A. by September 5. Bank of the West began as Farmers National Gold Bank of San Jose , California , in 1874. When all bank notes became convertible to gold or silver in 1880, the bank converted from a gold national bank and changed its name to the First National Bank of San Jose, California. In 1970, Banque Nationale de Paris (BNP) established the French Bank of California. Later that decade, First National Bank of San Jose changed its name to Bank of

870-493: Was acquired by U.S. Bancorp and had to divest certain assets, due to the number of preexisting branches of U.S. Bank in the region. Three years later, in 1998, BNP and First Hawaiian Inc., the parent of First Hawaiian Bank and Pacific One Bank, created a company under the BancWest Bancorp name to hold Bank of the West and First Hawaiian Bank, with Bank of the West absorbing Pacific One. The creation of BancWest Bancorp caused

900-407: Was the 15th largest bank in the United States by total assets . The bank was founded in Chicago in 1882 as N.W. Harris & Co. by Norman Wait Harris before changing its name to Harris Trust and Savings Bank in 1907, and then Harris Bank in 1972. After the Bank of Montreal acquired the company in 1984, it eventually became branded as BMO Harris Bank by 2011. Under the Bank of Montreal's ownership,

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