Aggregated News From Investment Management Regulators

OCC Announces Approval of Bank of the West – BMO Harris Bank, National Association Merger

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The Office of the Comptroller of the Currency (OCC) today approved the merger of Bank of the West, San Francisco, into BMO Harris Bank, National Association, Chicago.

The resulting institution is expected to have $256.0 billion in total assets, making it the 13th largest commercial bank in the United States.

The approval follows the consideration of public comments submitted in writing and expressed during a public meeting conducted on July 14, 2022, in conjunction with the Board of Governors of the Federal Reserve System. Today’s announcement reflects the OCC’s careful consideration of the effect of the Bank of the West and BMO Harris Bank merger on communities, the banking industry, and the U.S. financial system.

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This news item was originally published by the Office of the Comptroller of the Currency (OCC US). For more information, see the Source Link.

Regulator Information

Abbreviation: OCC
Jurisdiction: United States

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