Update on Bank of West combining with BMO bank
MERGER APPROVED / CLOSING TRANSACTION IN FEBRUARY / MERGE IN SEPTEMBER
In December 2021, I shared the announcement that our parent company, BNP Paribas, reached an agreement for Bank of the West to combine with BMO, a leading North American bank. I’m pleased to announce that banking regulators have approved the transaction, and we expect it to close the first week of February this year. Once this happens, you will receive more information from Bank of the West and BMO about the new combined organization and what it means for you or your business. This is good news for all our customers, as our combination with BMO will empower us to grow and serve you better than ever.
Growing stronger together
Having met with the BMO team over the last several months, I’m very excited for the future. It’s clear BMO is a kindred spirit whose leaders share in our commitment to progress for customers, communities, and the planet. Coming together will strengthen our ability to play a leading role in doing well by doing good.
Continue banking as usual
Until BMO and Bank of the West combine operations, which we anticipate will be completed over Labor Day weekend later this year, the two organizations will continue operating as separate companies, and it will be banking as usual. There are no changes to your account(s). All Bank of the West branches remain open, and the same experienced, banking team will be available to support all your personal, business and commercial banking, as well as wealth management needs.
Thank you for your continued business and support. We look forward to serving you better than ever as part of the BMO family.
………………Nandita Bakhshi
President and Chief Executive Officer of Bank of the West
Co-Chief Executive Officer of BNP Paribas USA Inc.
