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News Release 2023-8 | January 17, 2023

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

WASHINGTON—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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