Today is the day that all M&I Bank branches officially become re-branded as BMO Harris Bank. So what does the BMO stand for?
Officially, the name - which is pronounced as "BEE-mo," not as "Bee-Em-Oh" - is no longer an acronym for anything. Instead, BMO is short for BMO Financial Group, the Canada-based parent company of BMO Harris Bank. BMO also serves as the company's stock ticker on the New York Stock Exchange.
BMO started out life in 1817 as the Bank of Montreal, so the letters are derived from the bank's original name.
BMO Financial Group bought M&I in July 2011. BMO then combined M&I with Harris Bank, a banking system the group had acquired in 1984, to create BMO Harris Bank. As a whole, BMO Financial Group has total assets of $542 billion and employs more than 46,000 people.
Once the re-branding is complete, there will officially be 208 BMO Harris Bank branches in Wisconsin and more than 600 throughout the U.S.
What do you want to know? Email your questions to firstname.lastname@example.org.
Your link to the biggest stories in the suburbs delivered Thursday mornings.
Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter Get the Newsletter!
- Steinhafels distribution center expansion on horizon
- News briefs: New degree path at UW-Waukesha
- Coolidge Avenue apartment owners sue the City of Waukesha
- Funeral Services: Nov. 27, 2014
- Waukesha Business Briefs: Health center lauded, Shorewest honored, more
- Waukesha's Kmart redevelopment could give East Sunset Drive a commercial boost
- Waukesha adjusts timeline for Great Lakes water, won't meet radium-compliance deadline
- Waukesha Police Report: Nov. 27, 2014 issue
- Despite concerns, Waukesha Downtown Business Association will continue to lead farmers market
- Waukesha Community Briefs: HAWS events, holiday events and more