Virtual| Jul 14, 2022
Public Meeting on Proposed Bank of Montreal Acquisition of Bank of the West
The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) will hold a joint public meeting on the proposal by Bank of Montreal, Montreal, Canada, and BMO Harris Bank National Association, Chicago, to acquire BancWest Holding Inc. and Bank of the West, both of San Francisco.
The purpose of the public meeting is to collect information from a wide range of stakeholders as the agencies evaluate the proposed applications. By law, the agencies are required to evaluate the convenience and needs of the communities to be served by the combined organization; the insured depository institutions’ performance under the Community Reinvestment Act; competition in the relevant markets; the effects of the proposal on the stability of the U.S. banking or financial system; the financial and managerial resources and future prospects of the companies and banks involved in the proposal; and the effectiveness of the companies and banks in combatting money laundering activities.
The public meeting will be held virtually on July 14, 2022, at 11:00 a.m. EDT. Members of the public seeking to present oral comments must register by 12:00 p.m. EDT on June 23, 2022, through the online registration webpage. Further information and requirements to present, as well as information to register to view the public meeting, are available in the attachment from the agencies.
Virtual | July 14, 2022
11:00 a.m. Eastern
Federal Register Notice (PDF)