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Why You Should NEVER Work With BMO Harris Bank - THE BIG RANT - The Chris and Andre ShowBank of Montreal has received approval from the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-. BMO's acquisition of Bank of the West brings nearly million customers to BMO and extends its banking presence through more than additional branches. Under the Bank of Montreal's ownership, the company increased its presence in the U.S. through a series of acquisitions of other banks, such as Suburban Bancorp.