BMO Financial Group completed the acquisition of Bank of the West from BNP Paribas for $16.3bn.

BMO Financial Group, a Canadian multinational investment bank and financial services company, completed the acquisition of Bank of the West, a regional financial services company, from BNP Paribas, a French international banking group, for $16.3bn. "With the strength of our performance and our integrated North American foundation, we have never been better positioned to take this next step in our growth strategy and to deliver for the new customers and colleagues we look forward to welcoming to BMO. This acquisition will add meaningful scale, expansion in attractive markets, and capabilities that will enable us to drive greater growth, returns and efficiencies," Darryl White, BMO Financial Group CEO. On January 17, 2023, BMO received all regulatory approvals.