Combined, the banks would have some $870bn in assets

Platform & Publishing Editor

BNP Paribas said on 20 December that it has agreed to sell Bank of the West to Bank of Montreal’s BMO Financial Group for a total consideration of $16.3bn in cash.

The sale represents all of BNP Paribas’s retail and commercial banking activities in the US Some 70% of Bank of the West’s deposits are in California.

BNP Paribas agrees to $16.3bn sale of Bank of the West to BMO Financial Group

Bank of Montreal in talks to acquire BNP Paribas’ Bank of the West

Cristina Roca

BMO Financial Group

BNP Paribas

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https://images.fnlondon.com/im-84247389?size=0.8

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