BMO Financial Group has received all regulatory approvals required to complete the acquisition of Bank of the West which was previously owned by BNP Paribas.
The transaction is anticipated to close on 1 February 2023, ‘subject to the satisfaction of the remaining customary closing conditions set forth in the agreement,’ stated the Canadian bank. BNP Paribas said the final financial impacts of the sale will be provided on 7 February 2023, together with the publication of the bank’s 2022 Annual Results. BNP Paribas’ set up in the United States remains a strategic pillar for its development - Jean-Lauren
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