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BMO (United States)
BMO Bank, N.A. (colloquially BMO; ) is a U.S. national bank headquartered in Chicago, Illinois. It is a subsidiary of the Canadian multinational investment bank and financial services company Bank of Montreal, which owns it through the holding company BMO Financial Corporation (formerly Bankmont Financial Corporation, then Harris Financial Corporation). , it was the 15th largest bank in the United States by total assets. The bank was founded in Chicago in 1882 as N.W. Harris & Co. by Norman Wait Harris before changing its name to Harris Trust and Savings Bank in 1907, and then Harris Bank in 1972. After the Bank of Montreal acquired the company in 1984, it eventually became branded as BMO Harris Bank by 2011. 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 in 1994, Marshall & Ilsley in 2011, and Bank of the West in 2023. Coinciding with the Bank of the West merger, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Montreal
The Bank of Montreal (, ), abbreviated as BMO (pronounced ), is a Canadian multinational Investment banking, investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, making it Canada's oldest bank. In 2023, the company’s seat in the Forbes Global 2000, ''Forbes'' Global 2000 was 84. Its head office is in Montreal and its operational headquarters and executive offices are located in Toronto, Ontario, since 1977. It is commonly known by its ticker symbol BMO on both the Toronto Stock Exchange and the New York Stock Exchange. In April 2024, it had CA$1.37 trillion in total assets. The Bank of Montreal ISO 9362, swift code is BOFMCAM2 and the institution number is 001. In Canada, BMO has more than 900 branches and more than 1000 in the United States, serving over 13 million customers globally. In the United States, BMO does business as BMO Financial Group, where it has substantial operations in the Chicago area and els ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suburban Bancorp, Inc
A suburb (more broadly suburban area) is an area within a metropolitan area. They are oftentimes where most of a metropolitan areas jobs are located with some being predominantly residential. They can either be denser or less densely populated than the city and can have a higher or lower rate of detached single family homes than the city as well. Suburbs can have their own political or legal jurisdictions, especially in the United States, but this is not always the case, especially in the United Kingdom, where most suburbs are located within the administrative boundaries of cities. In most English-speaking countries, suburban areas are defined in contrast to central city or inner city areas, but in Australian English and South African English, ''suburb'' has become largely synonymous with what is called a "neighborhood" in the U.S. Due in part to historical trends such as white flight, some suburbs in the United States have a higher population and higher incomes than their near ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfort, Illinois
Frankfort is a village in Will County and Cook County in the U.S. state of Illinois. It is a southern suburb of Chicago, and is approximately 28 miles (45 km) south of the city. As of the 2020 census, the population was 20,296. Frankfort's historic downtown area contains the Frankfort Grainery, Breidert Green, and a portion of the Old Plank Road Trail, a 22-mile-long paved recreation trail. The village also contains Commissioners Park and multiple schools, including Lincoln-Way East High School, Hickory Creek Middle School, and Dr. Julian Rogus School. Name The name "Frankfort" was taken from Frankfort Township designated by the governing board of Will County. It was commonly known as "Frankfort Station" after the opening of the Joliet & Northern Indiana Railroad through the township in 1855, though the official plat of the community dated March 1855 shows the name as "Frankfort". Property deed abstracts and railroad documents also show that the name was always Fra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libertyville, Illinois
Libertyville is a village in Libertyville Township, Lake County, Illinois, Libertyville Township, Lake County, Illinois, United States. It is located west of Lake Michigan, approximately 40 miles north of the Chicago Loop. As such, it is part of the United States Census Bureau's Chicago combined statistical area (CSA). It is bordered by Gages Lake, Illinois, Gages Lake and Gurnee, Illinois, Gurnee to the north, Vernon Hills, Illinois, Vernon Hills to the south, Mundelein, Illinois, Mundelein to the west, and Grayslake, Illinois, Grayslake to the northwest. The eastern portions of the village border Mettawa, Illinois, Mettawa, unincorporated Waukegan, Illinois, Waukegan and Lake Forest, Illinois, Lake Forest, and part of Knollwood, Illinois, Knollwood CDP. Its 2020 census population was 20,579. History The land that is now Libertyville was the property of the Illinois River Potawatomi Indians until August 1829, when economic and resource pressures forced the tribe to sell much ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Batavia, Illinois
Batavia () is a city mainly in Kane County, Illinois, Kane County and partly in DuPage County, Illinois, DuPage County in the U.S. state of Illinois. Located in the Chicago metropolitan area, it was founded in 1833 and is the oldest city in Kane County. Per the 2020 United States census, 2020 census, the population was 26,098. During the latter part of the 19th century, Batavia, home to six American-style windmill manufacturing companies, became known as "The Windmill City". Fermilab, Fermi National Accelerator Laboratory, a federal government-sponsored high-energy physics laboratory, where both the bottom quark and the top quark were first detected, is located just east of the city limits. Batavia is part of a vernacular region known as the Tri-Cities, Illinois, Tri-City area, along with St. Charles, Illinois, St. Charles and Geneva, Illinois, Geneva, all western suburbs of similar size and relative socioeconomic condition.[Scheetz, George H.] "Whence Siouxland?" ''Book Remark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrington, Illinois
Barrington is a village in Cook County, Illinois, Cook and Lake County, Illinois, Lake counties in the U.S. state of Illinois. The population was 10,722 at the 2020 United States census, 2020 census. A northwest suburb of Chicago, the area features wetlands, nature reserve, forest preserves, parks, and horse trails in a country-suburban setting. Barrington is part of the Chicago metropolitan area. History Early history The original settlers of the Barrington area were the indigenous peoples of the Native American Prairie Potawatomi or Mascoutin tribes, which later divided into the Potawatomi, Ojibwe, and Odawa people, Ottawa tribes. Many local roads still in use today, including Illinois State Route 62, Algonquin Road, U.S. Route 12, Rand Road, Illinois State Route 72, Higgins Road, and St. Charles Road, were originally Native American trails. For many years, Barrington was considered part of the Northwest Territory, then the Illinois Territory. 19th century By treaty dated Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Largest Banks In The United States
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of September 30, 2024 per the Federal Financial Institutions Examination Council, along with the market capitalization of public banks. In the second quarter of 2024, there were 3,985 commercial banks and 554 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.9 trillion in assets. The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ... but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Association (Banking)
In the United States, a national bank is an ordinary private bank operating within the federal government's regulatory structure, which usually but not always operates in multiple U.S. states, and is under the supervision of the Office of the Comptroller of the Currency. Depending on the matter, it also may have to comply with some U.S. state regulations. It is legally required to be a member of the Federal Reserve System. A national bank in the U.S. is distinguished from a State bank (United States), state bank, whose permit or charter is granted by one of the U.S. states, and can only do business in that state. Overview The term ''national bank'' in the U.S. context originally referred to the American Revolution, Revolutionary War–era Bank of North America, its successor, the First Bank of the United States, or that institution's successor, the Second Bank of the United States. The first survives as an acquisition of Wells Fargo, while the others are defunct. In the modern us ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colloquialism
Colloquialism (also called ''colloquial language'', ''colloquial speech'', ''everyday language'', or ''general parlance'') is the linguistic style used for casual and informal communication. It is the most common form of speech in conversation among persons in friendship, familial, intimate, and other informal contexts. Colloquialism is characterized by the usage of figurative language, contractions, filler words, interjections, and other informalities such as slang. In contrast to formal and professional communications, colloquial speech does not adhere to grammar and syntax rules and thus may be considered inappropriate and impolite in situations and settings where etiquette is expected or required. It has a rapidly changing lexicon and can also be distinguished by its usage of formulations with incomplete logical and syntactic ordering. Definition Colloquialism is distinct from formal speech or formal writing.colloquial. (n.d.) Dictionary.com Unabridged (v 1.1). Ret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
