BMO Financial Group is partnering with The Clearing House Payments Company to allow business customers in the U.S. to receive funds immediately from any sending participant bank in the Real-Time Payments network.
BMO Financial Group revealed new, five-year diversity goals to address gaps affecting Black, Indigenous, People of Color, Latino and LGBTQ2+ employees, customers and communities.
BMO Capital Markets acted as financial advisor for BMO Financial Group during the completion of its acquisition of Clearpool Group. Meanwhile, Financial Technology Partners served as financial advisor for Clearpool.
BMO Financial Group has created a new Financial Crimes Unit and has hired Larry Zelvin to lead it. Zelvin will report to Steve Tennyson, BMO chief technology and operations officer.
GE completed the previously announced sale of GE Capital, Transportation Finance in the U.S. and Canada, representing $8.9 billion of net earning assets, to BMO Financial Group.
Mark Furlong, CEO of BMO Harris Bank, and group head, U.S. personal and commercial banking, is retiring in June. Dave Casper is appointed president/CEO, BMO Harris Bank, and group head, commercial banking.
NXT Capital announced that its Equipment Finance Group closed a senior secured credit facility with BMO Financial Group and Key Equipment Finance.