Le Lézard
Classified in: Business
Subject: CXP

BMO Financial Group Opens Commercial Banking Office in Los Angeles, California


LOS ANGELES, Feb. 6, 2020 /CNW/ - BMO Financial Group today announced the opening of a new commercial banking office in Los Angeles, California. The team will be focused on providing businesses in Southern California with access to BMO's full array of industry expertise, financial solutions and capabilities, complemented by the local market knowledge provided by team leader Tom Jennings and his team.

"While we've been operating in Southern California for years, this will represent our first commercial banking office in Los Angeles," said Ray Whitacre, U.S. Head, Diversified Industries, BMO Harris Bank. "Many of the companies headquartered in California have a significant presence in Canada, and we can offer them cross-border expertise that our competitors cannot match."

"The opening of a new commercial banking office in Los Angeles is another sign that we're delivering on our North American commercial banking strategy," said David Casper, U.S. CEO, BMO Financial Group. "We've been serving the needs of business customers for over 200 years, and with Tom Jennings at the helm, we have an exceptionally strong, local leader who will help us grow our business and serve business customers throughout the state.

BMO already has close to 20 commercial bankers in nearby Irvine, the majority focused on franchisees, as well as commercial real estate, dealership finance, asset-based lending and food & consumer. Furthermore, BMO has a media finance group that's focused on leveraging BMO's leading cross-border capabilities to service the media and entertainment space. 

"I'm an entrepreneur at heart, and I look forward to building the BMO brand here in Southern California," added Jennings, who brings over 16 years of experience in corporate banking, capital markets, mid-market banking and private banking to the role.

About BMO Financial Group

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $852 billion as of Oct. 31, 2019, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

SOURCE BMO Harris Bank


These press releases may also interest you

at 07:05
Syngenta Group today announced financial results for the fourth quarter and full year 2023. Syngenta Group sales for full year 2023 were $32.2 billion, down $1.2 billion or 4 percent year-on-year (-1% CER). Full year EBITDA decreased 18 percent...

at 07:00
Scrum Ventures, a San Francisco and Tokyo-based early-stage venture capital firm, announced that NBA Champion and entrepreneur Kyle Kuzma, will join the fund as an advisor....

at 07:00
Operation HOPE announced today that "FINANCIAL LITERACY FOR ALL," the latest book by its Founder and CEO John Hope Bryant, has reached #1 on Amazon for Economics, prior to its April 16, 2024 release. From the best-selling author of "Up from Nothing,"...

at 06:37
According to a Department of Justice press release, a South Carolina man was recently sentenced to serve time in federal prison after a criminal tax conviction. This story should serve as a reminder that the consequences of intentionally dodging tax...

at 06:17
NEI Global Relocation's latest whitepaper, "2024 Relocation Trends | Manufacturing," provides a compelling look into how innovative relocation strategies are crucial for the manufacturing sector's talent acquisition and retention efforts. This comes...

at 06:13
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") , one of the largest and most innovative solar module manufacturers in the world, today announced that since March 20, 2024, the Company has repurchased 788,178 American depositary shares...



News published on and distributed by: