Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Bank Of Montreal Eyeing US For Acquisitions
April 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Canada's fifth-largest bank, Bank of Montreal (BMO), expects there to be acquisition opportunities in the US caused by the current economic environment. On April 15, Ellen Costello, chief executive of Harris Bankcorp, BMO's US unit, stated that 'there will be more opportunities at better prices than in the past and we are monitoring these very closely' and that acquiring US banks was a 'key priority'. BMO Chief Executive Bill Downe also expects consolidation in the US market and has commented that some of the banks that have been hurt by exposure to the real estate market 'will be good fits