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Open BMO Bank Account Online - Bank Of Montreal Sign Up top.bankruptcytoday.orgBMO Financial Group says it has received all of the regulatory approvals required to complete its agreement to buy California-based Bank of the West from. The Federal Reserve Board on Tuesday announced its approval of the application by Bank of Montreal, of Montreal, Canada, and BMO Financial Corp. It completed the acquisition on February 1 of and scheduled the conversion for Labor Day weekend seven months later.