BMO Harris Bank NA, founded in 1882 and headquartered in Chicago, Illinois, serves as a prominent financial institution in the United States, offering a comprehensive range of banking products and services aimed at personal and commercial customers. The bank is a wholly owned subsidiary of BMO Financial Group and provides services that include retail banking, mortgage lending, wealth management, and investment solutions.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
BMO Harris Bank has a notable history of bond issuance, with its first bonds offered in the early 2000s as part of the bank's strategy to strengthen its capital position. Significant issuances include the $500 million subordinated notes offered in 2018, which garnered considerable interest due to their competitive yields compared to industry peers. As of late 2023, the bank’s bonds are characterized by a favorable yield spread, reflecting the institution's strong creditworthiness and commitment to maintaining robust financial health.