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SUMMIT STATE BANK NAMES NEW BUSINESS RELATIONSHIP OFFICER


P.F. CHANG’S IS OPENING ITS 1ST LOCATION IN SONOMA COUNTY. HERE’S WHERE


WESTAMERICA KEEPS BANK’S EXPENSES ‘WELL CONTROLLED’ IN 2022


MARIN COUNTY CITY PANEL APPROVES 25-HOME PROJECT


NEW LUXURY APARTMENTS COMING TO PETALUMA’S DEER CREEK VILLAGE


NAPA VALLEY YOUTH SYMPHONY NAMES ITS NEW LEADER


DAVIS ESTATES ADDS A WINEMAKER


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BANK OF THE WEST ACQUISITION GETS REGULATORY APPROVAL


STUDY: PREMIUM WINERIES SHOULD BEWARE LOOMING ‘DEMAND PROBLEM’





BANK OF THE WEST’S $16.3 BILLION ACQUISITION GETS REGULATORY GREEN LIGHT

Bank of the West, a San Francisco-based subsidiary of BNP Paribas, has over 500
branches and offices in 24 states, including 16 in the North Bay and this one in
Pasadena, California, seen July 7, 2022. A $16.3 billion acquisition by a Bank
of Montreal subsidiary was approved by the Federal Reserve on Jan. 17, 2023.
(JHVEPhoto / Shutterstock)
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NORTH BAY BUSINESS JOURNAL
January 18, 2023, 1:42PM
Order Article Reprint


The $16.3 billion planned acquisition of San Francisco-based Bank of the West,
which has North Bay branch offices, by a Bank of Montreal subsidiary has been
received the green light by federal regulators.

The deal, announced in December 2021 and approved Tuesday by the Federal
Reserve, brings BancWest Holding Inc. under BMO Harris Bank National
Association, a Chicago-based subsidiary of the Canadian bank’s BMO Financial
Corp. The transaction is set to close Feb. 1.

It will create the 15th largest U.S. bank, with about $286.8 billion in assets,
according to the Fed. BMO said the merger would help it expand in North America,
particularly in California.

Bank of the West currently is owned by Paris-based BNP Paribas and has more than
500 branches and offices in 24 states. In the North Bay, it has 16 branches in
Napa, Solano, Marin, Sonoma and Lake counties.




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NATIONAL DISTRIBUTOR MAKES BUY OF A CALIFORNIA COMPANY


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