The team is focused on providing BMO’s broad array of banking services and industry expertise to a wide variety of local industries
BMO Financial Group announced a commercial banking office in Grand Rapids, Michigan, led by BMO’s Michigan Managing Director, James Hess. Located at 250 Monroe Ave., it is comprised of five commercial bankers focused on diversified industries, equipment finance and treasury & payment solutions, all supported by BMO’s national industry sector expertise.
“Grand Rapids and the surrounding area represent a very appealing market for us given the growth potential and its proximity to our footprint in both the United States and Canada,” said Ray Whitacre, Co-Head, U.S. Commercial Banking, BMO Financial Group. “We’ve had commercial clients in Michigan for decades, but with this office we can provide the breadth and depth of BMO’s capabilities and services to our existing and prospective clients from a team of experienced commercial bankers who are based in the area and know the market well.”
Latest Fintech News: Kominfo Partners with 10×1000 Tech for Inclusion to Bring “Flex” Fintech Foundation Program to Indonesia
“BMO’s cross-border banking capabilities are a market differentiator, and considering that Canada is Michigan’s top export market, we see tremendous opportunity to serve clients doing business on both sides of the border,” added Hess.
The team will be focused on a wide variety of industries, including manufacturing, distribution, transportation, engineering and construction, food and business services.
Latest Fintech News: KKR Closes Inaugural Asia Credit Fund at US$1.1 Billion
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 $1.02 trillion as of January 31, 2022, 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.
Latest Fintech News: Paddle Acquires ProfitWell to Automate Payments Infrastructure for SaaS Companies
[To share your insights with us, please write to sghosh@martechseries.com]
