Expanding across Canada through acquisition

BMO expanded its branch network across Canada, in part, by acquiring and merging with smaller regional banks.

Sometimes the motivation was to gain entry into a market. At other times, the reputation of the Canadian banking system might have been at stake, due to struggling or failing banks. In those cases, as the senior Canadian bank, Bank of Montreal often felt a responsibility to ensure the smooth operation and the good reputation of the system itself. Sometimes the move to acquire a bank was simply a competitive impulse, or to forestall the arrival of unwanted or undesirable players in the market.


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