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Amcore Bank
BMO Bank, N.A. ( colloquially BMO; ) is an American national bank that is headquartered in Chicago, Illinois. It is the U.S. subsidiary of the multinational investment bank and financial services company Bank of Montreal, which owns it through the holding company BMO Financial Corporation (formerly Bankmont Financial Corporation, then Harris Financial Corporation). , it was the 8th largest bank in the United States by total assets. The bank was founded in 1882 as N.W. Harris & Co. before changing its name to Harris Trust and Savings Bank in 1907, and then Harris Bank in 1972. After the Bank of Montreal acquired the company in 1984, it eventually became branded as BMO Harris Bank by 2011. Under the Bank of Montreal's ownership, the company increased its presence in the U.S. through a series of acquisitions of other banks, such as Suburban Bancorp in 1994, Marshall & Ilsley in 2011, and Bank of the West in 2023. Coinciding with the Bank of the West merger, BMO announced that it w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suburban Bancorp
Suburban Bancorp, Inc. was a publicly traded multibank holding company headquartered in suburban Chicago. It was founded by Gerald F. Fitzgerald, father of former U.S. Senator Peter Fitzgerald, and majority owned by the Fitzgerald family. Bank of Montreal acquired Suburban Bancorp, Inc. by merger in 1994. Harris Bankmont, Inc., an American subsidiary of Bank of Montreal, merged with Suburban Bankcorp to expand the Harris Bank presence in the Chicago area. The all-stock deal was valued at $246 million. History Gerald F. Fitzgerald started the network of banks that became Suburban Bancorp in 1961 when he acquired two institutions in the Chicago suburbs, Lake Villa Trust and Savings Bank and the Palatine National Bank. He founded five Chicago area banks ''de novo'' and purchased many others, ultimately assembling 13 banks with 30 locations in Cook, Lake, McHenry, DuPage and Kane County, Illinois. Most carried the ''Suburban'' name and all carried a maple leaf logo. At the time, Illi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suburban Bancorp, Inc
A suburb (more broadly suburban area) is an area within a metropolitan area, which may include commercial and mixed-use, that is primarily a residential area. A suburb can exist either as part of a larger city/urban area or as a separate political entity. The name describes an area which is not as densely populated as an inner city, yet more densely populated than a rural area in the countryside. In many metropolitan areas, suburbs exist as separate residential communities within commuting distance of a city (cf "bedroom suburb".) Suburbs can have their own political or legal jurisdiction, especially in the United States, but this is not always the case, especially in the United Kingdom, where most suburbs are located within the administrative boundaries of cities. In most English-speaking countries, suburban areas are defined in contrast to central or inner city areas, but in Australian English and South African English, ''suburb'' has become largely synonymous with what i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfort, Illinois
Frankfort is a village in Will County, Illinois, United States, with a small portion in Cook County. Per the 2020 census, the population was 20,296. According to Forbes.com, in 2007 the village ranked as the 36th fastest growing suburb in the United States. Frankfort is a suburb of Chicago. The Village is home to a park called Commissioners Park and some schools like Lincoln-Way East High School and Dr. Julian Rogus School. Name The name "Frankfort" was taken from Frankfort Township designated by the governing board of Will County. It was commonly known as "Frankfort Station" after the opening of the Joliet & Northern Indiana Railroad through the township in 1855, though the official plat of the community dated March 1855 shows the name as "Frankfort". Property deed abstracts and railroad documents also show that the name was always Frankfort. Local residents incorporated Frankfort as a village in 1879. It also has some reference to the major German city of Frankfurt. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libertyville, Illinois
Libertyville is a village in Lake County, Illinois, United States, and a northern suburb of Chicago. It is located west of Lake Michigan on the Des Plaines River. The 2020 census population was 20,579. It is part of Libertyville Township, Lake County, Illinois, Libertyville Township, which includes the village, neighboring Green Oaks, Illinois, Green Oaks, and portions of Vernon Hills, Illinois, Vernon Hills, Mundelein, Illinois, Mundelein, unincorporated Waukegan, Illinois, Waukegan and Lake Forest, Illinois, Lake Forest, and part of Knollwood, Illinois, Knollwood CDP. Libertyville neighbors these communities as well as Gurnee, Illinois, Gurnee to the north and Grayslake, Illinois, Grayslake to the northwest. Libertyville is about 40 miles north of the Chicago Loop and is part of the United States Census Bureau's Chicago combined statistical area (CSA). Geography Libertyville is located at . According to the 2010 census, the village has a total area of , of which (or 96.28%) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Batavia, Illinois
Batavia () is a city mainly in Kane County and partly in DuPage County in the U.S. state of Illinois. Located in the Chicago metropolitan area, it was founded in 1833 and is the oldest city in Kane County. Per the 2020 census, the population was 26,098. During the latter part of the 19th century, Batavia, home to six American-style windmill manufacturing companies, became known as "The Windmill City." Fermi National Accelerator Laboratory, a federal government-sponsored high-energy physics laboratory, where both the bottom quark and the top quark were first detected, is located just east of the city limits. Batavia is part of a vernacular region known as the Tri-City area, along with St. Charles and Geneva, all western suburbs of similar size and relative socioeconomic condition. cheetz, George H."Whence Siouxland?" ''Book Remarks'' ioux City Public Library May 1991. History Batavia was settled in 1833 by Christopher Payne and his family. Originally called Big Woods for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrington, Illinois
Barrington is a village in Cook County and Lake County, Illinois, United States. The population was 10,722 at the 2020 census. A northwest suburb of Chicago, the area features wetlands, forest preserves, parks, and horse trails in a country-suburban setting. Barrington is part of the Chicago metropolitan area and serves as the hub of activity for the surrounding region which consists of six independent villages, including North Barrington, South Barrington, Barrington Hills, Lake Barrington and Tower Lakes, as well as small portions of Carpentersville, Deer Park, Hoffman Estates, Fox River Grove, Port Barrington and Inverness. The village's motto is "Be Inspired". History Early history The original settlers of the Barrington area were the indigenous peoples of the Native American Prairie Potawatomi or Mascoutin tribes, which later divided into the Potawatomi, Chippewa, and Ottawa tribes. Many local roads still in use today, including Algonquin Road, Rand Road, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Largest Banks In The United States
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of June 30, 2022 per the Federal Financial Institutions Examination Council; their market capitalization is also shown. This list does not include some large commercial banks, which are not holding companies. As of December 31, 2021, there were 4,231 commercial banks in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$22.2 trillion in assets In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value .... Banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council, because they are not holding companies, are as follows:. * First Republic Bank (US$, $197.91 billion in assets) * Signature Bank ($ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Association (Banking)
In banking, the term national bank carries several meanings: * a bank owned by the state * an ordinary private bank which operates nationally (as opposed to regionally or locally or even internationally) * in the United States, an ordinary private bank operating within a specific regulatory structure, which may or may not operate nationally, under the supervision of the Office of the Comptroller of the Currency. In the past, the term "national bank" has been used synonymously with "central bank", but it is no longer used in this sense today. Some central banks may have the words "National Bank" in their name; conversely if a bank is named in this way, it is not automatically considered a central bank. For example, National Bank of Canada of Montreal, Canada, is a privately owned commercial bank. On the other hand, National Bank of Ethiopia is the central bank of Ethiopia and National Bank of Cambodia is the central bank of Cambodia. By country Afghanistan Pashtany Bank is th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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