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BMO's unstoppable growth momentum in the U.S.BMO will acquire Bank of the West for a cash purchase price of $ billion or $ billion net of estimated $ billion of excess capital (at closing) at. BMO officially completed the acquisition of Bank of the West on February 1, , and the conversion to the BMO system occurred over Labor Day Weekend (starting. BMO Financial Group, and its subsidiaries, BMO Financial Corp. and BMO Harris Bank NA, were given approval to complete the acquisition of Bank of the West.