Wednesday, December 28, 2022
BMO is proud to announce it has been named Newsweek's "Best Big Bank 2023" in Wisconsin. The award reflects BMO's commitment to helping customers make real financial progress and the bank's commitment to supporting a thriving economy, sustainable future and inclusive society – inspired by its Purpose to Boldly Grow the Good in business and life.
Newsweek, in collaboration with LendingTree, designates award winners by evaluating more than 4,900 banks and credit unions. To win Best Bank for a state, an organization needs to have at least one branch per 100,000 residents and manage at least $10 billion in assets. BMO proudly has 148 branches serving Wisconsin customers and communities. Banks were also evaluated on the overall health of the bank, customer performance and features, digital and branch presence, account and loan options, interest rate offerings and fees.
"This honor is a testament to BMO's commitment to helping customers make long-term financial progress. Even in challenging economic times, we ensure we are providing excellent advice, guidance and convenience to our customers," said Anthony Hudson, Head, Wisconsin Retail Banking, BMO. "Whether it's through digital innovation that makes money management easier, or a face-to-face conversation in our branches, or our work throughout Wisconsin's communities – BMO strives to be the best team in banking for our customers."
Newsweek's annual list helps Americans find a financial institution that best serves the needs of customers with quality services and low fees.
In June of this year, BMO announced it would reduce its consumer and small business banking fees by eliminating both non-sufficient funds (NSF) and overdraft transfer fees, and significantly reduce overdraft fees. The fee changes are part of BMO's broader low and no-cost offerings to help customers achieve their financial goals, including:
BMO is also committed to supporting the delivery of critical programs in Wisconsin communities as part of BMO EMpower 2.0, the bank's five-year, $40 billion commitment to local communities to address barriers faced by minority businesses, communities and families. The plan builds upon the bank's previous $5 billion EMpower commitment to an inclusive economic recovery. BMO's recent commitments in Wisconsin include:
To learn more about BMO's products and services, visit: www.bmoharris.com/main/personal.
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 $1.14 trillion as of October 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 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
Lucas Seiler, U.S. Personal and Business Banking
[email protected]; 312-340-8576
SOURCE BMO Financial Group