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Why BMO Stock Is A HUGE Buy Right NowBank of Montreal has received approval from the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-. Bank of Montreal agreed in December to buy BNP Paribas' US unit, Bank of the West, for $ billion in its biggest deal ever. BMO's acquisition of Bank of the West brings nearly million customers to BMO and extends its banking presence through more than additional branches.