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111 West Monroe Street
Chicago, IL 60603

BMO Harris Bank is headquartered in Chicago and is the 2nd largest bank in the state of Illinois. It is also the 25th largest bank in the nation. It was established in 1947 and as of March of 2014, it had grown to 12,599 employees at 705 locations. BMO Harris Bank has a B+ health rating.

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Reviews (7)


Do not be fooled by BMO Harris advertising.  You can't trust what they tell you.  I had a line of credit set up with them for years for 150 k.  Their account rep assured that it would be renewed without any problems.  After several attemps to get it renewed they turned around, with no explaination and shut my company off.  They demanded payment right away and then proceeded to clear out my company and personal assets with no explaination.  They eventually forced my company out of business and me into personal bankruptcy.

If you are looking for an impersonal bank who doesn't care about it's customers, then BMO Harris is the bank for you.  On the other hand if you are looking for a bank that will lend you a hand, go any where else but BMO Harris.


Terrible Service

I have now had several opportunities to interact with Harris or BMO Harris and bottom line is they are about as personal as a firing squad. I will NEVER bank with this organization. They made me wire, for a fee, funds to close on a house and would not take a cashiers check. When my mother died she had a line of credit out. The day she passed they closed the line and immediately charged fees and interest with no opportunity to pay it off. The would not even tell you the amount until you jumped through hoops. Please, Please, for your own benefit, bank anywhere but here.

Service Levels Falling

My family has many accounts with Harris (over 9) We use to have our mortgage through them as well. For 2 years we have been trying to refinance. we have a upper 700 credit rating. But 2 years they strong us along. a friend referred me to a broker who was able to get it done within 45 days with an amazing rate.

We also experience issue with customer service. You can never reach anyone on the phone to get assistance. Even for something sinple. You go into the branch and they cant even get ahold of their support.... seriously dont waste your time.....


BMO Banking By Morons

I have been with this bank for over 16 years now with my current account. Since BMO has taken over M&I the service has plummeted, while the charges and incompetency have increased. Their onine account information is inaccurate by their own supervisor's admission, so why then do they promote it. Everything is done "automatically by computer," but who programs and inputs information into those computers? There are constantly charges appearing on my account, and transactions after normal business hours, who ever heard of transactions occurring around midnight, while my deposits and transactions always seem to be delayed. Moreover, their check system is archaic, and most of the time now my parents can't even use checks at many businesses like Walmart and Petsmart, and neither bank nor business seems to know why. "Well, there might be problems integrating into the U.S. Banking system;-(" There is constant turnover of employees, and the ones that are there are too busy socializing to help the customers, or are downright rude. The Bank may be run by morons, but I won't be one that continues to use them.

BMO Harris Review

I have been banking with BMO Harris (previously M&I) for about ten years now, and I don't have a whole lot of negative things to say. Every time I walk into the bank I always feel welcomed and wanted. The tellers are extraordinary at their jobs, and make me feel appreciated as a customer. I also really like the mobile app that BMO has, as it is extremely user friendly. My favorite part of the app and bank is that I can do a mobile deposit on my checks that I receive, and they have an extremely fast approval time so that I don't even have to go to the bank if I don't have time.

Screwed Again By BMO HARRIS BANK

I banked with M&I BANK for 20+ years and never had a problem. Then they were acquired by BMO HARRIS and it all went down hill.

In the past I spent four hours on the phone with BMO HARRIS due to a compromised account at their bank. Their security department told me what to do and what I needed the local branch to do. I went to the branch and they refused to take the action I was told to have them take. Whet back the next day and complained to the manager who stated they have had other complaints about the person who was taking care of me. So, why is he still there? That next day they took the actions that they were instructed to by their own security department and told me if there was any thing else to come directly to the branch manager. Accounts were closed because of the fact they had been compromised. Other accounts were left open.

One of the accounts left open was a home equality line of credit which had a balance. A few months ago I paid off that balance. Last month I created a new balance because I needed some quick cash. All payments have always been on time and the high four figure balance was paid in full as I said. Today I receive a letter in the mail stating they will be closing this account and that it needs to be paid in full by September 2014. They are willing to reopen a new account at a much higher interest rate if that helps me out.

I have had nothing but a string of bad experiences since M & I Bank was acquired by BMO Harris. I'm done with them. Going back to the local credit unions who want and appreciate your business. Hoping they go back to Canada!

Great Customer Service For 3 Years

Never have had an issue with opening/closing accounts


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 BMO Harris Bank had $1.4 billion in non-current loans and owned real-estate with $15.68 billion in equity and loan loss allowances on hand to cover it. This gives BMO Harris Bank a Texas Ratio of 8.95% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for BMO Harris Bank decreased dramatically from 15.58% as of March 31, 2013 to 8.95% as of March 31, 2014, resulting in a positive change of 42.56%.This indicates that the balance sheet and financial strength for BMO Harris Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, BMO Harris Bank has decreased its total deposits by -$4.96 billion, resulting in -6.32% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth BMO Harris Bank has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. BMO Harris Bank has $94.22 billion in assets with $15.68 billion in equity, resulting in a capitalization level of 16.64%, which is excellent.

Institution Statistics

FDIC Certificate #16571
Year Established1947
Primary RegulatorOCC
Assets and Liabilities
Assets$94.22 billion
Loans$52.88 billion
Deposits$73.51 billion
Equity Capital$14.89 billion
Loan Loss Allowance$788.50 million
Unbacked Noncurrent Loans$1.31 billion
Real Estate Owned$95.26 million
Historic Data - March 2013
Assets$98.72 billion
Equity Capital$14.30 billion
Loan Loss Allowance$793.94 million
Unbacked Noncurrent Loans$1.31 billion
Real Estate Owned$214.93 million
Profit Margin - Quarterly
Return on Assets0.52%
Return on Equity3.25%
Interest Income$628.09 million

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BMO Harris Bank has 697 locations. Click to view all BMO Harris Bank locations.