BMO announced it will lower its US dollar prime lending rate from 7.50 percent to 7.25 percent, effective September 18, 2025.
BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2025. The bank serves 13 million customers across Canada, the United States, and select global markets. BMO provides personal and commercial banking, wealth management, global markets, and investment banking services.
"Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society."
The company has been serving customers for two centuries.