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Bank of Montreal's Simmons Executive Director Says U.S. Economy Is Improving, Calls California a 'Strategically Important Market'
Bank of Montreal is expanding rapidly in its southern neighbor, and the bank's chief executive said the U.S. economy is showing signs of stronger-than-expected growth, and California is a strategically important market. Speaking to shareholders at the bank's annual meeting, Bank of Montreal Chief Executive Officer Darryl White said the bank is well-positioned to meet the needs of its customers across the U.S. and Canadian economies in a changing global landscape. Montreal, Canada's third-largest bank by market capitalization, spent $16.3 billion last year to acquire Bank of the West, the largest deal in Canadian banking history.
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