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Is BMO a US bank?BMO Bank, N.A. is an American national bank that is headquartered in Chicago, Illinois. It is the U.S. subsidiary of the Toronto-based multinational. More about BMO Bank: BMO Bank is headquartered in Chicago and was founded in as Harris Bank. BMO Bank's parent company is the Bank of Montreal. The Bank of. BMO Harris Bank rates % lower than U.S. Bank on Team Culture Ratings vs U.S. Bank Ratings based on looking at ratings from employees of the two companies.