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BMO Financial Group and its wholly-owned Chicago-based subsidiary BMO Harris Bank N.A. announced the completion of the acquisition of General Electric Capital Corporation's Transportation Finance business. According to the company, the acquisition enhances BMO's commercial banking franchise with the addition of North America's largest financier to the truck and trailer segment.
"We're welcoming the premier Transportation Finance business in the industry into BMO Financial Group," noted David Casper, president and CEO of BMO Harris Bank, in a statement. "The trucking industry is vital to the North American economy, and we intend to...