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Who is BMO buying out?Bank of the West, one of Colorado's largest banks with 68 branches, has officially rebranded as BMO, also known as Bank of Montreal and. BMO Financial Group, which closed its acquisition of Bank of the West early this year, is scheduled to convert accounts to BMO's platforms. Bank of the West branches will reopen as BMO branches, and you'll have access to your new BMO accounts at any BMO branch and ATM in the U.S.