Banking Dive: BMO, community groups square off at merger hearing

Banking Dive, July 15, 2022, BMO, community groups square off at merger hearing

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Jesse Van Tol, CEO of the National Community Reinvestment Coalition (NCRC), warned the merger may amp up concentration in the banking sphere.

“The largest banks in the country were built one acquisition at a time through combinations just like this one,” he said, according to the Financial Post.

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