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What country owns BMO?Royal Bank of Canada is the largest of the Big Five. In its second quarter report, Royal Bank of Canada recorded total net assets under management of CA$1. Serving customers for years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. As of March , it was the 15th largest bank in the United States by total assets. BMO Bank, N.A. U.S. The bank was founded in Chicago in as N.W.