Bank of Montreal Establishes Tech Hub in Irving to Fuel U.S. Expansion

The Bank of Montreal is establishing a tech hub in Irving to help it gain a firmer foothold in the U.S.

“As we move further away from Canada, we have to spend more time building the brand,” said Sidney Deloatch, chief information and operations officer of commercial banking at BMO.

The Montreal-based company, which has its U.S. headquarters in Chicago, thinks it will soon have more branches in the U.S. than in Canada.

BMO, which has been around for over 200 years and has about $820 billion in assets, hired consulting firm EY to scout out the best city in the U.S. to anchor its tech force. EY landed on North Texas, which beat out other top picks like Charlotte and Atlanta, Deloatch said.

“The drivers behind Dallas were that it’s the fastest growing tech hub in the U.S., it will soon be the third largest city in the U.S. and we already have a big presence in Dallas that many people don’t know about,” he said.

Read the full story at Dallas Morning News.