Children playing in the Madison Heights community playground in Avondale, Arizona. BMO provided construction loans for this public housing community

BMO Harris recognized by U.S. Government for service to low- to moderate-income communities


BMO Harris Bank has received an “Outstanding” Community Reinvestment Act (CRA) rating for our work during the 2017-2019 exam period, placing it among the top 8 percent of U.S. banks.

CRA is a federal regulation that encourages banks to meet the needs of entire communities through lending, investment and service, paying special attention to those who are most vulnerable. At BMO, our CRA commitments are an opportunity to work to remove barriers to inclusion for those in low- to moderate-income communities.

CRA is a federal regulation that encourages banks to meet the needs of entire communities through lending, investment and service, paying special attention to those who are most vulnerable. At BMO, our CRA commitments are an opportunity to work to remove barriers to inclusion for those in low- to moderate-income communities.

Here are just a few ways BMO impacts our communities through our CRA program in 2019:

  • $440 million in mortgages to low-and moderate-income individuals or geographies
  • $154 million dollars has been invested in our communities through bonds, other investment vehicles and grants
  • $680 million in community development loans, targeted to affordable housing, economic development and community services
  • 5,500 hours volunteered by BMO employees with non-profits that help our most vulnerable communities

Learn more about BMO’s community reinvestment activities and read our latest Community Impact Review.



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