Com-plete-ly

adverb - totally; utterly: the fire
completely destroyed the building |

[as submodifier] no code can be
completely secure.

 Ca-na-di-an

noun & adjective - Canada -
a country in northern North America,
the second largest country in the
world. Capital, Ottawa; languages
French and English.

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“I’m not telling you it’s booming, but it’s definitely doing better,” Mr. Massey said in an interview, as the bank formally adopted the BMO name in Indianapolis, including a sign atop its office tower in the city’s downtown.

“I think we saw the worst of it two years ago, and it’s starting to recover,” Mr. Massey said.

BMO bought M&I for $4.1-billion in a deal that closed in mid-2011. The deal marked a major expansion by the Toronto-based bank across the U.S. Midwest, an area that has fared better economically than harder hit areas like Florida or Arizona.

However, Mr. Massey said there is still softness in the business lending market in the region, a trend also seen in Canada, after companies paid down debt and boosted cash reserves during the recession.

“I would not say that loan growth has been robust,” Mr. Massey said.

Last summer, BMO attempted to boost its commercial lending business in that market by putting $5-billion (U.S.) of capital on the table to lend in the U.S. Midwest. The bank said it does not have figures yet indicating how much of those funds have been lent out to companies as part of the two-year program.

The Midwest economy, particularly around Indiana, is rooted mostly in agriculture, health care and manufacturing. BMO’s acquisition of 374 M&I branches last year more than doubled its network in the U.S. to about 700 locations, spread across several states including Wisconsin, Minnesota, Missouri, Indiana, Arizona and Florida. BMO has 900 branches in Canada. BMO first expanded to the U.S. in 1984, buying Harris Bank for $718-million (Canadian).

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