Sacramento, Calif. – The California Manufacturers & Technology Association (CMTA) today announced BMO as a new member, welcoming a global financial institution with extensive experience serving manufacturers.
BMO is a highly diversified financial services provider offering personal and commercial banking, wealth management, global markets, and investment banking products and services. Backed by industry expertise, BMO works with manufacturing businesses to provide strategic guidance and comprehensive financial solutions that support growth and help companies stay ahead of the competition.
“Access to the right financial partner can make or break a manufacturer’s ability to grow, invest, and compete,” said Lance Hastings, President & CEO of CMTA. “BMO understands the unique capital and operational needs of manufacturing businesses, and that kind of industry knowledge is a real asset to our members. We look forward to the resources and insight BMO will bring to CMTA’s network.”
“At BMO, we see manufacturing not just as a sector we serve, but as a driver of building stronger communities and jobs across California,” Tony Sciarrino, Head, U.S. Commercial Bank, BMO. “Joining CMTA gives us a direct line to the leaders shaping this industry, and we’re excited to work with CMTA’s members and support their continued growth.”
As California manufacturers navigate rising costs, evolving supply chains, and capital-intensive growth plans, having trusted financial partners is more important than ever. BMO’s addition to CMTA connects members with an institution well-versed in the financial realities of running a manufacturing business in California.
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About CMTA
The California Manufacturers & Technology Association (CMTA) has advocated for pro-growth laws and regulations before the California legislature and administrative agencies since 1918. The total output from manufacturing in California is $382 billion per year, roughly 10 percent of the total economic output of the state. Manufacturers employ 1.2 million Californians paying wages more than $25,000 higher than other non-farm employers in the state. For more information, visit CMTA’s website.
About BMO
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of July 31, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.