Well, if you only want a small thin wharncliff blade of doubtful quality, I suppose you could do it.
The problems come from the degree of hardening, the shallow depth of hardening, and the degree of softness of the blade spine.
Another problem is you said,"Bi-metal band saw blades". Bi-metal blades have the teeth impulse hardened usually, and would not make good knife material. However, if you meant, "Power hacksaw blades", then that is often a usable material. These type of blades are often of a singular material, and fully hardened.
Many folks who have access to new and used power hacksaw blades select the ones made out of something like M4, grind them in the hardened condition (usually into fillet knives), and draw the temper back to a reasonable hardness.