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BMO Bank of Montreal (TSX: BMO (http://www.tse.com/HttpController?GetPage=QuotesViewPage&QuoteSymbol_1=BMO)) (NYSE: BMO (http://www.nyse.com/about/listed/lcddata.html?ticker=BMO)), formerly known as simply Bank of Montreal, is Canada's oldest chartered bank. Bank of Montreal opened in Montreal, Quebec on November 3, 1817. For the first few years of its existence, the Bank occupied a small building on rue Saint-Paul. John Grey, a retired dry goods merchant, was the first President of the Bank and Robert Griffin worked as the first cashier. Bank of Montreal logo. ... The Toronto Stock Exchange (TSX) is Canadas largest stock exchange, and the division of the TSX Group that holds senior equities. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the second largest stock exchange in the world. ... This is a list of banks throughout the world. ... {{Canadian City/Disable Field={{{Disable Motto Link}}}}} Motto: Concordia Salus (Salvation through harmony) Ville de Montréal, Québec, Canada Location. ... ... November 3 is the 307th day of the year (308th in leap years) in the Gregorian Calendar, with 58 days remaining. ... 1817 was a common year starting on Wednesday (see link for calendar). ...


The Bank of Montreal served as Canada's central bank until the creation of the Bank of Canada in 1935. It played a major role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. The first Canadian bank to open a branch abroad, the Bank of Montreal is today a major international bank with 1,100 branches across Canada and around the world. The Bank of Canada Building in Ottawa The Bank of Canada is Canadas central bank. ... 1935 was a common year starting on Tuesday (link will take you to calendar). ... A transcontinental railroad is a railway across a significant portion of a continent. ... Events and Trends Technology Development and commercial production of electric lighting Development and commercial production of gasoline-powered automobile by Karl Benz, Gottlieb Daimler and Maybach First commercial production and sales of phonographs and phonograph recordings. ...

, Toronto, Ontario
First Canadian Place, Toronto, Ontario
Contents

4.1 Merger with Harris Bankcorp (1984)
4.2 Proposed merger with RBC (1998)
Fair use of an image from: www. ... First Canadian Place (pre-2004) First Canadian Place is Canadas tallest skyscraper and #11 in all buildings in North America with a height of 298m/978f. ...

History

The Bank of Montreal is Canada's oldest chartered bank and began business in 1817. It has been referred to as BMO or Canada's First Bank. Its official name is now BMO Bank of Montreal.


Mergers

Through its history, Bank of Montreal has merged with several other Canadian banks:

  • Commercial Bank of Canada (1868)
  • Exchange Bank of Yarmouth (1903)
  • People's Bank of Halifax (1905)
  • People's Bank of New Brunswick (1907)
  • Bank of British North America (1918)
  • Merchants Bank of Canada (1922)
  • Molson Bank (1925)

Bank of British North America was founded in 1835 in London, England with offices in Toronto, Montreal, Quebec City, Saint John, Halifax and St. ... This BMO branch in Waterloo, Ontario retains the Molsons Bank name on the plinth. ...

Operations

BMO Bank of Montreal is one division within BMO Financial Group:

  • BMO Bank of Montreal - banking services
  • BMO Harris - US Operations
  • BMO InvestorLine
  • BMO Life
  • BMO Nesbitt Burns

The bank's stock is listed on both the Toronto and New York stock exchanges under the symbol BMO. The Toronto Stock Exchange (TSX) is Canadas largest stock exchange, and the division of the TSX Group that holds senior equities. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the second largest stock exchange in the world. ...


Recent mergers and merger attempts

Merger with Harris Bankcorp (1984)

In 1984 the bank greatly expanded its operations in the United States by purchasing Chicago's Harris Bankcorp. 1984 is a leap year starting on Sunday of the Gregorian calendar. ... Chicago (officially named the City of Chicago) is the third largest city in the United States (after New York City and Los Angeles), with an official population of 2,896,016, as of the 2000 census. ...


Proposed merger with RBC (1998)

In 1998 the Bank of Montreal shocked the Canadian financial community by announcing plans to merge with the Royal Bank of Canada. The Canadian government later blocked the proposed merger. See also: 1997 in Canada, 1999 in Canada and the list of years in Canada. Incumbents Head of State - Her Majesty Queen Elizabeth II Governor General - Roméo LeBlanc Prime Minister - Jean Chrétien Premier of Alberta - Ralph Klein Premier of British Columbia - Glen Clark Premier of Manitoba - Gary Filmon... The Royal Bank of Canada (TSX: RY) (NYSE: RY) is Canadas largest chartered bank. ...


Membership

BMO is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of: The Canadian Bankers Association is an organization representing Canadas chartered banks and provides services to improve the wellbeing of its membership (banking lobby, policy development, research and support) and to consumers of banking services. ... Canadian Deposit Insurance Corporation or CDIC is a federal agency that provides insurance (up to a $60,000 CAD per personal and on Canadian accounts only) on financial services provided by chartered Canadian banks and financial institutions. ...

Interac Association is a Canadian organization linking enterprises that have proprietary networks so that they may communicate with each other for the purpose of exchanging electronic financial transactions. ... MasterCard Incorporated is a membership organization owned by the 25,000 financial institutions that issue its card. ... Cirrus Network allows MasterCard users or bank cards with access to MasterCards to be able access Automated Teller Machines (ATM) or Automated Banking Machines (ABM) with their cards. ...

External link

  • BMO Bank of Montreal's web site (http://www.bmo.com)

  Results from FactBites:
 
SAS | Customer Success: BMO Bank of Montreal (1415 words)
BMO Bank of Montreal is Canada's oldest bank and functioned as the country's central bank up to 1935.
BMO Bank of Montreal's drivers for a comprehensive knowledge management strategy are familiar to anyone involved in banking: The competition was starting to heat up.
Time savings is quite a good benefit in BMO Bank of Montreal's new application: running the account segmentation model has gone from 22 hours to two, the profitability model from 24 to four, and the soft attrition model has gone from 24 to three hours.
Bank of Montreal - Wikipedia, the free encyclopedia (488 words)
Current members of the board of directors of BMO are: Robert Astley, Stephen Bachand, David Beatty, Robert Chevrier, Anthony Comper, Ronald Farmer, David Galloway, Harold Kvisle, Eva Lee Kwok, Bruce Mitchell, Philip Orsino, Robert Prichard, Jeremy Reitman, Guylaine Saucier, and Nancy Southern.
The BMO still has an office located on Saint Jacques Street in Montreal, but that office only controls the bank's economical (and somewhat political) relation with the province of Quebec, thus most decision-making is made at their official Toronto headquarters at the First Canadian Place.
BMO is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks.
  More results at FactBites »


 
 

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