Bank Of Montreal

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{{Infobox_Company | company_name = Bank of Montreal | company_logo = | company_type = [Public company | foundation = Montreal, [Quebec, [Canada, [November 3, [ | location = [Montreal, [Quebec, Canada and [Toronto, [Ontario, Canada | key_people = [Bill Downe (CEO)
[David A. Galloway (Chairman of the Board) | industry = [Bank | products = Financial services | revenue = {{profit--> 14,63 billion [Canadian dollar (2004) | num_employees = {{profit--> 34,000 | homepage = http://www.bmo.com -->Bank of Montreal/Banque de Montréal (, ) is Canada's fourth Big Five banks bank Canadian Business. Bank of Montreal's Q3 Profit Rises 30% to $710M; Eyes More Chinese Expansion. August 22, 2006.] , and is classified as a Domestic List of banks in Canada (Schedule I). It also has substantial operations in the Chicago area and elsewhere in the United States, where it uses the Harris Bank name. Bank of Montreal was founded in 1817, making it Canada's oldest bank. It operates under the corporate brand BMO Financial Group (where "BMO" is pronounced "bee-mo"); its banking operations in Canada are now marketed as BMO Bank of Montreal.

History BMO today is a major international bank with 1,100 branches across Canada and around the world. In 1977, BMO's operational headquarters moved to Toronto, while its legal head office remained in Montreal. Mergers During its history, Bank of Montreal has merged with or acquired several other Canadian banks:

Commercial Bank of Canada (1868)
Exchange Bank of Yarmouth, Nova Scotia (1903)
People's Bank of City of Halifax (1905)
People's Bank of New Brunswick (1907)
Bank of British North America (1918)
Merchants Bank of Canada (1922), as well as several investment banking firms.
Molson Bank(1925)

Founders The following nine people signed the Articles of Association for the creation of the "Montreal Bank" on June 23, 1817:

Robert Armour (1781-1857) businessman, militia officer, and office holder

John C. Bush

Austin Cuvillier

George Garden (c.1772-1828), director from 1817 to 1826 and vice-president from 1818 to 1822.

Horatio Gates (banker) (1777-1834), merchant and banker, President of BMO 1832-1834

James Leslie (1786–1873); bank director

George Moffatt (1787-1865) (1787-1865); bank director

John Richardson

Thomas A.Turner

Past Chairmen (partial list)

John Gray (banker) (1817 to 1820); co-founder
Horatio Gates (banker) 1832-1834; co-founder
DUcnadj Angus (1910 to 1913)
Vincent Meredith
William D. Mulholland (1974 to 1987)
Matthew Barrett (1987 to 1990)
F. Anthony Comper (1990 to 2007)
Bill Downe (from March 1, 2007)

Operations ..BMO is divided into three "client groups" which serve different markets. Each of the client groups operates under multiple brand names.

Personal and Commercial Client Group (retail banking), including

BMO Bank of Montreal (retail banking in Canada), including BMO's MasterCard credit cards; BMO Life, a life insurance company; and the former virtual bank division mbanx
Harris Bank (retail banking in the United States, headquartered in Chicago)

Investment Banking Group (known as BMO Capital Markets)
Private Client Group (wealth management), including

BMO Nesbitt Burns (full service investing in Canada)
BMO InvestorLine (self-service investing in Canada)
Harris Investor Services (advisory services in the United States)
BMO Harris Private Banking

In 2007, Bank of Montreal was named one of Canada's Top 100 Employers, as published in Maclean's magazine, the only 'Schedule A' bank to receive this honour.

Corporate governance Current members of the board of directors of BMO are: Robert Astley, Stephen Bachand, David Beatty (businessman), Robert Chevrier, Bill Downe, Ronald Farmer, David A. Galloway, Harold Kvisle, Eva L. Kwok, Bruce Mitchell, Philip Orsino, Robert Prichard, Jeremy Reitman, Guylaine Saucier, and Nancy Southern.

Headquarters BMO still has its legal Bank of Montreal Head Office, Montreal in Montreal, located on Saint-Jacques Street. However, the Chairman and President and all senior department executives work out of Toronto headquarters at First Canadian Place. Under the direction of the Toronto executive, the Montreal Place d'Armes office oversees the bank's economic (and, to some extent, political) relation with the province of Quebec. This reflects the preponderant place of the Toronto Stock Exchange and Bay Street in the Canadian economy. in Montreal.

Sport events sponsorship BMO Bank of Montreal is the current title sponsor for the marathon race for the Vancouver International Marathon Society held each year in May. The current name is "BMO Bank of Montreal Vancouver Marathon".

Bank of Montreal is also a major sponsor of Skate Canada (governing body), and is the title sponsor of theBMO Financial Group Canadian Figure Skating Championships, BMO Financial Group Skate Canada Junior Nationals, BMO Financial Group Skate Canada Challenges, BMO Financial Group Skate Canada Sectionals, and BMO Financial Group Skate Canada Synchronized Championships. It is also the presenting sponsor of the CanSkate Learn-to-Skate Program.

BMO purchased the naming rights to the national soccer stadium (BMO Field) at Exhibition Place in Toronto, the home of the Major League Soccer team Toronto FC, which BMO is also sponsoring. BMO's logo is on the front of their jersey.

Recent mergers and merger attempts Purchase of Harris Bankcorp (1984) In 1984 the bank greatly expanded its operations in the United States by purchasing Chicago's Harris Bank.

Proposed merger with RBC (1998) In 1998 in Canada Bank of Montreal shocked the Canadian financial community by announcing plans to merge with Royal Bank of Canada. The Canadian government later blocked the proposed merger. In December 2000, the banks were successful in merging their credit card and debit card processing services to form Moneris Solutions.

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:

Interac
MasterCard International
Cirrus Network for MasterCard card users
Air Miles

References

Denison, Merrill, 1893-1975. Canada's first bank : a history of the Bank of Montreal. Toronto : McClelland and Stewart, c1966. 2 v. : ill., maps, ports., (some folded, some col). ; 25 cm.
Nolin-Raynauld, Michelle, 1926-. The Bank of Montreal building on Place d'Armes, 1845-1901 / Michelle Nolin-Raynauld ; foreword by Jean Bélisle ; translated by Judith Berman. Montreal : Varia Press, c1999. 143 p. : facsm., ill., plans ; 23 cm. Originally presented as the author's thesis (master--Université de Montréal), 1984, under the title: L'architecture de la Banque de Montréal à la Place d'Armes. Translation of: L'édifice de la Banque de Montréal à la Place d'Armes, 1845-1901. ISBN 2922245128

External links

BMO Bank of Montreal's web site
BMO Bank of Montreal's Rewards site
BMO 2006 Annual Report
BMO stock quote from TSX

Bank of Montreal
Offers NetBanking, Investonline, Mortgages, MasterCard and other online services, as well as online banking for business.

Bank of Montreal - Wikipedia, the free encyclopedia
Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank [1], and is classified as a Domestic Chartered Bank (Schedule I).

BMO Bank of Montreal - Register Now
Registering for Online Banking. Signing up for Direct Banking is as simple as 1-2-3. Please ensure you have the following handy: your FirstBank Card your account number(s ...

Company Snapshot
BANK OF MONTREAL (BMO Financial Group) is a diversified financial services organization. BMO provides a broad range of retail banking, wealth management and ...

BMO: Profile for BANK OF MONTREAL - Yahoo! Finance
See the company profile for BANK OF MONTREAL (BMO) including business summary, industry/sector information, number of employees, business summary, corporate governance, key ...

Bank of Montreal BMO:TOR - Performance - FT.com
As of last close on Aug 08 2008, Bank of Montreal (BMO:TOR) closed at 49.04, 30.43% above the 52 week low of 37.60 set on July 15, 2008.

BMO Bank of Montreal Online Banking
Offers customers access to accounts through the Internet.

BANK OF MONTREAL
1 Caution Regarding Forward-Looking Statements Bank of Montreal's public communications often include written or oral forward-looking statements.

BMO - Bank of Montreal (USA) - Google Finance
Get the latest on Bank of Montreal (USA) (BMO) including stock quotes, interactive charts, up to date news, high quality discussion groups and more on Google Finance.