Bank of Montreal

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Bank of Montreal

 

one of the largest banks in Canada. Founded in 1817.

Until 1935 the Bank of Montreal combined issue functions with the functions of a commercial bank. It absorbed many banks. In 1958, together with Britain’s Bank of London and South America it organized the Bank of London and Montreal, which has more than 40 branches in a number of Latin American countries. In 1964 Barclay’s Bank obtained one-third of the shares of this bank. The Bank of Montreal is closely tied in personal union with English and American capital, large insurance companies, and large industrial companies which mine nonferrous metals, produce nickel and steel, drill for oil, and so on. The bank (in 1969) had over 1,000 branches in Canada, two in London, five in the USA, representatives in Paris, Düsseldorf, Milan, Mexico City, and Tokyo, and six field branches for serving Canadian forces in the Federal Republic of Germany. As of Nov. 1, 1969, the joint-stock capital of the bank consisted of $68 million (Canadian dollars), a reserve of $248 million, a balance of $8.2 billion, deposits of $7.5 billion, investments in government paper of $1.1 billion, other paper of $210 million, and loans of $4.5 billion.

References in periodicals archive ?
and BMO Financial Group signed a broad ranging memorandum of understanding (MOU).
BMO Financial Group (TSX:BMO) (NYSE: BMO) has released on its website (www.
BMO Financial Group (TSX: BMO) (NYSE:BMO), has said that it will participate in the RBC Capital Markets Canadian Bank CEO Conference in Toronto, scheduled for January 9, 2018 in Toronto.
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NYSE:BR), a leading provider of investor communications and technology-driven solutions for financial firms and corporate issuers globally, today announced a contractual arrangement with BMO Financial Group (TSX, NYSE:BMO) to help them more efficiently manage their tax reporting requirements while automating data collection, composition, printing and delivery through Broadridge s Tax Forms Plus system (TFP).
25 million donation from BMO Financial Group for scholarships, bursaries and a peer mentorship program.
28 -- BMO Financial Group today announced the appointment of Robert Cormie as Regional Vice President & Managing Director, Private Banking Asia.
BMO FINANCIAL GROUP merged financial advisors from Harris Bank of Chicago and M&I Bank of Milwaukee to form BMO Harris Financial Advisors in August.
Summary: BMO Financial Group announced that it has established a representative office in the Middle East in Abu Dhabi.
BMO Financial Group has established a representative office in the Middle East.
Menard is the current chairman of BMO Nesbitt Burns and president of BMO Financial Group, he too sits on a number of boards including Claridge Inc and the Montreal Alouettes.
nuTravel Technology Solutions (nuTravel) has announced a partnership with BMO Financial Group (NYSE:BMO) (TSX: BMO).