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 ?
BMO Bank of Montreal (NYSE: BMO) (TSX: BMO) has announced the launch of the BMO Perks Rewards Program, which provides BMO MasterCard customers with personalised retail offers.
BMO Bank of Montreal announced today plans to enhance its network of 2,200 ATMs, providing customers with intelligent-deposit touch screens, and enabling multi-deposit transactions, and scanned cheques and notes to be viewed on screen and printed on transaction receipts.
Officials for Canada Army Run announced a partnership between the Run and BMO Bank of Montreal, making the Canadian bank the official presenting sponsor for the next three years of the ever-growing event.
With help and mentorship from the BMO Bank of Montreal in Canmore, the Grades 1-4 students created successful business and marketing plans.
A timer and electronic display board, paid for by a $25,000 donation by BMO Bank of Montreal, will allow competitive swim meets.
9, 2012 /PRNewswire/ -- BMO Financial Group today announced that its BMO Harris Bank branches across the United States and its BMO Bank of Montreal branches across Canada are now accepting donations to the Red Cross to support relief efforts for those affected by the catastrophic damage caused by Hurricane Sandy.
A February 2012 study from BMO Bank of Montreal indicated that while the majority of Canadians (76 percent) have interest in entrepreneurship, 52 percent of those surveyed noted that access to capital is the most noteworthy barrier to getting started.
As part of the Field Trial introduction, Rovi will work with BMO Bank of Montreal to deploy, manage, and evaluate BMO campaigns across next-generation devices from leading manufacturers and enable the company to engage the rapidly expanding base of consumers that is accessing entertainment via a broadband connection.
Our operating groups - Personal and Commercial Banking, BMO Bank of Montreal in Canada and Harris in the United States; Private Client Group, our wealth management business; and BMO Capital Markets - share one vision: to be the bank that defines great customer experience.
which joined the program in 2004; ESS Support Services, a division of Compass Group Canada, which joined in 2003; BMO Bank of Montreal, which joined the program in 2004; Place Louis Riel All Suites Hotel, which came on board in 2003; and three companies that have been with the program since its inception--Sodexho, Cameco and Syncrude.
Several years ago, Scott Farber, an executive for BMO Bank of Montreal, called to discuss the bank's challenge in keeping up with the demand to recruit strong business graduates to work in a financial call centre environment.
However, in October 2002 five banks, CIBC, TD Canada Trust, Bank of Nova Scotia, BMO Bank of Montreal and Royal Bank of Canada entered into an agreement to assume ownership of the firm.