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 said that it will offer a financial relief program to assist customers in the Prairies and Western Canada affected by the current grain handling backlog along with severe winter weather.
Andrew Irvine, Head, Canadian Business Banking & BMO Partners, BMO Bank of Montreal, said, "It is our goal to lead the industry when it come to the research and support of female entrepreneurs, and help foster conversation for a group that is truly helping to drive the Canadian economy.
Tenzing also worked with Layer7 Capital to secure supporting debt financing from BMO Bank of Montreal.
BMO Bank of Montreal has been recognized by Celent as the winner of the Model Bank 2017 award for Process Automation for the most effective deployment of technology to automate business processes or decision-making, according to GMC Software.
Women need to be empowered to seek out new career opportunities if they choose to do so and not feel that they face barriers because of their gender," says Sandra Henderson, senior vice president, personal & commercial banking, BMO Bank of Montreal and Member of the BMO Women and Wealth Committee.
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.
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.
Cathy Galitsiadis, Branch Manager, BMO Bank of Montreal, said, 'It is exciting for BMO to be enhancing its presence in this diverse area.