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 ?
Bank of Montreal opened its Abu Dhabi office two years ago.
BMO is the first financial institution to open in the new Highstreet retail development, which provides ample parking and easy access," said Kathy Purcha, Branch Manager, BMO Bank of Montreal.
28 August 2012 - BMO Bank of Montreal (TSX: BMO) was honoured by global market research firm Ipsos in two customer service categories.
Barclays Plc (LSE: BARC), Bank of Montreal, Bank of America Merrill Lynch (NYSE: BAC) and JP Morgan (NYSE: JPM) were the joint book running managers for the issue.
The Village Voice chain is financed by a consortium of banks lead by Bank of Montreal, which has exposure of over $80 million in loans to the chain according to a declaration filed in the case by BMO managing director Thomas McGraw on 12/17/09.
Global Banking News-November 14, 2017--Clutch Canada enters into agreement with Bank of Montreal
BANKING AND CREDIT NEWS-August 20, 2012--BMO Bank of Montreal opens branch in Lethbridge(C)2012 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-August 20, 2012--BMO Bank of Montreal opens branch in Lethbridge(C)2012 M2 COMMUNICATIONS http://www.
Bank of Montreal (NYSE: BMO) (TSX: BMO), Canada's fourth-largest lender, has agreed to acquire Marshall & Ilsley Corporation (NYSE: MI) in an all stock transaction valued at about USD4.
has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of "a" of Bank of Montreal Insurance (Barbados) Limited (Bank of Montreal Insurance) (St.
ANZ, Bank of Montreal (BMO), National Australia Bank (NAB), UBS and Westpac were the lead managers and they offered guidance for a five-year note in the area of 95bp over mid-swaps.