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 ?
In the same quarter last year, Bank of Montreal reported earnings per share of $1.82 on sales of $4.27 billion.
Bank of Montreal opened its Abu Dhabi office two years ago.
Completion is expected during the second quarter of this year.Country: USASector: Banking/Financial ServicesTarget: CTC Consulting LLCBuyer: Bank of Montreal, BMO Financial GroupType: Corporate acquisitionStatus: Agreed
The Bank of Montreal has 15 automated banking machines in Northern Ontario from North Bay to Dryden and it plans to add several more this year.
Bank of Montreal uses a unified branding approach that links all of the organization's member companies.
TORONTO, ONTARIO: Bank of Montreal closed its domestic public offering of Non-Cumulative Perpetual Class B Preferred Shares, Series 35.
BMO Bank of Montreal (TO: BMO) has announced that it has raised capital through a private placement.
Bank of Montreal (TSX:BMO)(NYSE:BMO) has announced it has elected all director nominees listed in the bank's management proxy circular dated February 7, 2019, the company said.
TORONTO, ONTARIO: Bank of Montreal will exercise its right to redeem all of its $350,000,000 Non-Cumulative Perpetual Class B Preferred Shares Series 13 on May 25, 2015, at the redemption price of $25.25 per share, for total redemption proceeds of about $353.5 million.
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 USD4.1bn, Dow Jones has reported.
Bank of Montreal (BMO.TO) has said that it has selected Dublin as its post-Brexit hub.