Bank of Montreal

Bank of Montreal TSX: BMO NYSE: BMO is Canada's fifth largest banks, and is classified as a Domestic Chartered Bank (Schedule I). Bank of Montreal was founded in 1817, making it Canada's oldest bank. It operates under the corporate brand BMO Financial Group; the services of the bank itself are now marketed as BMO Bank of Montreal.

History

First Canadian Place

The Bank of Montreal is Canada's oldest chartered bank and began business in 1817. It has been referred to as BMO or Canada's First Bank.

The Bank opened in Montreal, Quebec on November 3, 1817. For the first few years of its existence, the Bank occupied a small building on Saint Paul Street. John Grey, a retired dry goods merchant, was the first President of the Bank of Montreal and Robert Griffin worked as the first cashier.

The Bank of Montreal served as Canada's central bank until the creation of the Bank of Canada in 1935. It played a major role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. The first Canadian bank to open a branch abroad, the Bank of Montreal is today a major international bank with 1,100 branches across Canada and around the world. In 1977, the BMO's Head Office moved to Toronto, Canada's economical engine.

Mergers

Through its history, Bank of Montreal has merged with several other Canadian banks:

  • Commercial Bank of Canada (1868)
  • Exchange Bank of Yarmouth (1903)
  • People's Bank of Halifax (1905)
  • People's Bank of New Brunswick (1907)
  • Bank of British North America (1918)
  • Merchants Bank of Canada (1922)
  • Molson Bank (1925)

Operations

Bank of Montreal at Square One shopping mall

BMO Bank of Montreal is one division within BMO Financial Group:

  • BMO Bank of Montreal — banking services
  • BMO Harris — US operations
  • BMO InvestorLine
  • BMO Life
  • BMO Nesbitt Burns

The bank's stock is listed on both the Toronto and New York stock exchanges under the symbol BMO .

Corporate governance

Current members of the board of directors of BMO are: Robert Astley, Stephen Bachand, David Beatty, Robert Chevrier, Anthony Comper, Ronald Farmer, David Galloway, Harold Kvisle, Eva L. Kwok, Bruce Mitchell, Philip Orsino, Robert Prichard, Jeremy Reitman, Guylaine Saucier, and Nancy Southern.

Headquarters

The BMO still has an office located on Saint Jacques Street in Montreal, but that office only controls the bank's economical (and somewhat political) relation with the province of Quebec, thus most decision-making is made at their official Toronto headquarters at the First Canadian Place. This reflects the preponderant place of the Toronto Stock Exchange in the Canadian economy and, probably although it is not acknowledged, concerns about separatism in Quebec.

Recent mergers and merger attempts

Purchase of Harris Bankcorp (1984)

In 1984 the bank greatly expanded its operations in the United States by purchasing Chicago's Harris Bank.

Proposed merger with RBC (1998)

In 1998 the Bank of Montreal shocked the Canadian financial community by announcing plans to merge with the Royal Bank of Canada. The Canadian government later blocked the proposed merger.

Membership

BMO is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:

  • Interac
  • MasterCard International
  • Cirrus Network for MasterCard card users

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It is also a member of:. NOTE: These are not definite; very few airlines have a daily hall; this is based on regularity. BMO is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. The name originally meant a part of that lake: 't Schiphol in old maps of the area. The Canadian government later blocked the proposed merger. It is part of the Haarlemmermeerpolder, which before around 1850 was a big lake. In 1998 the Bank of Montreal shocked the Canadian financial community by announcing plans to merge with the Royal Bank of Canada. Schiphol's name means "ship hole" or "ship's hell".

In 1984 the bank greatly expanded its operations in the United States by purchasing Chicago's Harris Bank. The Fokker aircraft manufacturer started a factory near Schiphol airport in 1951. This reflects the preponderant place of the Toronto Stock Exchange in the Canadian economy and, probably although it is not acknowledged, concerns about separatism in Quebec. When civil aircraft started to make use of the field, it was often called Schiphol-les-bains. The BMO still has an office located on Saint Jacques Street in Montreal, but that office only controls the bank's economical (and somewhat political) relation with the province of Quebec, thus most decision-making is made at their official Toronto headquarters at the First Canadian Place. Schiphol started early last century as a military airbase, consisting only of a few barracks and a mudpool serving as platform/runways. Kwok, Bruce Mitchell, Philip Orsino, Robert Prichard, Jeremy Reitman, Guylaine Saucier, and Nancy Southern.
.

Current members of the board of directors of BMO are: Robert Astley, Stephen Bachand, David Beatty, Robert Chevrier, Anthony Comper, Ronald Farmer, David Galloway, Harold Kvisle, Eva L. Thalys International operates a TGV rail service between Amsterdam, Schiphol, The Hague HS, Rotterdam, Berchem Rail Station (Antwerp), Midi Rail Station (Brussels) and Gare du Nord in Paris. The bank's stock is listed on both the Toronto and New York stock exchanges under the symbol BMO . The Dutch Railways operate a major passenger train station directly underneath the passenger terminal complex. BMO Bank of Montreal is one division within BMO Financial Group:. . Through its history, Bank of Montreal has merged with several other Canadian banks:. Its base is actually 5 m below sea level.

In 1977, the BMO's Head Office moved to Toronto, Canada's economical engine. The Schiphol ATC tower, with a height of 101 m, was the tallest in the world when constructed in 1991. The first Canadian bank to open a branch abroad, the Bank of Montreal is today a major international bank with 1,100 branches across Canada and around the world. Schiphol is the world's lowest major commercial airport. It played a major role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. There is a regular-size supermarket, Food Village, that is open until midnight seven days a week. The Bank of Montreal served as Canada's central bank until the creation of the Bank of Canada in 1935. Schiphol Plaza is the shopping center before customs, hence not only for air travellers, but also for people who just change train here, etc.

John Grey, a retired dry goods merchant, was the first President of the Bank of Montreal and Robert Griffin worked as the first cashier. Schiphol has large shopping areas as a source of revenue and as an additional attractant to air-carrier passengers. For the first few years of its existence, the Bank occupied a small building on Saint Paul Street. Schiphol is the home base of KLM (Royal Dutch Airlines), Martinair and Transavia. The Bank opened in Montreal, Quebec on November 3, 1817. Because of the intense traffic and high landing and parking fees at Schiphol, more and more holiday-carriers have moved some of their flights to smaller airports, such as Groningen, Rotterdam, Eindhoven and Maastricht. It has been referred to as BMO or Canada's First Bank. There are plans for further terminal expansion.

The Bank of Montreal is Canada's oldest chartered bank and began business in 1817. The airport is built as one large terminal split into three large departure halls, the most recent having been completed in 1994, which converge again once airside. . Plans have already been made for a seventh runway. It operates under the corporate brand BMO Financial Group; the services of the bank itself are now marketed as BMO Bank of Montreal. The "fifth runway" (really the sixth) was completed in 2003. Bank of Montreal was founded in 1817, making it Canada's oldest bank. Schiphol has 5 main runways, plus 1 used mainly by general aviation aircraft.

Bank of Montreal TSX: BMO NYSE: BMO is Canada's fifth largest banks, and is classified as a Domestic Chartered Bank (Schedule I). In 2004, Schiphol ranked fourth in Europe in terms of passenger traffic with 42,541,000 passengers, behind London Heathrow (67,344,000), Paris Charles de Gaulle (51,260,000) and Frankfurt International Airport (51,098,000). Cirrus Network for MasterCard card users. Located south of Amsterdam (52°18′31″N, 4°45′50″E), Schiphol aims to be a European mainport, competing in passenger and cargo throughput with Heathrow International Airport in London, UK, Frankfurt International Airport in Frankfurt am Main, Germany and Charles de Gaulle International Airport in Roissy, France. MasterCard International. Schiphol (IATA: AMS, ICAO: EHAM) (municipality Haarlemmermeer) is the Netherlands' main airport. Interac. Tyrolean.

BMO Nesbitt Burns. Sky Airlines (Antalya, Berlin Tegel). BMO Life. Jet2.com (Leeds/Bradford and Manchester (UK)). BMO InvestorLine. easyJet Switzerland (Geneva). BMO Harris — US operations. easyJet (Belfast, Bristol, Edinburugh, Glasgow-Int'l, Liverpool, London-Gatwick, -Stansted and -Luton).

BMO Bank of Montreal — banking services. bmibaby (Nottingham, Birmingham and Cardiff). Molson Bank (1925). Varig (Paris/CDG, Rio de Janeiro, Sao Paulo). Merchants Bank of Canada (1922). US Airways (Philadelphia). Bank of British North America (1918). United Airlines (Chicago/O'Hare, Washington/Dulles).

People's Bank of New Brunswick (1907). Tunisair (Tunis). People's Bank of Halifax (1905). Turkish Airlines (Ankara, Istanbul). Exchange Bank of Yarmouth (1903). Surinam Airways (Paramaribo/Zanderij). Commercial Bank of Canada (1868). Singapore Airlines (Singapore).

Pakistan International Airlines (Karachi, Lahore). Onur Air (Ankara, Antalya, Bodrum, Dalaman, Istanbul, Izmir). Martinair (Longhaul). LOT (Warsaw).

Korean Air (Seoul/Incheon). Israir (Tel Aviv). Iran Air (Tehran). Inter Express (Antalya, Bodrum, Dalaman).

Fly Air (Antalya, Bodrum). Ethiopian Airlines (Addis Ababa, Rome/Fiumicino). El Al (Tel Aviv). Egyptair (Cairo).

Delta Air Lines (Atlanta, Cincinnati/Northern Kentucky, New York/JFK). Continental Airlines (Houston/Intercontinental, Newark). Arkia (Tel Aviv). ArkeFly (Kos, Puerto Plata, Punta Cana, Rhodes).

Air Transat (Calgary, Toronto, Vancouver). Air Canada (Toronto). KLM Cargo. Royal Jordanian (Amman).

Malaysia Airlines (Kuala Lumpur). Georgian Airlines (Tbilsi). China Airlines (Bangkok and Taipei). Armenian Airlines (Yerevan).

Air Moldova (Chisinau). Air Baltic (Riga). Adria Airways (Ljubljana). Paul, Mumbai, Seattle/Tacoma).

Northwest Airlines (Boston, Detroit, Memphis, Minneapolis/St. Paul, Montréal, Mumbai, Nairobi, Newark, New York/JFK, Oranjestad, Osaka/Kansai, Paramaribo/Zanderij, Philipsburg/Sint Marteen, Quito, San Francisco, Sao Paulo, Seattle/Tacoma, Seoul/Incheon, Shanghai, Singapore, Taipei, Tel Aviv, Tokyo/Narita, Toronto, Tripoli, Vancouver, Willemstad, Washington/Dulles). KLM (Abu Dhabi, Abuja, Accra, Addis Ababa, Almaty, Amman, Atlanta, Bangkok, Beijing, Cairo, Cape Town, Chicago/O'Hare, Damascus, Dammam, Dar es Salaam, Delhi, Doha, Dubai,Guayaquil, Hong Kong, Houston/Intercontinental, Hyderabad, Jakarta, Johannesburg, Khartoum, Kilimajaro, Kralendijk, Kuala Lumpur, Kuwait City, Lagos, Lima, Los Angeles, Manila, Memphis, Mexico City, Minneapolis/St. Kenya Airways (Nairobi).

Japan Airlines (Tokyo/Narita, Osaka/Kansai). EVA Air (Bangkok and Taipei). China Southern Airlines (Beijing and Guangzhou). Ukraine International (Kiev).

Tarom Romanian Air Transport (Bucharest). Martinair (Shorthaul). Malév Hungarian Airlines (Budapest). Lithuanian Airlines (Vilnius).

KLM Cityhopper (Brussels, Cardiff, Dusseldorf, Edinburgh, Eindhoven, Frankfurt, Glasgow, Hanover, Luxembourg, Manchester (UK), Munich, Nice, Zurich). Petersberg (RU), Sofia, Stockholm, Stuttgart, Tallinn, Tbilsi, Tehran, Thessaloniki, Venice, Vienna, Warsaw, Zurich). KLM (Non-Schengen leave from one half of D, Schengen leave from the other)Aberdeen, Athens, Bahrain, Barcelona, Beirut, Berlin/Tegel, Birmingham (UK), Bristol, Bucharest, Budapest, Cardiff, Copenhagen, Edinburgh, Geneva, Glasgow, Hamburg, Hanover, Helsinki, Istanbul, Kiev, Lisbon, London/City, London/Heathrow, Luxembourg, Madrid, Manchester (UK), Milan/Malpensa, Moscow, Munich, Nice, Oslo, Paris/CDG, Prague, Rome/Fiumicino, Rotterdam, St. Jat Airways (Belgrade).

Cyprus Airways (Larnaca, Paphos). CSA Czech Airlines (Prague). Croatia Airlines (Zagreb). Bulgaria Air (Sofia).

British Airways (London/Heathrow, London/Gatwick). bmi (London/Heathrow, Manchester (UK)). Armavia (Yerevan). Aeroflot (Moscow/Sheremetyevo).

Aer Lingus (Dublin, Cork). Meridiana (Florence and Turin). Air France (Bordeaux, Marseille, Nice, Lyon, Paris/CDG, Stavanger, Trondheim). KLM (some Shorthaul mostly Schengen treaty destinations).

Transavia (Alicante, Antalya, Banjul, Barcelona, Berlin Shönefeld, Bodrum, Copenhagen, Dalaman, Djerba, Faro, Izmir, Las Palma, Madrid, Malaga, Milan Linate, Monastir, Nice, Palma, Pisa, Reus, Tenerife, Treviso). TAP Portugal (Lisbon and Porto). Spanair (Barcelona and Madrid). SAS (Copenhagen, Oslo, Stockholm).

Olympic Airlines (Athens). Maersk Air (Copenhagen, Billund). Air Dolomiti. Lufthansa (Frankfurt and Munich)

    .

    Iberia (Barcelona and Madrid). Finnair (Helsinki). Austrian Airlines (Vienna). Alitalia (Milan Malpensa, Rome Fiumicino, Venice).

    The complex houses mainly drug traffickers, and was holding 350 people at the time of the incident. October 27, 2005 - a fire broke out at the airport's detention center, killing 11 people and injuring 15.

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