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:. Accurate as of January 1, 2006.. 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. And the unofficial world record for women:. The Canadian government later blocked the proposed merger. The decathlon world record is:. In 1998 the Bank of Montreal shocked the Canadian financial community by announcing plans to merge with the Royal Bank of Canada. .

In 1984 the bank greatly expanded its operations in the United States by purchasing Chicago's Harris Bank. During the indoor season, decathletes compete in the men's heptathlon, featuring different events compared to the women's heptahlon. 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. Due to the inclusion of throwing events, indoor decathlon competitions are impracticable. 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. Women compete in the heptathlon, a similar contest made up of seven events. Kwok, Bruce Mitchell, Philip Orsino, Robert Prichard, Jeremy Reitman, Guylaine Saucier, and Nancy Southern. In many cases, including international competition, it is only contested by men.

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. It is one of the most highly respected Gold Medals. The bank's stock is listed on both the Toronto and New York stock exchanges under the symbol BMO . The decathlon has been included in the program of the Olympic Games since 1912. BMO Bank of Montreal is one division within BMO Financial Group:. It is traditional that all competitors take part in a lap of honour after completing the final event. Through its history, Bank of Montreal has merged with several other Canadian banks:. Decathlon (and heptathlon) competitions tend to be more friendly than individual events, with each competitor having different strengths and weaknesses and thus helping each other.

In 1977, the BMO's Head Office moved to Toronto, Canada's economical engine. The athlete accumulating the highest number of points wins the competition. 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 each field event the athletes receive three attempts, in each track event the competitors are divided into heats by personal best. It played a major role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. In each event, the athlete scores points according to the marks achieved. The Bank of Montreal served as Canada's central bank until the creation of the Bank of Canada in 1935. Day 2:.

John Grey, a retired dry goods merchant, was the first President of the Bank of Montreal and Robert Griffin worked as the first cashier. Day 1:. For the first few years of its existence, the Bank occupied a small building on Saint Paul Street. Normally occurring over two days, the event pushes athletes to their limits. The Bank opened in Montreal, Quebec on November 3, 1817. The term decathlon usually refers to an athletic (track and field) event. It has been referred to as BMO or Canada's First Bank. A decathlon is a sportive contest made up of 10 events.

The Bank of Montreal is Canada's oldest chartered bank and began business in 1817. For the sports store chain of the same name see Decathlon Group.. . This article refers to the sporting constest. It operates under the corporate brand BMO Financial Group; the services of the bank itself are now marketed as BMO Bank of Montreal. Mike Smith, Canada. Bank of Montreal was founded in 1817, making it Canada's oldest bank. Dean Macey, UK.

Bank of Montreal TSX: BMO NYSE: BMO is Canada's fifth largest banks, and is classified as a Domestic Chartered Bank (Schedule I). Dave Johnson, USA. Cirrus Network for MasterCard card users. Bruce Jenner, USA. MasterCard International. Austra Skujyte 8366 pts Columbia, USA 15 April 2005 (awaiting verification). Interac. Roman Šebrle 9026 pts Götzis, AUT 27 May 2001.

BMO Nesbitt Burns. 1500 m. BMO Life. javelin throw. BMO InvestorLine. pole vault. BMO Harris — US operations. discus throw.

BMO Bank of Montreal — banking services. 110m hurdles. Molson Bank (1925). 400 m. Merchants Bank of Canada (1922). High Jump. Bank of British North America (1918). shot put.

People's Bank of New Brunswick (1907). long jump. People's Bank of Halifax (1905). 100 m. Exchange Bank of Yarmouth (1903). Commercial Bank of Canada (1868).

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