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:. The 2016 Games and subsequent events are to-be-determined. 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 2012 Summer Olympics are to be held in London, United Kingdom. The Canadian government later blocked the proposed merger. The 2008 Summer Olympics are to be held in Beijing, China. In 1998 the Bank of Montreal shocked the Canadian financial community by announcing plans to merge with the Royal Bank of Canada. The games were appreciated for their excellent quality, from the point of view of their organisation, hospitality, the excellence of the competition, and the image transmitted worldwide.

In 1984 the bank greatly expanded its operations in the United States by purchasing Chicago's Harris Bank. Yet, none of those fears became a reality. 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. Greece spent at least $7.2 billion on the Games, including $1.5 billion on security alone -- an enormous sum that will take many years, if not decades, to pay off. 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. Also, as these were the first games after the September 11, 2001 attacks in the United States, there were many fears about terrorist attacks taking place. Kwok, Bruce Mitchell, Philip Orsino, Robert Prichard, Jeremy Reitman, Guylaine Saucier, and Nancy Southern. Many doubted the city would be ready to host the games in time.

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. 2004 saw the games return to their birthplace, in Athens, Greece. The bank's stock is listed on both the Toronto and New York stock exchanges under the symbol BMO . Eric "the Eel" Moussambani, a swimmer from Equatorial Guinea, had a memorably slow 100 m freestyle swim that showed that, even in the commercial world of the twentieth century, some of de Coubertin's original vision still remained. BMO Bank of Montreal is one division within BMO Financial Group:. The 2000 Games were held in Sydney, Australia, and showcased individual performances by local favourite Ian Thorpe in the pool, Briton Steve Redgrave who won a rowing Gold medal in an unprecedented fifth consecutive Olympics, and Cathy Freeman, whose triumph in the 400 m united a packed stadium and provided a bridge between white and aboriginal Australians. Through its history, Bank of Montreal has merged with several other Canadian banks:. (In June 2003, the principal suspect in this bombing, Eric Robert Rudolph, was captured.).

In 1977, the BMO's Head Office moved to Toronto, Canada's economical engine. The atmosphere at the Games was marred however when a bomb exploded during the celebration in Centennial Park. 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. television. 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 latter event took place not at the boxing ring but in the basketball arena, at the demand of U.S. The Bank of Montreal served as Canada's central bank until the creation of the Bank of Canada in 1935. There were also emotional scenes, such as when Muhammad Ali, clearly affected by Parkinson's disease, lit the Olympic torch and received a replacement medal for the one he had discarded in 1960.

John Grey, a retired dry goods merchant, was the first President of the Bank of Montreal and Robert Griffin worked as the first cashier. This was popularly felt to be an appropriate recompense for the previous national disgrace involving Ben Johnson. For the first few years of its existence, the Bank occupied a small building on Saint Paul Street. Canadians savoured Donovan Bailey's record-breaking gold medal run in the 100-metre dash. The Bank opened in Montreal, Quebec on November 3, 1817. In the stadium in 1996, the highlight was 200 m runner Michael Johnson annihilating the world record in front of a home crowd. It has been referred to as BMO or Canada's First Bank. It was also widely rumoured that the Coca-Cola company was highly influential in the 1996 Games being hosted by their home city of Atlanta, Georgia.

The Bank of Montreal is Canada's oldest chartered bank and began business in 1817. By then the process of choosing a location for the Games had itself become a commercial concern; allegations of corruption rocked the International Olympic Committee, in particular with reference to Salt Lake City's bid to host the Winter Olympic Games. . basketball's "Dream Team." 1992 also saw the reintroduction to the Games of several smaller European states which had been incorporated into the USSR since World War II. It operates under the corporate brand BMO Financial Group; the services of the bank itself are now marketed as BMO Bank of Montreal. In evidence there was increased professionalism amongst Olympic athletes, exemplified by U.S. Bank of Montreal was founded in 1817, making it Canada's oldest bank. The 1992 Barcelona Games were cleaner, although not without incident.

Bank of Montreal TSX: BMO NYSE: BMO is Canada's fifth largest banks, and is classified as a Domestic Chartered Bank (Schedule I). On the bright side, drug testing and regulation authorities were catching up with the cheating that had been endemic in athletics for some years. Cirrus Network for MasterCard card users. This decision in particular would lead to a total overhaul of the judging process before the next games. MasterCard International. This culminated in local light-middleweight Park Si-hun being awarded the gold medal despite being conclusively outboxed in the final by American Roy Jones, Jr. Interac. There was an additional scandal in the boxing ring, where Korean fighters were awarded dubious decisions by the judges.

BMO Nesbitt Burns. The outcry reached its zenith when Ben Johnson, the Canadian winner of the men's 100 m sprint, was discovered to be a steroid user and disqualified. BMO Life. Despite splendid drug-free performances by many individuals, the number of people who failed screenings for performance-enhancing chemicals overshadowed the games. BMO InvestorLine. The 1988 Seoul games were sadly tainted when many of the athletes failed mandatory drug tests. BMO Harris — US operations. Again, the games lost a measure of their appeal by the absence of one of the superpowers.

BMO Bank of Montreal — banking services. The games were again viable, but had become more commercial. Molson Bank (1925). These games were perhaps the first games of a new era. Merchants Bank of Canada (1922). In 1984 the Soviet Union, and 14 Eastern Europe countries, reciprocated by boycotting the Los Angeles games. Bank of British North America (1918). This contributed to the 1980 Games being a less publicised and less competitive affair, which was dominated by the host country.

People's Bank of New Brunswick (1907). Notably, Great Britain and Greece did not withdraw. People's Bank of Halifax (1905). Following the Soviet Union's invasion of Afghanistan, 66 nations, including the United States, Canada, West Germany and Japan, boycotted the 1980 games held in Moscow. Exchange Bank of Yarmouth (1903). The Romanian gymnast Nadia Comaneci won the women's individual all around gold medal with a succession of perfect scores, thus giving birth to a gymnastics dynasty in Romania. Commercial Bank of Canada (1868). There was also a boycott by African nations to protest a recent tour of apartheid South Africa by a New Zealand rugby side.

For a time, it seemed that the Olympics might no longer be a viable financial proposition. There was no such tragedy in Montreal in 1976, but bad planning led to the Games' cost far exceeding the budget. Some memorable athletic achievements did occur during these Games, notably the winning of a record seven gold medals by United States swimmer Mark Spitz, and the winning of three gold medals by 16-year-old Soviet gymnast Olga Korbut. After much debate, it was decided that the Games would continue, but proceedings were obviously dominated by these events.

In the firefight that followed, 15 people, including the remaining nine Israeli athletes and all but one of the terrorists, were killed. Eventually the captors, still holding their hostages, were offered safe passage and taken to an airport, where they were ambushed by German security forces. When the Israelis refused to make concessions, a tense stand-off ensued while negotiations continued. The terrorists demanded that Israel release numerous Arab prisoners.

An extreme Palestinian terrorist group named Black September invaded the Olympic village and held several members of the Israeli weightlifting team hostage, and killed two of them. Politics again intervened at Munich in 1972, with lethal consequences. Politics took centre stage in the medal ceremony for the men's 200-metre dash, where Tommie Smith and John Carlos made a protest gesture on the podium against the segregation in the USA; their political act was condemned within the Olympic Movement, but was praised in the American Civil Rights Movement. The 1968 Games also saw the introduction of the now-universal Fosbury flop, a technique which won American high jumper Dick Fosbury the gold medal.

In a previously tight competition, US athlete Bob Beamon jumped 8.90 m, destroying the world record and, in the words of fellow competitor and then-reigning champion Lynn Davies, "making the rest of us look silly." Beamon's world record would stand for 23 years. No event was affected more than the long jump. Performances at the 1968 Mexico City games were affected by the altitude of the host city. The 1964 Games were thus a turning point in the global visibility and popularity of the Olympics.

These games were the first to be broadcast live on television, enabled by the recent advent of communication satellites, and helped introduce the world to colour television. The 1964 Games held in Tokyo are notable for heralding the modern age of telecommunications. Other performers of note in 1960 included Wilma Rudolph, a gold medallist in the 100 m, 200 m and 4x100 m relay events. The 1960 Rome Games saw the arrival on the world scene of a young light-heavyweight boxer named Cassius Clay, later known as Muhammad Ali, who would later throw his gold medal away in disgust after being refused service in a whites only restaurant in his home town.

The 1956 Melbourne Games were largely successful, barring a water polo match between Hungary and the Soviet Union, which political tensions caused to end as a pitched battle between the teams. Pacing himself by chatting with the other leaders, Zátopek led from about half way, slowly dropping the remaining contenders to win by two and a half minutes, and completed a trio both of wins and Olympic records. Having first won both the 10,000 and 5,000 metre races, he also entered the marathon, despite having never previously raced at that distance. At the 1952 Games in Helsinki, Finland made a legend of an amiable Czech army lieutenant named Emil Zátopek, who was intent on improving on his single gold and silver medals from 1948.

Dutch sprinter Fanny Blankers-Koen won four gold medals on the track, emulating Owens' achievement in Berlin. The first post-war Games were held in 1948 in London, with both Germany and Japan excluded. The Games of 1940 and 1944 were cancelled due to World War II. The tale of Hitler snubbing Owens at the ensuing medal ceremony is a fabrication.

In particular, the black sprinter and long jumper Jesse Owens won 4 gold medals. The result, Olympia, was a masterpiece, despite Hitler's theories of Aryan racial superiority being repeatedly shown up by non-Aryan athletes. The ruling Nazi Party commissioned film-maker Leni Riefenstahl to film the games. The 1936 Berlin Games were seen by the German government as a golden opportunity to promote their ideology.

Louis games. This was in stark contrast to 1932 when the Los Angeles games were affected by the Great Depression, which contributed to the fewest competitors since the St. The 1928 Amsterdam games were notable for being the first games which allowed females to compete at track & field athletics, and benefitted greatly from the general prosperity of the times alongside the first appearance of sponsorship of the games, from Coca-Cola. "The Flying Finn", won three team gold medals and the individual 1,500 and 5,000 metre runs, the latter two on the same day.

This record only stood until 1924, when the Paris Games would involve 3,000 competitors, the greatest of whom was Finnish runner Paavo Nurmi. The 1920 Antwerp games in war-ravaged Belgium were a subdued affair, but again drew a record number of competitors. The scheduled Berlin Games of 1916 were cancelled following the onset of World War I. They were reinstated in 1983, 30 years after his death.

Thorpe had previously played a few games of baseball for a fee, and saw his medals stripped for this breach of amateurism. The Games continued to grow, attracting 2,500 competitors to Stockholm in 1912, including the great all-rounder Jim Thorpe, who won both the decathlon and pentathlon. He was helped over the finish line by concerned race officials, but later he was disqualified and the gold medal was awarded to John Hayes, who had trailed him by around 30 seconds. At the end of the 1908 marathon the Italian runner Dorando Pietri was first to enter the stadium, but he was clearly in distress, and collapsed of exhaustion before he could complete the event.

At the six Olympic games between 1900 and 1920, the marathon was raced over six different distances. The marathon had been 40 km for the first games in 1896, but was subsequently varied by up to 2 km due to local conditions such as street and stadium layout. This distance was chosen to ensure that the race finished in front of the box occupied by the British royal family. The 1908 London Games saw numbers rise again, as well as the first running of the marathon over its now-standard distance of 42.195 km (26 miles 385 yards).

Anyway, they certainly positively contributed to the success of future games after the less successful 1900 and 1904 Games. These games are not currently recognised as being Olympic Games by the IOC, though most historians do see them as such. As it also turned out to be the last, the reason for the games is now sought in the "tenth birthday" of the games. There followed a smaller games in Athens in 1906, the first of an alternating series of games to be held in Athens.

In contrast with Paris 1900, the word Olympic was abused for many contests, such as those for school boys or for Irish-Americans. Louis, USA, due in part to the lengthy transatlantic boat trip required of the European competitors, and the integration with the Louisiana Purchase Exposition World's fair, which again spread the event out over an extended period. Numbers declined again for the 1904 Games in St. It is still disputed which events exactly were Olympic, since few or maybe even none of the events were advertised as such at the time.

The Games were integrated with the Paris World's fair and lasted over 5 months. Four years later (in 1900) the Paris games attracted more than four times as many athletes, including 11 women, who were allowed to compete for the first time, in croquet and tennis. Nevertheless, no international events of this magnitude had been organised before. The first games, held in Athens in 1896, attracted just 245 competitors, of whom more than 200 were Greek, and only 14 countries were represented.

The modern Olympic Games were founded in 1894 when Pierre Fredi, Baron de Coubertin sought to promote international understanding through sporting competition. . The football World Cup attracts more global interest, as measured by the larger television audience. Though the most diverse sporting event in the world, the Olympics are perhaps not the most popular.

The special case of Taiwan was handled by having it compete as Chinese Taipei, to avoid the issue of Taiwanese independence. In general only recognised nations are represented, but a few non-sovereign countries are allowed to take part. National anthems and flags accompany the medal ceremonies, and tables showing the number of medals won by each country are widely used. Competitors are entered by a National Olympic Committee (NOC) to represent their country of citizenship.

Medals are awarded in each event, with gold for first place, silver for second and bronze for third, a tradition which started in 1904. Olympic victory is widely considered to be the most prestigious achievement in sports. The Olympics are the most prestigious of such events in the world. The Summer Olympic Games are an international multi-sport event held every four years, organised by the International Olympic Committee.

2012 - Games of the XXX Olympiad - London, United Kingdom. 2008 - Games of the XXIX Olympiad - Beijing, China / Sha Tin, Hong Kong, China (Equestrian events). 2004 - Games of the XXVIII Olympiad - Athens, Greece. 2000 - Games of the XXVII Olympiad - Sydney, Australia.

1996 - Games of the XXVI Olympiad - Atlanta, United States. 1992 - Games of the XXV Olympiad - Barcelona, Spain. 1988 - Games of the XXIV Olympiad - Seoul, South Korea. 1984 - Games of the XXIII Olympiad - Los Angeles, United States.

1980 - Games of the XXII Olympiad - Moscow, Soviet Union (now Moscow, Russia). 1976 - Games of the XXI Olympiad - Montréal, Canada. 1972 - Games of the XX Olympiad - Munich, West Germany (now Munich, Germany). 1968 - Games of the XIX Olympiad - Mexico City, Mexico.

1964 - Games of the XVIII Olympiad - Tokyo, Japan. 1960 - Games of the XVII Olympiad - Rome, Italy. 1956 - Games of the XVI Olympiad - Melbourne, Australia / Stockholm, Sweden (Equestrian events). 1952 - Games of the XV Olympiad - Helsinki, Finland.

1948 - Games of the XIV Olympiad - London, United Kingdom. 1944 - Games of the XIII Olympiad - London, United Kingdom- Cancelled due to the still raging World War II. 1940 - Games of the XII Olympiad - Helsinki, Finland - Cancelled following the onset of World War II. 1936 - Games of the XI Olympiad - Berlin, Germany.

1932 - Games of the X Olympiad - Los Angeles, United States. 1928 - Games of the IX Olympiad - Amsterdam, Netherlands. 1924 - Games of the VIII Olympiad - Paris, France. 1920 - Games of the VII Olympiad - Antwerp, Belgium.

1916 - Games of the VI Olympiad - Berlin, Germany - Cancelled following the onset of World War I. 1912 - Games of the V Olympiad - Stockholm, Sweden. 1908 - Games of the IV Olympiad - London, United Kingdom. 1906 - Intercalated Games - Athens, Greece.

Louis, United States. 1904 - Games of the III Olympiad - St. 1900 - Games of the II Olympiad - Paris, France. 1896 - Games of the I Olympiad - Athens, Greece.

Includes Greco-Roman wrestling and freestyle wrestling. Wrestling - every edition except 1900

    . Weightlifting - 1896, 1904, and since 1920. Water motorsports - 1908 only.

    Volleyball - since 1964. Tug of war - 1900 to 1920. Triathlon - since 2000. Tennis - 1896 to 1924 and since 1988.

    Taekwondo - since 2000. Table Tennis - since 1988. Softball - since 1996, removed from programme after 2008. Shooting - every edition except 1904 and 1928.

    Sailing - since 1900 excluding 1904. Rugby - 1900, 1908 Summer Olympics, 1920, and 1924. Rowing - since 1900. Roque - 1904 only.

    Rackets - 1908 only. Polo - 1900, 1908, 1920, 1924, and 1936. Modern Pentathlon - since 1912. Lacrosse - 1904 and 1908.

    Judo - since 1964 excluding 1968. Jeu de paume - 1920 only. Hockey - 1908, 1920, and since 1928. Handball - 1936 and since 1972.

    Includes artistic gymnastics, rhythmic gymnastics, and trampoline. Gymnastics - every edition

      . Golf - 1900 and 1904. Football - since 1900 excluding 1932.

      Fencing - every edition. Equestrian - 1900 and since 1912. Includes road cycling, track cycling, mountain biking, and BMX racing. Cycling - every edition

        .

        Croquet - 1900 only. Cricket - 1900 only. Includes flatwater racing and slalom canoeing. Canoeing - since 1936

          .

          Women's boxing could be introduced in 2012. Boxing - since 1904 excluding 1912. Basque Pelota - 1900 only. Basketball - since 1936.

          Baseball - since 1992, removed from programme after 2008. Badminton - since 1992. Includes track & field events - running, throwing, jumping, and composites such as decathlon. Athletics - every edition

            .

            Archery - 1900, 1904, 1908, 1920, and since 1972. Includes swimming, diving, synchronised swimming, and water polo and from 2008 open-air swimming,. Aquatics - every edition

              .

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