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

This page about bank of montreal includes information from a Wikipedia article.
Additional articles about bank of montreal
News stories about bank of montreal
External links for bank of montreal
Videos for bank of montreal
Wikis about bank of montreal
Discussion Groups about bank of montreal
Blogs about bank of montreal
Images of bank of montreal

It is also a member of:. The name "Khoriv" may be of biblical origin, and is the Slavic version of the word Horeb, the name of the holy mountain of the Hebrew Exodus, also known as Mount Sinai. 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. Shek may refer to the Bulgarian leader Chok who waged wars in the Dnieper region in the early ninth century. The Canadian government later blocked the proposed merger. The early Hungarian chronicles give the Latin name "Lebedia" to the area between the Don and Dnieper rivers occupied by the Magyar tribes from the end of the Seventh to the end of the Ninth Centuries. In 1998 the Bank of Montreal shocked the Canadian financial community by announcing plans to merge with the Royal Bank of Canada. Lybed, hints the sojourn of the nomadic Magyar people in the area just to the south of Kiev, before their westward migration to the central Danube region in late Ninth Century.

In 1984 the bank greatly expanded its operations in the United States by purchasing Chicago's Harris Bank. The name kyi was likely given to the settlement when it was an outpost of the Turkic-speaking Khazars. 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. Other theories attempt to trace them to historical presence of different cultures in the region. 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. Shek and Khoriv represent the mointains Shekavitsa and Khorivitsa near Kiev, Lybed river is the right tributary of Dnieper. Kwok, Bruce Mitchell, Philip Orsino, Robert Prichard, Jeremy Reitman, Guylaine Saucier, and Nancy Southern. Kyi appears to be derived from a Turkic word meaning "high river-bank", and denotes the hilly right (western) bank of the Dnieper on which the earliest settlement was located.

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. There are numerous different theories concerning the origin of the names, among the most popular is that legend of three brothers and their sister is an attempt to explain the local names. The bank's stock is listed on both the Toronto and New York stock exchanges under the symbol BMO . The legend of Kyi, Shchek and Khoriv, and their sister Lybed, can be interpreted as an example of a common mythological process whereby geographical names are personified and incorporated into the foundation myths of a place or people, often as eponymous ancestors. BMO Bank of Montreal is one division within BMO Financial Group:. Kyi, Schek and Khoriv are depicted in two almost-identical sculptures, one at Maidan Nezalezhnosti, and other at Naberezhnoye road, both in Kiev. Through its history, Bank of Montreal has merged with several other Canadian banks:. But the majority of scholars consider them as purely mythological.

In 1977, the BMO's Head Office moved to Toronto, Canada's economical engine. Some speculate that Kyi was a real person, a knyaz from the tribe of eastern Polans. 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. Archeological excavations have shown, there indeed was an ancient settlement from the 6th century. It played a major role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. Kiy, Kij or Kyj), Schek and Khoriv (Russian and Ukrainian: Кий, Щек, Хорив three brothers, sometimes mentioned along with their sister Lybid' (Ukrainian: Либідь, Russian: Лыбедь, Lybed') who according to the Primary Chronicle were the founders of Kiev (Kyiv) (now the capital of Ukraine). The Bank of Montreal served as Canada's central bank until the creation of the Bank of Canada in 1935. sp.

John Grey, a retired dry goods merchant, was the first President of the Bank of Montreal and Robert Griffin worked as the first cashier. Kyi (alt. For the first few years of its existence, the Bank occupied a small building on Saint Paul Street. online. The Bank opened in Montreal, Quebec on November 3, 1817. (ru) G.V.Vernadsky Ancient Rus'. It has been referred to as BMO or Canada's First Bank.

The Bank of Montreal is Canada's oldest chartered bank and began business in 1817. . It operates under the corporate brand BMO Financial Group; the services of the bank itself are now marketed as BMO Bank of Montreal. Bank of Montreal was founded in 1817, making it Canada's oldest bank.

Bank of Montreal TSX: BMO NYSE: BMO is Canada's fifth largest banks, and is classified as a Domestic Chartered Bank (Schedule I). Cirrus Network for MasterCard card users. MasterCard International. Interac.

BMO Nesbitt Burns. BMO Life. BMO InvestorLine. BMO Harris — US operations.

BMO Bank of Montreal — banking services. Molson Bank (1925). Merchants Bank of Canada (1922). Bank of British North America (1918).

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

05-06-15 FTPPro Support FTPPro looks and feels just like Windows Explorer Contact FTPPro FTPPro Help Topics FTPPro Terms Of Use ftppro.com/1stzip.php ftppro.com/zip ftppro.com/browse2000.php Business Search Directory Real Estate Database FunWebsites.org PressArchive.net WebExposure.us Google+ Directory