News Releases

$1.4 Million Investment by BMO Bank of Montreal for New Branch in Halifax

BMO Bank of Montreal today announced plans to construct a state-of-the-art, 5,000 square foot branch on a new site in the Halifax Shopping Centre Annex located on Mumford Road.

“We are excited and proud to share this investment of more than $1.4 million with our customers and the citizens of Halifax,” said Trevor Green, Vice-President for Nova Scotia at BMO Bank of Montreal. “Our new branch, equipped with the latest technology, will be staffed by a team of 19 highly experienced banking professionals who will offer our customers a broad range of banking and specialized financial services, highly personalized service and integrated financial solutions.”

“This investment is proof of our commitment to grow our business in Halifax and to offer our customers added services and expertise under one roof, in a convenient and easily accessible location,” added Carol Snider, Senior Vice-President for Atlantic Canada at BMO Bank of Montreal.

The new Mumford Road Branch staff will include the following:

Customer Service Representatives dedicated to fast and friendly transactional services;

Financial Service Managers, who will meet with clients in private surroundings to advise them on made-to-measure financial solutions;

A team of dedicated Commercial Relationship Managers to fully service the needs of the business community; and

An Investment Fund Specialist and an Investment Advisor from BMO Nesbitt Burns who will deliver top-tier wealth management and investment services.

Customers’ access to financial services will be expanded and enhanced in several ways, including:

Extended and convenient hours which will include Saturday openings;

Two Instabank Extra automated banking machines, accessible 24 hours a day, as well as a drive-thru automated banking machine enabling customers to bank from the comfort of their cars;

A Resource Café with interactive workstations with access to the Internet and BMO Online Banking to constantly provide customers with the latest information relative to their financial needs; and

An extensive, easily accessible customer parking area.

Construction of the new branch will begin shortly and the official opening is set for mid-August 2003. At that time, the West End Mall and Novalea Drive branches of BMO Bank of Montreal will be amalgamated into the new branch.

BMO Bank of Montreal is a member of BMO Financial Group (TSX, NYSE: BMO), one of the largest financial services providers in North America. BMO Bank of Montreal has 27 branches and more than 300 employees in Nova Scotia.

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