News Releases

BMO Bank of Montreal today announced that, on Monday, August 14, 2006, it will open a new, state-of-the-art, 4,500 square foot branch at 455 Granville Street, County Fair Mall, representing an investment of $2.4 million dollars into the Summerside community and featuring the first BMO drive-through Automated Banking Machine (ABM) in PEI.  

“BMO's investment demonstrates our commitment to Summerside and to our customers,” said Jim Quigley, Vice-President, New Brunswick and PEI, BMO Bank of Montreal. BMO has been operating in Summerside since 1929 and we look forward to continued growth and partnership with the community.”

“We will be able to better serve our customers in spacious premises and to offer them an even broader range of specialized financial services, including wealth management and investment services, all under one roof,” added BMO Branch Manager Janice Cole.

The new branch will feature two ABMs, including the first BMO drive-through ABM in PEI. “With a feature such as a drive-through ABM, customers will enjoy the convenience of conducting banking transactions quickly and easily without leaving their vehicle, which is especially practical in challenging weather conditions or when you have children aboard,” noted Mr. Quigley.

The new branch will bring together the same dedicated team of experienced banking professionals who have been serving customers from the BMO branchinside the County Fair Mall, at 475 Granville Street, which will cease its operations on Friday August 11^th.

The new BMO Bank of Montreal branch will feature:

• Seasoned Financial Services Managers who will meet with clients in welcoming private surroundings to advise on made-to-measure financial services solutions;
• Customer Service Representatives to help customers with their day-to-day transaction needs;
• A Financial Planner to provide investment and retirement planning advice and a BMO Nesbitt Burns Investment Advisor who can provide professional investment services and wealth management;
• A Commercial Team including Account Manager, Deposit Services Manager and Cash Management Specialist.

And access to banking will be expanded and made easier with:

• Full banking services available Monday to Friday from 10:00 a.m. to 5:00 p.m.;
• Accessibility for persons with disabilities;
• Larger, brighter premises and
• Additional branch customer parking.

BMO Bank of Montreal is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest financial services providers in North America. BMO Bank of Montreal employs close to 850 employees and operates a total of 84 branches in Atlantic Canada, four of which are in Prince Edward Island.

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