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BMO Capital Markets Expands Financial Institutions Equity Research Team

BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (TSX, NYSE: BMO), today announced the hiring of Michael Vinciquerra, Managing Director and Senior Equity Research Analyst.

In his new role, Mr. Vinciquerra will cover Specialty Finance companies expanding the coverage that BMO Capital Markets provides to its clients of the U.S. Financial Institutions sector.

Mr. Vinciquerra joins the firm's Financial Institutions Equity Research group comprising five senior analysts. The team currently covers more than 70 public companies, including regional and small-/mid-cap banks as well as specialty finance companies and real estate income trusts (REITs). Based in Atlanta, Mr. Vinciquerra will focus on securities companies.

“We continue to fulfill our ambition of growing our Equity Research offering in those industries where BMO Capital Markets can truly add value to our clients,” said Jack Blackstock, Director of U.S. Equity Research, BMO Capital Markets. “Mike and his team bring an added expertise to our Financial Institutions group and will deepen the coverage we provide in this important sector.”

Mr. Vinciquerra joins BMO from Raymond James, where he covered Specialty Finance for the past eight years. During that time, he was twice recognized in The Wall Street Journal's Best on the Street Survey for his research coverage of the financial services industry. Mr. Vinciquerra earned an MBA at Duke University's Fuqua School of Business in North Carolina. He also holds a Bachelor of Business Administration from Ohio University and the Chartered Financial Analyst (CFA) designation.

Mr. Vinciquerra is joined by two research associates both formerly of Raymond James: Joseph Edelstein, who holds a BSBA from the University of Arkansas, and Jillian Dungan, who holds an MA from the University of Chicago and a BA from Johns Hopkins University.

The other members of BMO Capital Markets' Financial Institutions Equity Research team include Paul Adornato, Richard Anderson, Lana Chan, David Chiaverini and Peter Winter.

BMO Capital Markets U.S. Equity Research now covers more than 300 companies in sectors that also include Business Services, Capital Goods, Consumer & Leisure, Energy & Power, Food & Agribusiness, Healthcare, Media & Entertainment and Technology & Telecommunications. A complete list of the firm's U.S. equity analyst team and coverage universe can be viewed at: www.bmocm.com/research/equities/us/.

About BMO Capital Markets
BMO Capital Markets is a leading full-service North American financial services provider, with over 2,000 employees operating in 14 North American offices and 26 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with more than US$284.9 billion in total assets and 35,000 employees as of October 31, 2006.

For more information, visit www.bmocm.com.

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