RED DEER,             AB, September 2, 2008 –  BMO Bank of Montreal today             opened a new 5,000 square foot personal and commercial banking branch             in North Red Deer to service this rapidly expanding residential and             commercial area of the city.
The new BMO branch,           located at 6130 – 67th Street, in the 67th         Street Plaza, is easily accessible by car, just east of Taylor Drive         and west of Gaetz Avenue. 
Branch Manager Sally           Inkster will lead a team of 15 personal banking and investment professionals           who will serve customers six days a week,         including on Saturdays from 9:00 a.m. to 3:00 p.m.
“We are committed to providing every one of our customers with         the best banking experience,” said Mrs. Inkster. “To highlight         that commitment we are offering a $100 cash deposit to all new customers         who open a new chequing account between September 2 and October 11 and         make an automatic pay deposit or bill payment to that account by January         11, 2009.”
Customers can expect:
    -   A highly experienced             team of in-house experts including personal and commercial banking             managers, financial services representatives, a financial         planner, and a BMO Nesbitt Burns investment advisor;
 
    -  Access to commercial account and deposit services; 
 
    -  Three Instabank automated banking machines (ABM), including a drive-thru         ABM; 
 
    -  Ample free parking for BMO customers; and
 
    -  Full wheelchair accessibility. 
 
“Now BMO customers can collect AIR MILES reward miles whenever         and wherever they make purchases using their BMO Bank of Montreal debit         card,” said Wes Taylor, Vice-President, South, Central & North         Alberta, BMO Bank of Montreal. “No other bank can help you collect         faster and redeem quicker and we are the only major financial institution         that rewards both debit purchases and credit card purchases with access         to a comprehensive choice of more than 800 reward and travel options,” added         Mr. Taylor.
BMO also announced that the new $1.6 million branch will receive its         electricity from Bullfrog Power, which provides homes and businesses         in Ontario and Alberta with electricity generated from clean, renewable         sources like wind power and low-impact hydro. BMO has purchased 5,000         Megawatt Hours per year of clean, emission-free electricity from Bullfrog         Power. 
The hours of operation           at the 67th Street branch are: 
    - 9:30 a.m.         to 4:00 p.m. Monday to Wednesday;
 
    -  9:30 a.m. to 7:00 p.m. Thursdays; 
 
    -  9:30 a.m. to 5:00 p.m. Fridays; and
 
    -  9:00 a.m. to 3:00 p.m. Saturdays.
 
The branch will hold a grand opening ceremony on Saturday, September         13, 2008. 
About BMO Bank of Montreal
Established in 1817 as Canada's first bank, BMO Bank of Montreal         operates 111 branches in Alberta and provides financing to more than       27,000 small businesses in the province.
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