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BMO Grows to Support Expanding Barrie PopulationLocal Economic Growth Expected to Exceed National Average

BARRIE, September 15, 2008 – BMO Bank of Montreal today opened the doors to its sixth branch in booming Barrie, Ontario. The 6,221 square foot branch is conveniently located in the south-end at Mapleview and Bryne Drives. The City of Barrie can benefit from familiar faces and a knowledgeable staff who will provide each customer with a tailored banking experience.

“BMO is confident about the economic long-term growth of Barrie,” said Kelly Hastings, Branch Manager, BMO Bank of Montreal. “Our customers have been requesting a branch in the south-end area for quite some time. We are extremely excited to open this new branch and provide an exceptional customer experience, in a convenient location,” added Ms. Hastings.

“The Barrie Computer Centre is another example of BMO's commitment to the City of Barrie. The state-of-the-art data centre provides a highly-efficient processing infrastructure that supports BMO's operations worldwide.”

“Population growth in Barrie was a robust 4.8% per year between 2001 and 2006, well above both the provincial and national rates,” said Robert Kavcic, Economic Analyst. “In addition, the recent opening of GO Train services to Toronto has enhanced commuting ease and the ability of residents to take higher-paying jobs in the downtown core. This is great for the economy, merchants, and community at large,” added Mr. Kavcic.

Kelly's team of 14 employees include:

  • Customer Service Representatives
  • Financial Services Managers
  • BMO Bank of Montreal Financial Planner
  • Investment and Retirement Planning
  • BMO Nesbitt Burns Investment Advisor

BMO's Barrie branch offers longer hours and will operate from:

Monday to Wednesday 9:30am to 4:30pm
Thursday & Friday 9:30am to 8:00pm
Saturday 9:30am to 3:00pm

The branch is equipped with two Instabank machines for your everyday financial transactions as well as a drive-through ABM.

“Plus if you're one of the millions of AIR MILES collectors in Canada, we have another reason for you to bank with BMO,” said Susan Markus, Personal Banking Area Manager. “No other bank can help you collect faster and redeem more quickly because we are the only major financial institution that rewards debit and credit card purchases, including online purchases, with access to a comprehensive choice of more than 800 reward and travel options,” she said.

In April, BMO Bank of Montreal enhanced its Mosaik Gold AIR MILES Reward Option, providing cardholders an exclusive 20 per cent discount on all AIR MILES flight redemptions worldwide.

The branch will hold a grand opening ceremony on Thursday, October 9, 2008.

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