News Releases

BMO Invests $1.4 million to Serve Scarborough's Diverse Community

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SCARBOROUGH, October 31, 2008 – BMO Bank of Montreal today opened the doors to a 4,000 square foot branch at 4411 Kingston Road near Lawrence Avenue in Scarborough, Ontario.

“BMO is a community based bank with a passion for reaching out to our new neighbours,” said Andrea Hazell, Branch Manager, BMO Bank of Montreal. “We are ‘making money make sense' by providing the clarity customers need to make sound financial decisions. Our commitment has never been more relevant than it is now given today's economic realities.”

BMO's new branch is equipped to accommodate the needs of this diverse region.

“The GTA represents the heart of the Canadian economy, home to the financial centre and a diverse range of Fortune 500 businesses,” said Robert Kavcic, BMO Economic Analyst. The city's population has expanded at a steady 2.3 per cent annual rate over the past decade, boosting construction activity and lifting home values by more than 5 per cent per year. Scarborough is an important part of the Toronto economy, which continues to see sturdy population growth thanks to its popularity as a location for new Canadians.”

Andrea's team of 17 employees include:

Customer Service Representatives
Financial Services Managers
BMO Bank of Montreal Financial Planner, Investment and Retirement Planning
Commercial Relationship Manager
BMO Nesbitt Burns^� Investment Advisor

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

Monday to Wednesday 9:30 a.m. to 6:00 p.m.
Thursday & Friday 9:30 a.m. to 8:00 p.m.
Saturday 9:30 a.m. to 4:00 p.m.

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 Bill Crook, 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.”

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 grand opening ceremony will be held on Thursday, December 18, 2008.

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