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BMO Banks on Growth in St. Albert with Opening of $1.6 Million Full-Service Bank Branch

EDMONTON, AB, February 2, 2009 – BMO Bank of Montreal today opened a new 5,530 square foot personal and commercial banking branch in the south area of the city to service the established and expanding residential and commercial area of St. Albert.

The new BMO branch represents an investment of $1.6 million in the St. Albert community. The branch is located at 2 Hebert Road in the Gateway Village Shopping Centre, and is easily accessible by car, right off St. Albert Trail.

The branch is home to a team of 15 personal banking and investment professionals who are eager to provide a great customer experience to all new and existing BMO customers.

“We are committed to making money make sense for every one of our customers, by bringing clarity to the complexities of money,” said Linda McLeod, Branch Manager, BMO Bank of Montreal. “To highlight our commitment to excellence in customer service we are offering a $100 cash deposit to all new customers who open a new chequing account between February 2 and March 2 and complete the PowerSwitch by March 31, 2009.”

Customers can expect:

  • A highly experienced team of in-house experts including personal and commercial banking managers, financial services representatives, and a mortgage specialist;
  • Access to commercial account and deposit services;
  • Two Instabank automated banking machines (ABM), including a drive-through 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 Lynda Taylor, Vice-President, Edmonton District, 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 Ms. Taylor.

In addition, Branch Manager, Linda McLeod said, “This is a great time for first-time homebuyers to come in and talk to us given the falling house prices and decreased mortgage rates.” And BMO Bank of Montreal is helping remove the complexity that comes with making the biggest purchase of their life with a new home-buyer's ‘kit' specifically for the first-time buyer.

BMO's Gateway Village branch is the 16th branch in Alberta to have Green Energy. It 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 Gateway Village BMO branch's hours of operation are:

  • 9:30 a.m. to 4:00 p.m. Monday to Wednesday;
  • 9:30 a.m. to 7:00 p.m. Thursdays and Fridays; and
  • 9:30 a.m. to 4:00 p.m. Saturdays

The branch will hold a grand opening ceremony on Saturday, May 9, 2009.

About BMO Bank of Montreal
Established in 1817 as Canada's first bank, BMO Financial Group has over 2,500 employees in the province. BMO provides financing to more than 27,000 small businesses in Alberta and annually demonstrates its commitment to be an active corporate citizen in the community through numerous donations and sponsorships in the Edmonton area.

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