News Releases
HALIFAX, June 10, 2009 – BMO Financial Group today affirmed its support for customers affected by the downturn in the Atlantic lobster fishery, and spelled out how BMO will continue to help them.
“BMO is committed to standing by our customers in both good times and in difficult ones,” said Steve Murphy, Senior Vice-President, Atlantic Provinces Division, BMO Bank of Montreal. “Many of our employees live and work in the community and have seen first-hand the effect the current downturn in the lobster fishery is having on neighbours, friends and family. We understand what they are going through. Our message to our customers, and even to customers from other financial institutions, is this: come in to see us for a conversation about your financial situation so we can help you through this difficult time.”
BMO customers can apply for:
- deferred principal payments
- other flexible arrangements
Murphy also called on all Canadians to support Canadian lobster fishers by buying lobster this summer. “I encourage everyone to bring more lobster home, invite your neighbours, and enjoy one of Atlantic Canada's real treasures in the back yard. Prices have collapsed to a 20-year low, and Canadian lobster fishers need your support. You'll be having a treat and helping out your fellow Canadians at the same time.”
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