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BMO Bank of Montreal Deepens Its Commitment With The City of Yellowknife By Opening Its First Stand-Alone Bank Branch

YELLOWKNIFE, NT, August 31, 2009 – BMO Bank of Montreal opened its new Yellowknife branch today investing $3.2 million in the city’s first “stand-alone” bank building. The new branch replaces an older branch three kilometres away in the Centre Square Mall.

The state-of-the-art BMO Yellowknife branch, which is located at 480 B Range Lake Road, at Old Airport Road, is in a shopping and commercial area with free parking for BMO customers and convenient access to a variety of other stores and services.

“The new branch demonstrates our commitment to meeting the growing needs of our customers in Yellowknife and the surrounding region,” said Wes Taylor, Vice President, South, Central & Northern Alberta and the Northwest Territories.

Branch Manager, Janet Porteous and a staff 17 financial professionals, including commercial account managers, are eager to welcome customers to the larger premises which offer 17 private offices for better customer conversations.

“BMO Bank of Montreal employees in Yellowknife are taking a new approach to banking that consists of a series of simple steps that can make a big difference today in how customers manage and save money,” said Ms. Porteous. “We are committed to making money make sense for every one of our clients,” she added.
For added convenience, the new branch features two ABMs for everyday financial transactions and a full-service drive-thru ABM, the first in Yellowknife.
The branch is extending its hours of operation to six days a week:

Monday to Thursday 9:30am to 4:00pm
Friday 9:30am to 5:00pm
Saturday 9:30am to 4:00pm

The official grand opening celebration for the new Yellowknife branch is on Saturday, September 12, 2009.

History of BMO in Yellowknife

The Yellowknife branch of Bank of Montreal first opened on June 16, 1969 with six personnel; the manager was Mr. G.L. McRae, the branch located in the Arthur Laing Building at the corner of 49th Street and Franklin Avenue was a five-storey structure of steel and precast concrete with the top four floors occupied by the Government of the Northwest Territories. It was considered the most modern building in Yellowknife at the time and was fully equipped, including telex facilities.

In the early 90’s the branch moved to another modern building in the brand new Centre Square Mall, where it is located today. This mall is considered the largest mall in Yellowknife.

The new branch carries on the tradition.

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