News Releases

GOOSE BAY, February 15, 2010 - BMO Bank of Montreal today opened a new personal and commercial banking branch located at 215 Hamilton River Road in Happy Valley - Goose Bay.

Branch Manager Darlene Anthony will lead a team of four professionals who will provide a full range of financial products and services to personal and commercial clients.

"BMO is highly supportive of communities in Labrador and we have strong working relationships with our aboriginal partners in the area. The establishment of this new branch demonstrates our confidence in the future of Labrador where we now operate three branches," said Janet Peddigrew, District Vice-President, Newfoundland and Labrador, BMO Bank of Montreal.

"Happy Valley - Goose Bay residents will have access to expert financial advice, whether it"s finding the right mortgage solution or planning for retirement. Our customers can start putting money back in their pockets by taking advantage of our BMO SmartSteps initiative," added Mrs. Peddigrew.

"We are committed to providing every one of our customers with the best banking experience," said Branch Manager Darlene Anthony. "Our customers can be sure they will be met by a knowledgeable professional who will sit down and help them understand our products and services, so they can confidently make the right decisions with their money."

Customers can expect:

• A highly experienced team of in-house experts,
• Access to commercial account and deposit services;
• One Instabank automated banking machine (ABM) accessible 24/7, featuring one night deposit; and
• Full wheelchair accessibility.

BMO"s Happy Valley - Goose Bay Branch will be open from 10 a.m. to 5 p.m., Monday to Friday.

"BMO is here to help customers Make Money Make Sense, especially during these economic times," said Mrs. Peddigrew. "We are pleased to offer historically low mortgage rates and advice. First-time homebuyers have the ability to lock in at historically low rates and if they are not ready to buy at this time, our First Home Essentials Kit can provide a step-by-step guide to entering the real estate market."

Customers of the new BMO branch will also be able to take advantage of the BMO SmartSteps program that provides a straightforward approach to savings through lower fees, lower interest costs and minimizing taxes.