News Releases

• "Vaughan is regarded as an attractive location for businesses starting or relocating in Ontario," Robert Kavcic, Economist, BMO Capital Markets
• New bullfrogpowered branch represents an investment of $1.8 million in the Vaughan community
• Team of financial professionals helping Make Money Make Sense six days a week in seven languages

VAUGHAN, ON, April 19, 2010 - BMO Bank of Montreal today announced the opening of a new branch at 1621 Rutherford Rd. in Vaughan.

The branch includes a team of 13 multi-lingual financial professionals, including a BMO Nesbitt Burns advisor, who can collectively provide a full range of financial services and advice in seven different languages including English, Cantonese, Farsi, Hebrew, Italian, Mandarin, and Russian.

"BMO is committed to expanding its presence in the Greater Toronto Area and providing an exceptional customer experience by opening this new branch in Vaughan," said Curtis Scragg, District Vice-President, GTA North, BMO Bank of Montreal. "Vaughan has experienced tremendous growth and this new branch allows us to serve our residential and commercial customers in this thriving area. We look forward to working with and supporting the community's economic growth."

In January, BMO launched SmartSteps for Business, a tool that offers small business owners tips to make banking more efficient and boost productivity. Using BMO SmartSteps for Business, business owners can assess their banking needs and get a customized plan that includes: managing cash, banking and daily operations, tips for investing, and financial needs that go beyond their business.

"Vaughan is regarded as an attractive location for businesses starting or relocating in Ontario," said Robert Kavcic, Economist, BMO Capital Markets. "Vaughan boasts a below-average unemployment rate and is among Canada's fastest growing municipalities, with its population expanding by a third in the five years through 2006 and nearly doubling in the past fifteen years."

Hours of operation for the new branch are:

Monday to Wednesday 9:30 a.m. to 4:30 p.m.

Thursday to Friday 9:30 a.m. to 8:00 p.m.

Saturday 9:30 a.m. to 3:00 p.m.

"Vaughan is a great place to do business, and our team of knowledgeable financial professionals are ready to help entrepreneurs in the area," said Colleen Kennedy, Branch Manager, BMO Bank of Montreal. "As businesses continue to set up here, our staff can provide the necessary tools and advice they need to successfully grow their business."

Official branch opening celebrations will be held on June 19, 2010.