News Releases

FREDERICTON, April 27, 2010 - BMO Bank of Montreal today announced the appointment of Lee Winchester as Personal Banking Area Manager for Western New Brunswick.

Mr. Winchester will assume leadership of a team of 154 professionals who serve customers through BMO's network of 14 branches in Western New Brunswick.

Mr. Winchester holds a Bachelor of Commerce and a Bachelor of Science - Economics degrees from Dalhousie University. He has more than 13 years experience with BMO Bank of Montreal, including the past five years as manager of BMO's main branch in Fredericton. He is also President of the Fredericton Chamber of Commerce.

"Throughout his career, Mr. Winchester has demonstrated a commitment to outstanding customer service while leading his teams to superior performance," said Christine Cooper, Vice-President, New Brunswick and PEI District, BMO Bank of Montreal. He will ensure that our employees in Western New Brunswick offer our customers a superior banking experience and personalized financial solutions during each branch visit or conversation."

"I'm excited to be part of a team that is focused on helping BMO customers make sense of financial matters by providing clarity surrounding financial choices and decisions, and helping them save money through initiatives such as BMO SmartSteps," said Mr. Winchester.

Following a 20-minute conversation with their banker, BMO SmartSteps helps customers set aside savings each month, reduce their banking fees, cut the number of years they make mortgage payments and begin paying less income taxes.

Recently, BMO Bank of Montreal also introduced a five-year fixed-rate mortgage that offers the lowest five-year fixed rate on the market at 4.20 per cent and a maximum amortization period of 25 years.

"Customers were telling us that they wanted a mortgage product that was straightforward, easy to understand and would help them achieve their financial goals of being mortgage-free sooner. They also wanted to pay less interest charges over the long run and to be able to enjoy the peace of mind provided by a fixed-rate mortgage," explained Mr. Winchester.

BMO Bank of Montreal opened its first branch in New Brunswick in 1867 and now operates 24 full-service branches in the province.