News Releases

ST. JOHN'S, NEWFOUNDLAND, June 10, 2010 - BMO Bank of Montreal today announced the appointment of Jim Fallon as Vice-President for the Newfoundland & Labrador District.

Mr. Fallon will assume leadership of a team of 235 professionals who serve customers through BMO's network of 23 branches in Newfoundland & Labrador.

Mr. Fallon was born in St. John's and holds a B.A. in Economics from Memorial University of Newfoundland & Labrador and an MBA from Dalhousie University. He has 30 years experience with BMO Bank of Montreal, including the past seven years as Area Manager for Eastern Newfoundland.

"Throughout his career, Jim has demonstrated a commitment and passion to customer service and sales while leading his teams to superior performance," said Steve Murphy, Senior Vice-President, Atlantic Provinces Division, BMO Bank of Montreal. "He will ensure that our employees offer clients an exceptional banking experience and personalized financial solutions during each branch visit or conversation."

"My commercial colleagues and I look forward to helping local entrepreneurs achieve their business objectives while contributing to the economic growth of Newfoundland & Labrador," said Mr. Fallon.

BMO has been very successful at growing market share in small business lending and is now the second leading lender in Atlantic Canada, with a market share of 26.2 per cent. "We understand the businesses of our clients and can provide value-added advice and expertise, while continuing to innovate with programs such as BMO SmartSteps for Business," added Mr. Fallon. "We're open for business."

BMO Bank of Montreal is focused on helping its personal banking customers make sense of financial matters, by providing clarity surrounding financial choices and decisions. "We can help you save money through initiatives such as BMO SmartSteps and our new five-year fixed mortgage at 4.25 per cent, with a maximum 25-year amortization," said Mr. Fallon.

Mr. Fallon is very active in the community, supporting many local charities including Shelter from the Stor, Eastern Health Care Foundation and Junior Achievement.

BMO Bank of Montreal opened its first branch in Newfoundland in 1895 and now operates 23 branches and two agencies in the province, while providing financial support to leading education, health-care, cultural and not-for-profit institutions.