News Releases

• BMO's first full-service branch in British Columbia open seven days a week
• BMO continues to offer five-year fixed mortgage at 3.99 per cent with maximum 25-year amortization to help Canadians become mortgage-free faster
• New branch fuelled by clean energy from Bullfrog Power ^TM1

TORONTO, July 26, 2010 – BMO Bank of Montreal today opened a new $1 million, state-of-the-art branch, located at 100 Esplanade Avenue East at Lonsdale in North Vancouver.

Branch Manager Stan Yee will lead a team of nine professionals providing Lonsdale Quay residents and businesses with personal and commercial financial services. Within the branch, customers can expect a highly qualified team including a financial planner, an investment advisor, and a mobile mortgage specialist.

"Lower Lonsdale is going through a significant revitalization and development process and we look forward to working with and supporting its economic growth," said James Kitamura, Personal Banking Area Manager, North Shore & Sunshine Coast, BMO Bank of Montreal. "BMO purposely chose this location for its high energy and future economic growth. The numerous shops and restaurants mixed in with multi-unit residential towers and homes make this an ideal area for this urban designed bank branch," added Mr. Kitamura.

Special features within the branch to provide excellent customer service include:

• Coin counting machine, useful for small businesses and personal customers
• Two InstaBank automated banking machines (ABMs)
• Access to personal & commercial account and deposit services
• Full wheelchair accessibility

Hours of operation for BMO's Lonsdale & Esplanade branch are:

Monday to Wednesday 9:00 a.m. to 6:00 p.m.
Thursday and Friday 9:00 a.m. to 8:00 p.m.
Saturday 9:00 a.m. to 4:00 p.m.
Sunday 12:00 p.m. to 4:00 p.m.

"We also want to bring clarity to home financing decisions by providing expert advice and tips to our customers, including how to shorten their mortgage amortization and save thousands of dollars in interest," said Mr. Yee. "For customers who want to become mortgage-free faster, pay less interest and have the comfort of a fixed interest rate, our five-year fixed rate closed mortgage at 3.99 per cent is the best option," added Mr. Yee. "This new mortgage product offers a maximum 25-year amortization. It's the right mortgage for the times."

BMO in British Columbia

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. In British Columbia, BMO has more than 3,000 employees and serves customers from 116 BMO Bank of Montreal branches, 6 BMO Nesbitt Burns offices and 6 BMO Harris Private Banking locations.

BMO is an active corporate citizen in North Vancouver through numerous sponsorships such as the annual BMO Grouse Grind Mountain Run which takes place on September 26th, and through donations to Lion's Gate Hospital and scholarships at Capilano University.

Lonsdale & Esplanade Branch will host its grand opening celebration on August 21^st, 2010.