News Releases

FREDERICTON, August 31, 2010 – BMO Bank of Montreal today announced the appointment of Stéphane Dorais as Commercial Banking Area Manager for Northern New Brunswick.

Mr. Dorais will assume leadership of BMO commercial banking teams in Fredericton, Woodstock, Grand Falls, Edmundston and Bathurst.

Mr. Dorais holds a Bachelor in Administration from the University of Moncton and has thirteen years experience in commercial banking, including ten with BMO Bank of Montreal.

"I'm extremely pleased that Mr. Dorais is rejoining BMO in this senior commercial position," said Christine Cooper, Vice-President, New Brunswick and PEI District, BMO Bank of Montreal. Stéphane has demonstrated strong leadership in managing commercial teams and working with entrepreneurs, and will be focused on growing our commercial book and providing exceptional service to our business clients."

"My commercial colleagues and I look forward to helping local entrepreneurs achieve their business objectives while contributing to the economic growth of New Brunswick," said Stéphane Dorais.

BMO Bank of Montreal 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 27 per cent. "We understand the businesses of our clients and can provide tools such as BMO SmartSteps for Business, advice and expertise to help lower their costs, save money and run their businesses more efficiently," added Mr. Dorais. "We're open for business."

BMO Bank of Montreal opened its first branch in New Brunswick in 1867 and now operates 24 full-service branches in the province. BMO provides financing to more than 3,700 commercial entities in New Brunswick for a total of more than $1.6 billion.