News Releases
FREDERICTON, NEW BRUNSWICK and HALIFAX, NOVA SCOTIA, November 10, 2010 – BMO Financial Group today announced it has launched a Flood Relief Program for its customers who have suffered damage or loss of income resulting from flooding in
“This is a very real crisis; flooding has isolated some communities as rivers overflow and roads and bridges are partially destroyed,” said Steve Murphy, Senior Vice President, Atlantic Canada, BMO Bank of
The BMO Bank of Montreal Flood Relief Program includes:
- Personal loan payments deferrals – various options.
- Personal mortgages – deferral of the principal and interest payments for a period of two months.
- Special accommodations for commercial clients affected by the flooding are being developed on a case-by-case basis.
“We've always stood behind our customers, through good times and challenging times, and we are ready to assist qualifying BMO personal and business customers by deferring payments on their loans, mortgages or lines of credit,” added Murphy.
BMO Bank of
– 30 –
For news media inquiries, please contact:
Sarah Bensadoun,
Paul Cunliffe,
Matthew Duffin,