News Releases

SAINT JOHN, NB and HALIFAX, NS, December 15, 2010 – BMO Financial Group today indicated that its Flood Relief Program, introduced on November 10, is still available for its customers who have suffered damage or loss of income resulting from flooding in New Brunswick and Nova Scotia.

“The recent storms have caused flooding and power outages, isolating some communities like St. Stephen,” said Christine M. Cooper, Vice President, New Brunswick & PEI District, BMO Bank of Montreal. “We want to assist our customers and residents of the communities that are being affected, and we hope that these initiatives will help alleviate some of the difficulties they face,” added Ms. Cooper.

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,” said Steve Murphy, Senior Vice President, Atlantic Canada.

BMO Bank of Montreal customers are invited to visit their local branch and to speak to a financial services manager about their particular financial needs resulting from the floods.