News Releases

MISSISSAUGA, ONTARIO--(Marketwire - Oct. 5, 2011) -

Editors Note: There is a photo associated with this press release.

BMO Bank of Montreal has opened a new full-service banking branch in the City of Mississauga at 6085 Creditview Road, located at the intersection of Creditview Road and Britannia Road West.

Mississauga is Canada's sixth most populous city, with growth projections of 11 per cent over the next five years. The new branch represents an investment of $1.1 million into the community.

"Mississauga continues to see strong housing activity, with sales running about in-line with the 10-year average after a very strong post-recession surge, and average prices holding at record levels in recent months," said Robert Kavcic, Economist, BMO Capital Markets. "A diverse labour market and steady population growth continue to support economic activity in the city."

The new BMO branch is designed to create a welcoming, comfortable banking experience and offers a variety of financial services and conveniences including:

• Free coin counting machine;
• Services provided in seven different languages;
• Access to commercial account and deposit services;
• Two ATMs;
• Free parking for BMO customers; and
• Barrier-free access.

"We are thrilled to be opening our doors in this rapidly expanding community," said Christopher Holgate, Branch Manager, BMO Bank of Montreal. "With residential sales in Mississauga trending upwards, we invite new and existing customers to come visit our branch and learn how BMO can help home buyers become mortgage free faster and save thousands of dollars in interest over time.

"To celebrate the opening of our new branch, those customers who open a new Primary Chequing Account along with a Premium Rate Savings Account with Performance Plan will receive a credit of $150 into their new account, courtesy of BMO," added Mr. Holgate.

BMO's new Creditview Road branch hours of operation are:

• 9:30 a.m. to 4:30 p.m. Monday to Wednesday;
• 9:30 a.m. to 8:00 p.m. Thursday and Friday;
• 9:30 a.m. to 3:00 p.m. Saturday; and
• 12:00 p.m. to 4:00 p.m. Sunday.

The grand opening celebration will take place on April 16, 2012.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20111004-bmocreditviewopening800.jpg.