News Releases

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2011) - BMO Bank of Montreal invites clients and members of the community to celebrate the grand opening of its new full-service branch in Vancouver's Oakridge Center at 650 West 41^st Avenue on Saturday, October 22^nd.

"British Columbia's economy is expected to grow at an above-average pace through 2012, helped by high resource prices and strong Asian export demand. Vancouver's population, which expanded nearly 2 per cent, per year, over the past decade, continues to grow at an above-average rate," said Robert Kavcic, Economist, BMO Capital Markets. "The housing market has also shown signs of cooling in recent months, and moderating prices along with still-low mortgage rates should help improve affordability in the city."

"We are excited to be offering our customers a full suite of banking services in one of Vancouver's most prestigious malls. The branch features a variety of banking conveniences, including a foreign exchange ATM; 'Virtual Advisors,' a webcam video conferencing service that offers immediate access to additional BMO financial experts such as small business bankers and financial planners; and the 'Discovery Centre', a computer kiosk used to access Online Banking," said Jennifer Muench, Vice President, Vancouver District, BMO Bank of Montreal.

The Foreign Exchange Currency (FX) ATM, the first for any bank in Canada, offers customers instant access to U.S. Dollars, British Pounds, Euros and Mexican Pesos.

In order to meet the needs of its growing customer base, the new branch is outfitted with the latest banking conveniences, including:

• Free coin counter;
• New mechanized safety deposit boxes;
• Access to commercial account and deposit services;
• Two ATMs;
• Free parking in the shopping centre complex; and
• Barrier-free access.

Grand Opening Details: