News Releases

MARKHAM, ONTARIO--(Marketwire - Oct. 22, 2011) - BMO Bank of Montreal has opened a new full-service banking branch in Markham at 5221 Highway 7, located at the intersection of Highway 7 and McCowan Road.

The new, open-concept branch is designed to facilitate conversations that help customers to control spending, grow savings, borrow smartly and invest wisely, and features a variety of financial services and conveniences including:

• A free coin counter – a simple-to-use kiosk which counts your loose change;
• Services provided in five different languages;
• Access to commercial account and deposit services;
• Two ATMs and a convenient drive-thru ATM;
• Free parking for BMO customers; and
• Barrier-free access.

"We are excited to be opening our doors in this growing multicultural community," said Nancy Chiu, Branch Manager, BMO Bank of Montreal. "With residential sales in Markham trending upwards, we invite new and existing customers to come visit our team at the new branch and learn how BMO can help home buyers become mortgage free faster and save thousands of dollars in interest over time."

"The GTA represents the heart of the Canadian economy, home to a diverse range of Fortune 500 businesses," said Robert Kavcic, Economist, BMO Capital Markets. "Markham is an important and fast-growing part of the Toronto economy and has seen its population more than double since 1990."

The new BMO branch represents a $1.7 million investment into the community and will serve the expanding needs of its residents.

"To celebrate the opening of our new branch, between October 22 and November 30, we are happy to offer customers who invest $10,000 into a one to five year Guaranteed Investment Certificate (GIC) a complimentary $108 towards their principal investment," added Ms. Chiu.

BMO's new Highway 7 and McCowan Road branch extended hours of operation are:

• 9:00 a.m. to 5:00 p.m. Monday to Wednesday;
• 9:00 a.m. to 8:00 p.m. Thursday and Friday and
• 9:00 a.m. to 4:00 p.m. Saturday.