News Releases

SASKATOON, SASKATCHEWAN--(Marketwire - Oct. 24, 2011) - BMO Bank of Montreal has opened a new full-service banking branch today in Confederation Mall at 300 Confederation Drive in Saskatoon.

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:

• Access to commercial account and deposit services;
• Two ATMs;
• Free parking in the mall; and
• Barrier-free access.

"We are thrilled to be opening our doors in a newly renovated space within the mall," said Jocelyne Aucoin, Branch Manager, BMO Bank of Montreal. "As a bustling new community within the Confederation Suburban Development Area, we encourage new and existing customers to learn about how BMO can help new home buyers become mortgage free faster and save thousands of dollars in interest over time."

The Hampton Village area is a young and vibrant community that surrounds the redeveloped Confederation Mall. The new branch represents a $1.3 million investment into the community and will serve the growing needs of the Villages' residents.

"Saskatchewan's economy continues to boast the strongest growth prospects in Canada, with real GDP expected to grow about 3 per cent through 2012," said Robert Kavcic, Economist, BMO Capital Markets. "Saskatoon has benefited from inward migration, strong growth in home sales and record home prices."

"To celebrate the opening of our new branch, BMO is lending a hand to young customers wishing to open their first account by matching each child's first deposit of twenty-five dollars," added Ms. Aucoin.

BMO's Confederation Mall Road branch's extended hours of operation are:

• 9:30 a.m. to 4:00 p.m. Monday to Wednesday;
• 9:30 a.m. to 8:00 p.m. Thursday and
• 9:30 a.m. to 5:00 p.m. Friday; and
• 9:30 a.m. to 4:00 p.m. Saturday;

The grand opening celebration will take place on November 19, 2011.