News Releases

EDMONTON, ALBERTA--(Marketwire - Oct. 28, 2011) - BMO Bank of Montreal announced today the opening of a new full-service banking branch in Oliver Square at 11331 -104^th Avenue, in one of the oldest and most dense residential areas of Edmonton.

The new open-concept branch offers customers extended banking hours and is designed to provide a great banking experience through 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 nine different languages;
• Access to commercial account and deposit services;
• Two ATMs;
• Free customer parking; and
• Barrier-free access.

"We are thrilled to be opening our doors in this vibrant and diverse community," said Patrick Dorey, Branch Manager, BMO Bank of Montreal. "The new branch's extended hours will make it easier for our customers and other members of the community including local business owners - to come in and speak with our team about their financial needs."

"Alberta's economy is expected to post solid 3.1 per cent growth in 2011, as high oil prices are again fuelling activity in the energy sector, which in turn is driving strong labour market performance," said Robert Kavcic, Economist, BMO Capital Markets. "Population growth has picked up again in Edmonton and home prices and sales have regained some momentum this year."

To celebrate the opening of the new branch, between October 29 and November 30, BMO's Oliver Square branch is lending a hand to young customers wishing to open their first account by matching each child's first deposit of twenty-five dollars.

BMO's new Oliver Square branch extended hours of operation are:

• 9:00 a.m. to 6:00 p.m. Monday to Wednesday;
• 9:00 a.m. to 8:00 p.m. Thursday and Friday;
• 9:00 a.m. to 4:00 p.m. Saturday; and
• 12:00 p.m. to 4:00 p.m. Sunday.

The grand opening celebration will take place on December 10, 2011.