News Releases

CALGARY, ALBERTA--(Marketwire - June 4, 2012) - BMO Bank of Montreal announced today the opening of its new full-service banking branch in Calgary, AB. The branch is located in West Spring at #4000-8561 8A Ave.

The new open-concept branch offers customers extended banking hours seven days a week and is designed to provide a great banking experience through a variety of financial services and conveniences, including:

• Services provided in six different languages;
• Access to commercial account and deposit services;
• Two ATMs - including a drive-thru ATM; and
• Barrier-free access.

"BMO is excited to be able to establish one of our new-concept branches in West Springs," said Jerilyn Huminuk, Branch Manager, BMO Bank of Montreal. "We encourage members of the community to come in and speak with our team about their personal finance requirements, including their home financing needs. BMO now offers a 10-year mortgage with a maximum 25-year amortization, which is modeled after our award-winning 5-year maximum 25-year amortization mortgage."

Ms. Huminuk added that choosing a shorter amortization allows Canadians to build equity sooner and save on interest costs. For example, on a $400,000 mortgage at a 5 per cent interest rate, moving from a 30-year to a 25-year amortization can save upwards of $70,000 in interest over the life of the mortgage.

"Alberta's economy significantly outperformed the national average in 2011, as rising oil production fuelled 5.2 per cent real GDP growth," said Robert Kavcic, Economist, BMO Capital Markets. "Alberta should remain atop the leaderboard this year, with growth running more than a full percentage point above the national average at 3.4 per cent."

In celebration of the new branch opening, customers who open a new BMO Primary Chequing Account with a Performance Plan, between June 4 and July 31, 2012, will receive a deposit of $150 to help kick-start their savings.

In addition, parents and children from the community are invited to BMO Kid's Day at the West Springs branch on Saturday, June 9 from 11:00 a.m.-2:00 p.m. Visitors can see the newly designed Kids Area - a space where children can learn about money management basics. BMO offers a number of tools to help families with their personal finances, including BMO SmartSteps for Parents. For more information please visit, www.bmo.com/smartparents.

BMO's new West Springs 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 4:30 p.m. Saturday; and
• 12:00 p.m. to 4:00 p.m. Sunday.

The grand opening celebration will take place on September 9, 2012.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.