BMO - Bank of Montreal
The
Bank of Montreal better known as BMO to most Canadians is one of the big 5 Canadian banks. BMO is the oldest Canadian bank and it opened for business in 1817 in Montreal, Quebec. BMO has close to 35,000 employees worldwide and provides a wide array of financial, banking, wealth management and investment services. BMO Bank of Montreal has over 1,100 bank branches, and more than 2,200 ATMs in Canada and US combined.
While BMO Bank of Montreal, offers personal and commercial banking, BMO Nesbitt Burns is the wealth management arm of BMO financial Group. BMO Capital Markets is the North American corporate and investment banking division of Bank of Montreal. BMO Financial Group also serves the US financial market through Harris Bankcorp Inc., which acquired in September of 1984 and BMO Capital Markets.
The BMO Financial Group consists of three major client groups - Personal and Commercial Banking, Private Client Group, and BMO Capital Markets.
The Personal and Commercial Banking division of BMO serves more than 8,000,000 Canadian and US customers. The BMO Personal and Commercial Banking division offers checking and savings accounts, mortgages, personal loans, lines of credit, MasterCard credit cards, RRSP accounts, mutual funds and a variety of insurance products. The Private Client Group division of BMO offers wealth management services like direct investing, and private banking. BMO Capital Markets offers equity and debt underwriting, merchant banking, institutional sales and corporate lending to institutional, corporate and government clients.
BMO Financial Group purchased the naming rights to the National Soccer Stadium in Toronto (Toronto FC home stadium), known as BMO Field.
BMO is a member of the Canada Deposit Insurance Corporation, Interac, MasterCard International, and the Canadian Bankers Association.