Bank of Montreal

This article is about the Canadian bank. For its subsidiary in the United States, see BMO Harris Bank.

Bank of Montreal
Banque de Montréal

Trading name	BMO Financial Group BMO Bank of Montreal
Type	Public
Traded as	TSX: BMO NYSE: BMO S&P/TSX 60 component
Industry	Financial services
Founded	1817; 202 years ago (1817) in Montreal, Lower Canada
Headquarters	Bank of Montreal Head Office, Montreal, Quebec, Canada First Canadian Place, Toronto, Ontario, Canada
Key people	William A. Downe (Retired Chief Executive Officer, BMO Financial Group) Robert Prichard (Chairman, BMO Financial Group) Thomas E. Flynn (CFO, BMO Financial Group) Dave Casper (CEO, BMO Harris Bank) Darryl White (CEO BMO Financial Group)
Revenue	CAD$21.787 billion (2017)[1]
Net income	CAD$4.150 billion (2017)[1]
Total assets	CAD$550.446 billion (2017)[1]
Number of employees	45,200 (FTE, 2017)[2]
Subsidiaries	BMO Capital Markets BMO Harris Bank BMO Nesbitt Burns
Website	Canada: bmo.com US: bmoharris.com Capital Markets: bmocm.com

The Bank of Montreal, doing business as BMO Financial Group, is a Canadian multinational investment bank and financial services company headquartered in Montreal, Canada. One of the Big Five banks in Canada, it is the fourth-largest bank in Canada by market capitalization and assets, as well as one of the ten largest banks in North America. It is commonly known by its acronym BMO (pronounced /ˈbiːmoʊ/), which is also its stock symbol on both the Toronto Stock Exchange and the New York Stock Exchange.^[3]

On June 23, 1817, John Richardson and eight merchants signed the Articles of Association to establish the Bank of Montreal in a rented house in Montreal, Quebec. The bank officially began conducting business on November 3, 1817, making it Canada's oldest bank.^[4] BMO's Institution Number (or bank number) is 001. In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over seven million customers.^[5] The company also has substantial operations in the Chicago area and elsewhere in the United States, where it operates as BMO Harris Bank. BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns. The company is ranked at number 131 on the Forbes Global 2000 list.^[6]

The company has not missed a dividend payment since 1829, paying dividends consistently through major world crises such as World War I, the Great Depression, World War II, and the 2008 financial crisis; this makes the Bank of Montreal's dividend payment history one of the longest in the world.^[7]

Contents

• 
  1 History
  


• 
  2 Architecture
  
  
  
  • 
    2.1 Hockey Hall of Fame building
    
  
  
  
  


• 
  3 Canadian mergers
  


• 
  4 Executives
  
  
  
  • 
    4.1 Founders
    
  
  
  • 
    4.2 Presidents
    
  
  
  • 
    4.3 Chief Executive Officer
    
  
  
  
  


• 
  5 Operations
  
  
  
  • 
    5.1 Corporate governance
    
  
  
  
  


• 
  6 Headquarters
  


• 
  7 Sponsorships
  


• 
  8 Mergers and acquisitions history
  
  
  
  • 
    8.1 Purchase of Harris Bankcorp (1984)
    
  
  
  • 
    8.2 Proposed merger with RBC (1998)
    
  
  
  • 
    8.3 Purchase of BCPBank Canada (2006)
    
  
  
  • 
    8.4 Purchase of GKST Inc (2008)
    
  
  
  • 
    8.5 Purchase of AIG Life Insurance Company of Canada (2009)
    
  
  
  • 
    8.6 Purchase of Diners Club International Franchise (2009)
    
  
  
  • 
    8.7 Purchase of Marshall and Ilsley Corporation (2010)
    
  
  
  • 
    8.8 Purchase of Lloyd George (2011)
    
  
  
  • 
    8.9 Purchase of GE Capital's transportation-finance business (2015)
    
  
  
  • 
    8.10 Purchase of Greene Holcomb Fisher (2016)
    
  
  
  
  


• 
  9 Credit agency ratings
  


• 
  10 Membership
  


• 
  11 See also
  


• 
  12 References
  


• 
  13 Further reading
  


• 
  14 External links
  
  
  
  • 
    14.1 Official sites
    
  
  
  • 
    14.2 Other sites
    
  
  
  
  

History

Bank of Montreal, 10 dollars (1935)
First note printed for the series.

The Bank of Montreal was founded in 1817 as the first bank in Canada.^[8] The Bank of Montreal established branches in Newfoundland on January 31, 1895, following the collapse of the Newfoundland Commercial Bank and Union Bank of Newfoundland on December 10, 1894.^[9]

Newspaper ad for the bank, promoting services to farmers. From 1922

In 1925, Bank of Montreal merged with the Molson Bank. BMO's operational head office moved to First Canadian Place on Bay Street in Toronto in 1977, while its legal headquarters remains at the historic Montreal structure it has occupied since 1847.

Bank of Montreal, like the other Canadian chartered banks, issued its own paper money from 1817 until 1942. Though the last notes were issued during that year, they may have circulated for some time after. In 1944, the Bank of Canada (est. 1934) became the sole issuer of currency in Canada, and notes from private banks were withdrawn.^[10]

Today, the Bank of Montreal commonly goes by the brand name BMO. It is a major international bank with subsidiaries operating in the United States and other countries around the world.

BMO and Simplii Financial (a subsidiary of the Canadian Imperial Bank of Commerce) were the targets of hackers in May 2018, who claimed to have compromised the systems of both banks and stolen information on a combined 90,000 customers (50,000 from BMO).^[11] An email sent from a Russian address and attributed to the hackers demanded a ransom of US$1 million from each company paid via Ripple by 11:59 pm on May 28, 2018 or the information would be released on "fraud forum [sic] and fraud community [sic]."^[12]

Architecture

Bank of Montreal's main Montreal branch at Place d'Armes in Montreal.

A number of buildings in which Bank of Montreal operates branches are designated by various levels of government as being of historic importance. These include:

• The Bank of Montreal, 4896 Delta Street, Delta, British Columbia (1919)^[13]
  


• The Bank of Montreal, 511 Columbia Street, New Westminster, British Columbia (1947–1948)^[14]
  


• The Bank of Montreal, 322 Curling Street, Corner Brook, Newfoundland and Labrador (1915)^[15]
  


• The Bank of Montreal, 426 Portage Avenue, Winnipeg, Manitoba (1927)^[16]
  


• The "Old Bank of Montreal", 100 Victoria Street East, also known as the "Heritage Court", Amherst, Nova Scotia (1906)^[17]
  


• The Bank of Montreal, 1 Main Street West, Hamilton, Ontario (1928)^[18]
  


• The Bank of Montreal, 144 Wellington Street, Ottawa, Ontario built by Ernest Barott of Barott and Blackader, architects, of Montreal^[19][20]
  


• The Bank of Montreal, 3 King Street, Waterloo, Ontario formerly known as the Molson's Bank, by architect Andrew Taylor (1914)^[21]
  

A number of branches were designed by Andrew Taylor including:

• The Bank of Montreal in West End, Ste. Catherine Street West at Mansfield Street, Montreal (1889)


• The Bank of Montreal in Notre Dame Street West Seigneurs Street, Montreal (1894)


• The Bank of Montreal in Point St. Charles Branch, Wellington Street at Magdalen Street, Montreal (1901)


• The Bank of Montreal, St. Catherine Street West at Papineau Street, Montreal (1904)


• The Bank of Montreal, Perth, Ontario (1884)


• The Bank of Montreal, Calgary, Alberta, Stephen Avenue at Scarth Street [now 1 Street SW], (1888)


• Manager's residence for the Bank of Montreal, Quebec City, Quebec, Grande Allee, (1904)


• The Bank of Montreal in Sydney, Nova Scotia; designated by The Cape Breton Regional Municipality as a registered heritage property in 2008, (1901)

Taylor also designed a three-storey structure for the Bank of Montreal on Saint Jacques Street in Montreal in 1818. The building was modelled after a Georgian townhouse with a small portico of Corinthian columns supporting a classical pediment and remains the bank's legal headquarters.^[22] The Bank of Montreal's operational head office is located at First Canadian Place in Toronto, designed by Edward Durrell Stone.

Hockey Hall of Fame building

• The Bank of Montreal, Front & Yonge Streets, Toronto, Ontario (closed). The 1885 Beaux-Arts styled building designed by the Toronto firm of Darling & Curry has been the site of the Hockey Hall of Fame since 1993.^[23]
  

Canadian mergers

BMO, Toronto

BMO, Edmonton

During its history, Bank of Montreal has merged with or acquired several other Canadian banks:

• Commercial Bank of Canada (1868) of Kingston, Ontario – acquired through Merchants Bank


• Exchange Bank of Yarmouth (1903)


• People's Bank of Halifax (1905)


• People's Bank of New Brunswick (1907)


• 
  Bank of British North America (1918)


• Merchants Bank of Canada (1922), as well as several investment banking firms.


• 
  Molson Bank (1925)


• 
  Nesbitt, Thomson and Company - stock brokers (1987)


• 
  Standard Chartered Bank of Canada 2 retail branches (1990s)


• 
  Royal Bank of Canada (2000) – Merged merchant credit/debit card acquiring business with BMO Bank of Montreal's to form Moneris Solutions
  


• 
  Banco Comercial Português (BCP) Canadian operations (2006)

Executives

Founders

The following merchants signed the Articles of Association for the creation of the "Montreal Bank" on June 23, 1817:^[24]

1. 
   Robert Armour (1781–1857) businessman, militia officer, and office holder


2. John C. Bush (? – 1859)


3. 
   Austin Cuvillier (1779–1849)


4. 
   George Garden (c.1772–1828), director from 1817 to 1826 and vice-president from 1818 to 1822.


5. 
   Horatio Gates (1777–1834), merchant and banker, President of BMO 1832–1834


6. 
   James Leslie (1786–1873); bank director


7. 
   George Moffatt (1787–1865); bank director


8. 
   John Richardson (c. 1754 – 1831)


9. Thomas A. Turner (1775 ? – 1834)

Presidents

1. 
   John Gray (1817 to 1820); co-founder and first President


2. 
   Samuel Gerrard (1820 to 1826)


3. 
   Horatio Gates (1826); co-founder and President


4. 
   John Molson (1826 to 1834)^[25]
   


5. 
   Peter McGill (1834 to 1860)


6. 
   Thomas Brown Anderson (1860 to 1869)


7. 
   Edwin Henry King (1869 to 1873)


8. 
   David Torrance (1873 to 1876)


9. 
   George Stephen (1876 to 1881)


10. 
    C. F. Smithers (1881 to 1887)


11. 
    Donald Smith (1887 to 1905)^[25]
    


12. 
    George Alexander Drummond (1905 to 1910)


13. 
    Richard B. Angus (1910 to 1913)


14. Sir Vincent Meredith (1913 to 1927)


15. Sir Charles Blair Gordon (1927 to 1939)


16. Huntly Redpath Drummond (1939 to 1942)


17. 
    George Wilbur Spinney (1942 to 1948)


18. 
    Bertie Charles Gardner (1948 to 1952)


19. Gordon Ball (1952 to 1959)


20. G. Arnold Hart, president from 1959 to 1967 and CEO from 1959 to 1974


21. Fred McNeil, CEO from 1975 to 1979


22. William D. Mulholland, CEO from 1979 to 1989


23. William E. Bradford, President 1981-1983


24. 
    Matthew W. Barrett President from 1987 to 1990 and CEO from 1990–1999


25. 
    F. Anthony Comper CEO from 1999 to 2007


26. 
    Bill Downe (from March 1, 2007 to October 31, 2017)

President was the highest-ranking position at the bank from its founding until the middle of the twentieth century, however this was superseded by chief executive officer in 1959, beginning with G. Arnold Hart. Several of his successors as President were CEO as well, however Matthew W. Barrett was the first top executive not to be styled president.

Chief Executive Officer

Since the middle of the twentieth century, the senior officer of Bank of Montreal has been styled President and chief executive officer beginning with G. Arnold Hart. That officer often also held the title chairman of the board, until 2003 when a non-executive chairman was appointed.

The title of the second-ranking executive has changed several times and has often been left vacant. As deputy to Matthew Barrett, F. Anthony Comper was President and chief operating officer from 1990 to 1999, after which he became chairman and CEO while retaining the title of President. During most of Anthony Comper's tenure as CEO, while there was no official "number two" executive, the CEO of BMO Capital Markets (the investment banking division) was largely considered the second-most powerful officer. Bill Downe ascended from CEO of BMO Capital to chief operating officer of the BMO group, but held the title only for one-year until he succeeded Comper as President and CEO in 2007.

(partial list)

• 
  Matthew W. Barrett (1990 to 1999)


• 
  F. Anthony Comper (1999 to 2007)


• 
  Bill Downe (from March 1, 2007)


• 
  Darryl White (from November 1, 2017)

Operations

Branch at Little Portugal, Toronto, with Banco de Montreal signage in Portuguese

Bank of Montreal branch at Square One Shopping Centre in Mississauga

A typical BMO branch

BMO branch in Richmond Hill, Ontario

BMO is divided into three "client groups" which serve different markets. Each of the client groups operates under multiple brand names.

• 
  Personal and Commercial Client Group (retail banking), including
  
  
  
  • 
    BMO Bank of Montreal (commercial and retail banking in Canada), including BMO's MasterCard credit cards; BMO Life, a life insurance company; and the former virtual bank division mbanx
    
  
  
  • 
    BMO Harris Bank (commercial and retail banking in the United States, headquartered in Chicago)
  
  
  
  


• 
  Investment Banking Group (known as BMO Capital Markets)


• 
  Private Client Group (wealth management), including
  
  
  
  • 
    BMO Nesbitt Burns (full service investing in Canada)
  
  
  • 
    BMO InvestorLine (self-service investing in Canada)
  
  
  • 
    BMO Harris Investor Services (advisory services in the United States)
  
  
  • 
    BMO Private Banking (private banking in Canada and the United States) including Harris myCFO and Cedar Street Advisors (both affiliates of BMO Harris Bank) In 2014–2015 BMO rebranded BMO Harris Private Bank as BMO Private Bank.
  
  
  
  

In October 2008, Mediacorp Canada Inc. named BMO Financial Group one of Greater Toronto's Top Employers.^[26]

Corporate governance

Current members of the board of directors of BMO are: Robert Astley, David R. Beatty, Robert Chevrier, George Cope, Bill Downe, Christine A. Edwards, Ronald Farmer, David A. Galloway, Harold Kvisle, Eva L. Kwok, Bruce H. Mitchell, Philip Orsino, Martha C. Piper, Robert Prichard, Jeremy Reitman, Guylaine Saucier, Don M. Wilson III, and Nancy Southern.

Headquarters

BMO's official legal corporate head office is in Montreal, located on Saint Jacques Street. The chairman, President and some senior division executives work in the Toronto offices at First Canadian Place.

Sponsorships

From at least 2007 through 2011, BMO was a sponsor for the Toronto Maple Leafs.^[27] It has been a sponsor of the Toronto FC of Major League Soccer since 2007^[28] and of its home arena named BMO Field at Exhibition Place.^[29] and the Toronto Raptors. In 2010, BMO extended its agreement with the Toronto FC through the 2016 season.^[30]

In 2005, BMO Bank of Montreal became the title sponsor for the annual May marathon race staged by the Vancouver International Marathon Society. The current name is "BMO Bank of Montreal Vancouver Marathon".^[31]

Since 1997, Bank of Montreal has been a major sponsor of Skate Canada, and is the title sponsor of the BMO Financial Group Canadian Championships, BMO Financial Group Skate Canada Junior Nationals, BMO Financial Group Skate Canada Challenges, BMO Financial Group Skate Canada Sectionals, and BMO Financial Group Skate Canada Synchronized Championships. It is also the presenting sponsor of the CanSkate Learn-to-Skate Program.^[32]

On July 23, 2008, BMO announced it signed a one-race deal with IndyCar team Newman/Haas/Lanigan Racing to appear on the No. 06 car of Graham Rahal in the first-ever IRL-sanctioned Canadian IndyCar race at Edmonton.^[33]

On June 14, 2011, the Montreal Impact announced a five-year agreement with the Bank of Montreal (BMO) to become lead sponsor and jersey sponsor when it became an MLS expansion team in 2012.^[34]

BMO is a founder and major sponsor of the Siminovitch Prize in Theatre, an annual award of $100,000 granted to a Canadian director, playwright, or designer.^[35]

Mergers and acquisitions history

Purchase of Harris Bankcorp (1984)

In 1984, the bank greatly expanded its operations in the United States through the purchase of Chicago's Harris Bank.^[36] Harris, rebranded BMO Harris Bank in 2011, has continued to expand additional acquisitions.

Proposed merger with RBC (1998)

In 1998, Bank of Montreal shocked the Canadian financial community and public by announcing plans to merge with RBC. Government regulators later blocked the proposed merger, along with a similar proposal by the Toronto-Dominion Bank to merge with the Canadian Imperial Bank of Commerce.^[37] In December 2000, the banks were successful in merging their credit and debit card processing services to form Moneris Solutions.^[38]

Purchase of BCPBank Canada (2006)

In 2006, BMO bought BCPBank, a Schedule C financial institution that was the Canadian division of Banco Comercial Português, with eight branches in the Toronto-West area.^[39]

Purchase of GKST Inc (2008)

BMO bought Griffin, Kubik, Stephans, and Thompson (GKST) in 2008, a Chicago-based firm that specializes in municipal bonds, U.S. Treasury and agency debt, and mortgage-backed securities with approximately 100 employees handling sales, trading, research, public finance and underwriting.^[40]

Purchase of AIG Life Insurance Company of Canada (2009)

In 2009, BMO purchased AIG's Canadian life insurance business, AIG Life Insurance Company of Canada, for approximately $330 million CAD. The transaction, including 400,000 customers and 300 employees, made BMO the second-biggest life insurer among Canadian banks. The new component was renamed BMO Life Assurance Company.^[41]

Purchase of Diners Club International Franchise (2009)

In November 2009, Bank of Montreal announced the purchase of Diners Club International's North American franchise from Citibank. The transaction gave BMO exclusive rights to issue Diners cards in the U.S. and Canada. The deal closed in December 2009.^[42]

Purchase of Marshall and Ilsley Corporation (2010)

In December 2010, BMO announced the purchase of Milwaukee-based Marshall & Ilsley Corporation, which operated as M&I Bank. Prior to acquisition, M&I was Wisconsin's largest and oldest bank, with branches in Wisconsin, Minnesota, Missouri, Kansas, Arizona and the Indianapolis market.^[43] When the transaction completed, M&I Bank, along with current Harris Bank branches were rebranded BMO Harris Bank.^[44]

Purchase of Lloyd George (2011)

In January 2011, BMO announced the purchase of Hong Kong-based Lloyd George Management.^[45] Lloyd George has offices in Hong Kong, London (UK), Singapore, Mumbai and Florida and manages a portfolio of approximately US$6 billion.

Purchase of GE Capital's transportation-finance business (2015)

In September 2015, BMO agreed to acquire General Electric Co. subsidiary GE Capital's transportation-finance unit. The business acquired has USD $8.7-billion (CAD $11.5-billion) of assets, 600 employees and 15 offices in the U.S. and Canada. Exact terms were not disclosed but the final price would be based on the value of the assets at closing plus a premium according to the parties.^[46]

Purchase of Greene Holcomb Fisher (2016)

In June 2016, BMO agreed to acquire Greene Holcomb Fisher, a Minneapolis investment bank. Greene Holcomb Fisher also has offices in Seattle and Atlanta. The terms of the acquisition were not released.^[47]

Credit agency ratings

Rating agency Moody's Investors Service began to review the long-term ratings of the Bank of Montreal and other Canadian banks because of concerns about consumer debt levels, housing prices, and a sizable exposure to capital markets in October 2012. In January 2013, the service announced downgrades for Bank of Montreal and five others.^[48]

Membership

Wikimedia Commons has media related to Bank of Montreal.

BMO is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:

• Air Miles


• ATM Industry Association (ATMIA)


• Interac


• 
  Cirrus for MasterCard card users


• 
  Diners Club North America


• 
  MasterCard International

BMO Harris Bank (BMO's US operations) is a member of the Federal Reserve System (FRS) and a registered member of the Federal Deposit Insurance Corporation (FDIC). It is also a member of:

• 
  Cirrus for MasterCard card users


• 
  Diners Club North America


• 
  Interlink for VISA card users


• 
  NYCE for MasterCard card users


• 
  MasterCard International


• 
  PLUS for VISA card users


• VISA

See also

• 
  Companies portal
  


• 
  Banks portal
  

• List of tallest buildings in Milwaukee


• Downtown Jacksonville

References

1. 
   ^ ^abc "BMO Income Statement - Bank Of Montreal Stock - Yahoo Finance". finance.yahoo.com..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
   


2. 
   ^ "BMO Profile - Bank Of Montreal Stock - Yahoo Finance". finance.yahoo.com.
   


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4. 
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5. 
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6. 
   ^ "The Global 2000". Forbes. forbes.com. 2013. Retrieved 2013-11-10.
   


7. 
   ^ Blackwell, Richard (November 25, 2008). "The Explainer: Are bank dividends safe from cuts?". The Globe and Mail. Archived from the original on December 4, 2008. Retrieved May 31, 2018. The big banks have an astonishingly long record of consistently paying dividends. Bank of Montreal has been distributing them non-stop since 1829 - almost 180 years, the longest unbroken record of any Canadian company. Bank of Nova Scotia's streak goes back to 1833, TD's to 1857, CIBC's to 1868 and Royal's to 1870.
   


8. 
   ^ Bélanger, Claude (January 2005). "Bank of Montreal". Marianopolis College. Retrieved 2013-03-18.
   


9. 
   ^ Pound, Richard W. (2005). Fitzhenry and Whiteside Book of Canadian Facts and Dates. Fitzhenry and Whiteside. ISBN 978-1550411713.
   


10. 
    ^ "Bank of Canada Act" (PDF). Bank of Canada. 8 October 2008. p. 30, section 25. Retrieved 2013-03-18.
    


11. 
    ^ Ligaya, Armina (May 28, 2018). "BMO and CIBC's Simplii says fraudsters may have accessed clients' information". Toronto Star. The Canadian Press. Retrieved May 29, 2018.
    


12. 
    ^ "Hackers threaten to reveal personal data of 90,000 Canadians caught in bank hack". CBC News. May 29, 2018. Retrieved May 29, 2018.
    


13. 
    ^ "Bank of Montreal (Delta, BC)". Historicplaces.ca. Retrieved 2013-03-18.
    


14. 
    ^ "Bank of Montreal (New Westminster, BC)". Historicplaces.ca. Retrieved 2013-03-18.
    


15. 
    ^ "Bank of Montreal (Corner Brook, NL)". Historicplaces.ca. Retrieved 2013-03-18.
    


16. 
    ^ "Bank of Montreal (Winnipeg, MB)". Historicplaces.ca. Retrieved 2013-03-18.
    


17. 
    ^ "The Bank of Montreal Building (Amherst, NS)". Historicplaces.ca. 19 January 1981. Retrieved 2013-03-18.
    


18. 
    ^ "Bank of Montreal (Hamilton, ON)". Historicplaces.ca. Retrieved 2013-03-18.
    


19. 
    ^ source document, previously cited, actually lists Barott, not Taylor
    


20. 
    ^ "Bank of Montreal (Ottawa, ON)". Historicplaces.ca. Retrieved 2013-03-18.
    


21. 
    ^ "Bank of Montreal". Historicplaces.ca. Retrieved 2013-03-18.
    


22. 
    ^ Harold D. Kalman (1906-04-17). "Bank Architecture". Thecanadianencyclopedia.com. Retrieved 2011-02-19.
    


23. 
    ^ "Bank of Montreal, BCE Place". Spencer R. Higgins, Architect Incorporated. Retrieved 2014-05-08.
    


24. 
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25. 
    ^ ^ab Martin, Joseph E. (2017). "Titans". Canada's History. 97 (5): 47–53. ISSN 1920-9894.
    


26. 
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27. 
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28. 
    ^ Matsumoto, Rick (23 March 2007). "FC banks on jersey logo". Toronto Star. thestar.com. Retrieved 2013-03-18.
    


29. 
    ^ "BMO Field to be Home for Toronto FC and Canada's National Soccer Teams" (Press release). BMO Financial Group. 20 September 2006. Archived from the original on 26 October 2012. Retrieved 2013-03-18.
    


30. 
    ^ "BMO Renews Toronto FC Jersey Sponsorship" (Press release). marketwire.com. 5 July 2010. Retrieved 2013-03-18.
    


31. 
    ^ "BMO Bank of Montreal Takes the Lead, Becoming the Title Sponsor of the Vancouver Marathon" (Press release). BMO Financial Group. 20 December 2005. Archived from the original on 5 March 2016. Retrieved 2013-03-18.
    


32. 
    ^ "2010 BMO Canadian Figure Skating Championships Begin in London, Ontario" (Press release). BMO Financial Group. 10 January 2010. Archived from the original on 2016-03-04. Retrieved 2013-03-18.
    


33. 
    ^ "Wheels & Deals: Tony Stewart To Announce Number, Sponsors". Sports Business Journal. sportsbusinessdaily.com. 23 July 2008. Retrieved 2013-03-18.
    


34. 
    ^ "Impact Sign Five-Year Jersey Sponsorship With BMO For MLS Debut". Sports Business Journal. sportsbusinessdaily.com. 15 June 2011. Retrieved 2013-03-18.
    


35. 
    ^ "Jury Announced for 2008 Siminovitch Prize in Theatre" (Press release). SiminovitchPrize.com. 20 May 2008. Archived from the original on 11 April 2013. Retrieved 2013-03-18.
    


36. 
    ^ "About Us". BMO Harris Bank. Retrieved 2013-03-18.
    


37. 
    ^ "The Competition Bureau's Letter to the Royal Bank and Bank of Montreal". Government of Canada—Competition Bureau. 11 December 1998. Retrieved 2013-03-18.
    


38. 
    ^ "Our Founding Partners". moneris.com. Retrieved 2013-03-19.
    


39. 
    ^ "BMO Financial Group to Acquire bcpbank Canada" (Press release). BMO Financial Group. 3 August 2006. Archived from the original on 5 March 2016. Retrieved 2013-03-19.
    


40. 
    ^ Olver, Lynne (21 April 2008). "UPDATE 1-Bank of Montreal to buy U.S. bond dealer GKST". Reuters. Retrieved 2013-03-19.
    


41. 
    ^ Callan, Eoin; Sturgeon, Jamie (13 January 2009). "CMO buys AIG's Canadian life insurance unit". Financial Post. financialpost.com. Retrieved 2013-03-18.
    


42. 
    ^ "BMO Financial to buy Diners Club from Citigroup". Toronto Star. thestar.com. 24 March 2009. Retrieved 2013-03-18.
    


43. 
    ^ Gores, Paul (17 December 2010). "M&I to be sold to Canadian bank for $4.1 billion". Milwaukee Journal Sentinel. Jsonline.com. Retrieved 2013-03-18.
    


44. 
    ^ Gores, Paul (6 July 2011). "It's official: M&I is absorbed by Canada's BMO". Milwaukee Journal Sentinel. Retrieved 2013-03-18.
    


45. 
    ^ French, Cameron (11 January 2011). "UPDATE 2-Bank of Montreal buys Hong Kong's Lloyd George". Reuters.com. Reuters. Retrieved 2013-03-18.
    


46. 
    ^ "BMO News Release BMO Financial to acquire GE Capital's transportation finance business" (Press release). 10 September 2015. Archived from the original on 26 December 2015. Retrieved 2015-09-16.
    


47. 
    ^ "BMO buys Minneapolis investment bank Greene Holcomb Fisher". Star Tribune. Retrieved 2016-06-03.
    


48. 
    ^ "Moody's downgrades 6 Canadian banks". CBC News. cbc.ca. 28 January 2013. Retrieved 2013-03-19.
    

Further reading

• Denison, Merrill, 1893–1975. Canada's first bank : a history of the Bank of Montreal. Toronto: McClelland and Stewart, c1966. 2 v. : ill., maps, ports., (some folded, some col). ; 25 cm.


• Nolin-Raynauld, Michelle, 1926–. The Bank of Montreal building on Place d'Armes, 1845–1901 / Michelle Nolin-Raynauld ; foreword by Jean Bélisle ; translated by Judith Berman. Montreal : Varia Press, c1999. 143 p. : facsm., ill., plans ; 23 cm. Originally presented as the author's thesis (master—Université de Montréal), 1984, under the title: L'architecture de la Banque de Montréal à la Place d'Armes. Translation of: L'édifice de la Banque de Montréal à la Place d'Armes, 1845–1901.
  ISBN 2-922245-12-8
  


• BMO Financial Group Corporate Archives, Montreal


• Rupert Canadian Investment Bank Review McGraw-Hill Ryerson, Limited 1992

External links

Official sites

• BMO Bank of Montreal's web site


• BMO Harris's website


• BMO 2015 Annual Report


• BMO SmartFolio

Other sites

• 
  BMO stock quote from TSX
  

v t e Banks and credit unions in Canada
Banks Big Five Bank of Montreal Canadian Imperial Bank of Commerce Simplii Financial Royal Bank of Canada Scotiabank Tangerine Toronto–Dominion Bank (TD Canada Trust) Other banks AMEX Bank of Canada Bank of China (Canada) Bridgewater Bank Business Development Bank of Canada Canadian Tire Bank Canadian Western Bank Citibank Canada CTBC Bank (Canada) Equitable Bank Exchange Bank of Canada First Nations Bank of Canada HSBC Bank Canada ICICI Bank Canada Laurentian Bank of Canada Manulife Bank of Canada Meridian Bank National Bank of Canada President's Choice Bank Rogers Bank Vancity Community Investment Bank VersaBank Wealth One Bank of Canada Deposit insurance Canada Deposit Insurance Corporation
Credit unions Canadian Credit Union Association Credit unions Affinity Credit Union Aldergrove Credit Union Alterna Savings Assiniboine Credit Union BlueShore Financial Coast Capital Savings Concentra Financial Conexus Credit Union Desjardins Group DUCA Credit Union Envision Financial First Calgary Financial First West Credit Union Gulf and Fraser Fishermen's Credit Union Island Savings Kootenay Savings Credit Union Libro Financial Group Meridian Credit Union Servus Credit Union Steinbach Credit Union TCU Financial Group UNI Financial Cooperation Vancity Windsor Family Credit Union Your Credit Union Your Neighbourhood Credit Union Credit union centrals Atlantic Central (NB, NL, NS & PEI) Central 1 Credit Union (ON & BC) Credit Union Central of Alberta Credit Union Central of Manitoba SaskCentral (SK) Deposit insurance Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Nova Scotia Ontario Prince Edward Island Saskatchewan
Other financial institutions Federal financial institutions Farm Credit Canada Provincial financial institutions ATB Financial

v t e Bank of Montreal
Chief Executive Officer: William A. Downe FY 2007 Statistics: Net income: $2.1 billion CAD (4%) Market capitalization: $28.9 billion CAD Assets: $366.5 billion CAD Employees: 35,827 Stock symbols: TSX: BMO NYSE: BMO Website: www.bmo.com
Major brands by financial service Financial group: BMO Canadian banking: BMO Financial Group U.S. banking: BMO Harris, Harris myCFO and Cedar Street Advisors Canadian Mutual Funds: BMO Mutual Funds and Guardian Group of Funds Canadian self-service investing: BMO InvestorLine Canadian full-service investing: BMO Nesbitt Burns U.S. brokerage: BMO Harris Investor Services Canadian insurance: BMO Life Capital markets: BMO Capital Markets

v t e S&P/TSX 60 companies of Canada (December 28, 2018)

Agnico Eagle Mines Alimentation Couche-Tard ARC Resources Bank of Montreal Barrick Gold Bausch Health BCE Inc. BlackBerry Bombardier Brookfield Asset Management Cameco Canadian Imperial Bank of Commerce Canadian National Canadian Natural Resources Canadian Pacific Canadian Tire CCL Industries Cenovus Energy CGI Group Constellation Software Crescent Point Energy Dollarama Emera Enbridge Encana First Quantum Minerals Fortis Inc. Franco-Nevada George Weston Limited Gildan Goldcorp Husky Energy Imperial Oil Inter Pipeline Kinross Gold Loblaw Companies Magna International Manulife Metro National Bank of Canada Nutrien OpenText Pembina Pipeline Power Corporation Restaurant Brands International Rogers Communications Royal Bank of Canada Saputo Scotiabank Shaw Communications SNC-Lavalin Sun Life Financial Suncor Energy Teck Telus Thomson Reuters Toronto–Dominion Bank TransCanada Waste Connections Wheaton Precious Metals Corporation

v t e Investment banks
Bank
Divisions of universal banks	Bulge bracket Bank of America Merrill Lynch Barclays Citi Institutional Clients Group Credit Suisse Deutsche Bank Corporate and Investment Bank J.P. Morgan & Co. (J.P. Morgan Cazenove) UBS Investment Bank (UBS Securities) Other Berenberg Bank BMO Capital Markets BOC International BNP Paribas Corporate & Institutional Banking Brown Shipley CIBC World Markets CITIC Securities (CLSA) Crédit Agricole Corporate and Investment Bank Daiwa Securities Capital Markets EverBank World Markets Harris Williams & Co. HSBC Global Banking and Markets ING Commercial Banking Is Investment KBC Bank Korea Development Bank (Daewoo Securities) Lloyds Bank Corporate Markets Mitsubishi UFJ Securities Mizuho Corporate Bank Natixis Nomura Securities RBC Capital Markets RBS Markets & International Banking Sberbank CIB Société Générale Corporate & Investment Bank Standard Chartered TD Securities UniCredit Corporate & Investment Banking VTB Capital Wells Fargo Securities
Independents	Bulge bracket Goldman Sachs Morgan Stanley Other Allen & Company Blackstone Group Brewin Dolphin BTG Pactual Centerview Partners China International Capital Corporation Close Brothers Group China Everbright Group China Everbright Limited Everbright Securities Evercore Partners FBR Capital Markets Galaxy Greenhill & Co. Guosen Securities Guotai Junan Haitong Securities Houlihan Lokey Investec Jefferies Keefe, Bruyette & Woods Lazard Lincoln International Macquarie Group Mediobanca Moelis & Company N M Rothschild & Sons Oppenheimer & Co. Pacific Securities Perella Weinberg Partners Piper Jaffray Raymond James Financial Renaissance Capital ROTH Capital Partners Salam Investment Ltd. Sandler O'Neill and Partners Stephens Inc. Stifel Nicolaus Stone Key Partners William Blair & Company
Category List

v t e History of Montreal
Topics	Hochelaga Fort Ville-Marie Notre-Dame de Montréal Governor of Montreal Hôtel-Dieu Saint-Sulpice Seminary Battle of Long Sault Old Montreal Great Peace of Montreal Citadel Grey Nuns 1732 earthquake Capitulation of Montreal American occupation North West Company Bank of Montreal Lachine Canal List of Mayors Burning of the Parliament Great Fire of 1852 Gavazzi Riots Victoria Bridge Golden Square Mile Oldest buildings Ouimetoscope Richard Riot Saint Lawrence Seaway Expo 67 Black Power movement in Montreal Sir George Williams affair Murray-Hill riot October Crisis Montreal Metropolitan Commission Montreal Urban Community Blue Bird Café fire 1972 Montreal Museum of Fine Arts robbery 1976 Summer Olympics Overdale École Polytechnique massacre Sex Garage protest Montreal merger 2011 Montreal Museum of Fine Arts theft Concordia University Netanyahu riot Dawson College shooting 2012 student movement National Historic Sites in Montreal
Timeline	Pre-European period 16th century 1600s 1610s 1620s 1630s 1640s 1650s 1660s 1670s 1680s 1690s 1700s 1710s 1720s 1730s 1740s 1750s 1760s 1770s 1780s 1790s 1800s 1810s 1820s 1830s 1840s 1850s 1860s 1870s 1880s 1890s 1900s 1910s 1920s 1930s 1940s 1950s 1960s 1970s 1980s 1990s 2000s

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