[2], In 1942, the bank ended production of its own bank notes, which were in circulation in Canada since 1871. Sun City West, AZ 85375. [2], The early 20th century also saw the bank acquire several financial institutions that helped increase its presence in Newfoundland, and areas west of Quebec, including the Ontario Bank in 1906, the Bank of British North America in 1918, and the Merchants Bank of Canada in 1921. [70], Completed in 1847, the Bank of Montreal Head Office is formally located in Montreal, on Saint Jacques Street. In 1877, the bank opened its first branch into Western Canada, with the opening of a branch in Winnipeg. Founded in Montreal, Quebec, in 1817 as Montreal Bank, its head office remains in Montreal, with its operational headquarters and executive offices in Toronto, Ontario, since 1977. [15], In 1960, the Bank of Montreal moved its operational headquarters to a seventeen-storey structure next to its historic head office. Notice to Customers. [71], The bank is a sponsor of sports teams. In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over seven million customers. The company is ranked at number 131 on the Forbes Global 2000 list. The previous Bank of Montreal dividend was 106c and it went ex 2 months ago and it was paid 1 month ago. [19] In doing so the bank became the first Canadian bank to receive a license to operate in China. [44] In December 2019, the bank cut 2,300 jobs, after a drop in quarterly earnings, effecting around five percent of the workforce. The Bank of Montreal is the oldest bank in Canada, founded in 1817. Bank of Montreal (BMO) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Website (623) 584-9200. [16] The structure's was named after the slogan of the bank, the First Canadian Bank,[17] a slogan that was introduced in 1969. However, First Canadian Place in Toronto serves as the bank's operational headquarters; source document, previously cited, actually lists Barott, not Taylor, Learn how and when to remove this template message, "Bank of Montreal (BMO) | The Canadian Encyclopedia", "World's 100 Biggest Banks: China's ICBC #1, No U.S. Banks In Top 5", "The Explainer: Are bank dividends safe from cuts? Reviews (902) 421-3748 Website. [2] Expansion into the Maritimes was further facilitated with the acquisition of the Exchange Bank of Yarmouth in 1903, the People’s Bank of Halifax in 1905, and the People's Bank of New Brunswick in 1906. One of the Big Fivebanks in Canada, it is the fourth-largest bank in Canada by market capitalization and assets, and one of the ten largest banks in North America. The title of the second-ranking executive has changed several times and has often been left vacant. The Bank of Montreal, 322 Curling Street. 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 the presenting sponsor of the CanSkate Learn-to-Skate Program. [23][24], In 2009, BMO purchased AIG's Canadian life insurance business, AIG Life Insurance Company of Canada, for approximately $330 million CAD. Bank of Montreal, doing business as BMO Financial Group, is a Canadian chartered bank which operates throughout the world. It was the first investment in the sector by a "Big Five Canadian bank". Another major subsidiary is the investment firm BMO Nesbitt Burns. In 1994, the Bank of Montreal became the first Canadian bank to be listed on the New York Stock Exchange. Another former Bank of Montreal branch on Front and Yonge Streets in Toronto has housed the Hockey Hall of Fame since 1993. [2][3] The building served as the bank's operational headquarters until 1977, when it was moved to First Canadian Place on Bay Street in Toronto in 1977. BMO is divided into three "client groups" which serve different markets. [17] However, the bank's legal headquarters remains at the historic Montreal head office, with First Canadian Place formally listed as the "executive office" of the bank.[4]. [22] In 2008, a Bank of Montreal trader pleaded guilty to intentionally mismarking his trading book in order to increase his bonus from the bank. Swift codes for BANK OF MONTREAL, THE (BIC codes) Browse through all available bank swift codes used by BANK OF MONTREAL, THE. Access accounts with 24/7 online banking. Earn $300 and an exclusinve 2.75 savings rate, Loans and Lines of Credit Protection Insurance. ", "The Competition Bureau's Letter to the Royal Bank and Bank of Montreal", "BMO Financial Group to Acquire bcpbank Canada", "Former trader pleads guilty in fraud that cost BMO $850-million", "CMO buys AIG's Canadian life insurance unit", "BMO Financial to buy Diners Club from Citigroup", "BMO 1st Canadian bank to incorporate in China", "M&I to be sold to Canadian bank for $4.1 billion", "It's official: M&I is absorbed by Canada's BMO", "BMO completes F&C rebrand with property trusts", "BMO News Release BMO Financial to acquire GE Capital's transportation finance business", "BMO and CIBC's Simplii says fraudsters may have accessed clients' information", "Hackers threaten to reveal personal data of 90,000 Canadians caught in bank hack", "BMO marks first foray by a major Canadian bank in marijuana sector with $175M deal", "Lawsuit in U.S. accuses nine banks of rigging Canadian rate benchmark", "Bank of Montreal eyes 1 million new customers as competition intensifies", "Bank of Montreal and CIBC square off in Chicago", "BMO Harris to emphasize digital revamp in U.S. strategy shift", "Bank of Montreal will grow faster in U.S. than in Canada: CEO", "Former Liberal cabinet minister Scott Brison joins Bank of Montreal | CBC News", "U.S. retail banking profits surge at Bank of Montreal", "Bank of Montreal to move NYC headquarters to former Conde Nast building", "Bank of Montreal's Irish subsidiary fined for licence breach", "Bank of Montreal pays $38 million to settle U.S. SEC charges it hid conflicts", "Bank of Montreal earns $1.1B, hikes dividend and slashes 2,300 jobs", "Bank of Montreal slashes workforce in deepest cuts the industry has seen in years", "Bank of Montreal to trim 5% of workforce, with cuts across business", "BMO's aim to double indigenous lending relies on old-style banking", "BMO president apologizes after 12-year-old Indigenous girl, grandfather handcuffed at bank | CBC News", "NetNewsLedger - Vancouver Police Under Investigation Over Bank of Montreal Arrest", "Bank of Montreal CEO says fossil fuel divestment not a 'productive solution, "Canada's big banks cut credit card interest rates to ease coronavirus impact | CBC News", "Bots For The People, By The People At Bank Of Montreal", The BMO legacy : two centuries of commitment to customers, "Reasons for Selection, 2009 Greater Toronto's Top Employers Competition", "The Bank of Montreal Building (Amherst, NS)", "Jury Announced for 2008 Siminovitch Prize in Theatre", "BMO Field to be Home for Toronto FC and Canada's National Soccer Teams", "BMO Renews Toronto FC Jersey Sponsorship", "Impact Sign Five-Year Jersey Sponsorship With BMO For MLS Debut", "Wheels & Deals: Tony Stewart To Announce Number, Sponsors", "2010 BMO Canadian Figure Skating Championships Begin in London, Ontario", "BMO Bank of Montreal Takes the Lead, Becoming the Title Sponsor of the Vancouver Marathon", Financial Services Regulatory Authority of Ontario, 1972 Montreal Museum of Fine Arts robbery, Deutsche Bank Corporate & Investment Bank, BNP Paribas Corporate & Institutional Banking, Crédit Agricole Corporate & Investment Bank, https://en.wikipedia.org/w/index.php?title=Bank_of_Montreal&oldid=1015213686, Companies listed on the New York Stock Exchange, Companies listed on the Toronto Stock Exchange, Multinational companies headquartered in Canada, Short description is different from Wikidata, Articles needing additional references from June 2017, All articles needing additional references, Wikipedia articles with WORLDCATID identifiers, Wikipedia articles with multiple identifiers, Creative Commons Attribution-ShareAlike License, BMO Bank of Montreal (commercial and retail banking in Canada), including BMO's, BMO Harris Bank (commercial and retail banking in the United States, headquartered in Chicago), Private Client Group (wealth management), including, BMO Nesbitt Burns (full service investing in Canada): formed following 1987 acquisition of, 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, G. Arnold Hart (president from 1959 to 1967 and CEO from 1959 to 1974), William D. Mulholland (CEO from 1979 to 1989), William E. Bradford (president 1981-1983). The Bank of Montreal (French: Banque de Montréal) is a Canadian multinational investment bank and financial services company. BMO Bank of Montreal in Montreal, QC. [2] In 1995, the bank opened its first branch in Guangzhou, formally receiving a license to operate the branch on 20 November 1996. The bank's formal head office is based in Montreal. Dividend Summary. Founded in Montreal, Quebec, in 1817 as Montreal Bank,[1] its head office remains in Montreal, with its operational headquarters and executive offices in Toronto, Ontario, since 1977. However in 1960, the operational headquarters was moved to a 17-storey tower adjacent the historic head office building. The bank has been a sponsor of the Toronto FC of Major League Soccer since 2007[72] and of its home stadium named BMO Field at Exhibition Place. Access the headquarters listing for BMO Bank of Montreal here BBB Business Profiles may not be reproduced for sales or promotional purposes. Current members of the board of directors of BMO are: Jan Babiak, Sophie Brochu, Craig Broderick, George Cope, Christine A. Edwards, Martin S. Eichenbaum, Ronald H. Farmer, David Harquail, Linda S. Huber, Eric R. La Flèche, Lorraine Mitchelmore and Darryl White. In 1998, the Bank of Montreal and the Royal Bank of Canada announced they had agreed to a merger pending approval from the government. BMO's Institution Number (or bank number) is 001. The bic codes below belong to BANK OF MONTREAL, THE bank and/or any of its branches across all countries and cities in the world.. The SWIFT codes for Bank of Montreal are listed below. It is also a member of: This article is about the Canadian bank. [36] BOM was the bank with the second-most deposits in Chicago by June 2018, with 11.5% market share. : 001 MICR Code: 38641-001: Bank of Montreal Montreal Instabank Service Centre Branch Montreal, QC H5A 1K8: Routing Number (EFT): 000300391 Transit Number: 00391 Financial Institution No. For its subsidiary in the United States, see. [40] In February 2019, it became reported that its US retail profits had surged. [4][16] The structure's was named after a historic slogan of the bank, the First Canadian Bank,[17] a slogan introduced in 1969. [41] The bank moved its New York City headquarters in April 2019, to a former Conde Nast building. The Bank of Montreal's Head Office is located on Saint Jacques Street in Montreal, Quebec, Canada, across the Place d'Armes from the Notre-Dame Basilica in the Old Montreal neighbourhood. [2] Shortly after the two colonies merged, the bank opened branches into Cobourg, Belleville, Brockville, and Ottawa. Banking products and services are subject to bank and credit approval. 2. Whether you’re a frequent visitor to the U.S. or enjoy extended stays, BMO Bank of Montreal and our U.S. subsidiary, BMO Harris, offer Canadians products and services … It is also a member of: 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). Perfect for virtually any type of need, a BMO loan provides stability in payments, a choice of variable or fixed interest rate, and provides several repayment period options. [29] In 2014, the bank acquired London-based Foreign & Colonial Investment Trust, later re-branding it as BMO Commercial Property Trust in 2019. 2016 season ] also that month, the operational headquarters was moved to 17-storey. Services primarily in North America made BMO the second-biggest life insurer among Canadian banks Wire Transfer, its BMO bank! 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