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    Bmo


  • Clarifications



    1) " Bmo" -- As it applies to Bmo

    BMO Bank of Montreal, formerly known as simply Bank of Montreal, is Canada 's oldest chartered bank. Bank of Montrealopened in Montreal, Quebec on November 3, 1817. For the first few years of itsexistence, the Bank occupied a small building on rue Saint-Paul. John Grey, a retired dry goods merchant, was the first President of the Bank and Robert Griffinworked as the first cashier.

    The Bank of Montreal served as Canada's central bank until the creationof the Bank of Canada in 1935. Itplayed a major role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. The first Canadian bank to open a branch abroad, the Bank of Montreal is today a major internationalbank with 1,100 branches across Canada and around the world.

    First Canadian Place, Toronto,Ontario Contents 1 History 2 Mergers 3 Operations 4 Executives 5 Recent mergers and merger attempts 6 Membership 7 External link

    History

    The Bank of Montreal is Canada's oldest chartered bank and began business in 1817. It has been referred to asBMO or Canada's First Bank. Its official name is now Bma Bank of Montreal.

    Mergers

    Through its history, Bank of Montreal has merged with several other Canadian banks:

  • Commercial Bank of Canada (1868)
  • 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)
  • Molson Bank (1925)
  • Operations

    BMO Bank of Montreal is one division within Bo Financial Group:

  • BMO Bank of Montreal - banking services
  • BMO Harris - US Operations
  • BMO InvestorLine
  • BMO Life
  • BMO Nesbitt Burns
  • The bank's stock is listed on both the Toronto and New York stock exchanges...


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