Bank of Montreal

Bank of Montreal engages in the provision of diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, personal loans, small business lending, cash management, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers. It also offers investment and wealth advisory services; digital investing services; financial services and solutions; and investment management, and trust and custody services. In addition, the company provides life, accident, and sickness insurance, and annuity products; creditor and travel insurance to bank customers; and reinsurance solutions. Further, it offers client's debt and equity capital-raising services, as well as loan origination and syndication, balance sheet management, and treasury management; strategic advice on mergers and acquisitions, restructurings, and recapitalizations; and trade finance, risk mitigation, and other operating services. Additionally, the company provides research and access to markets for institutional, corporate, and retail clients; trading solutions that include debt, foreign exchange, interest rate, credit, equity, securitization, and commodities; new product development and origination services, as well as risk management and advisory services to hedge against fluctuations; and funding and liquidity management services to its clients. As of October 31, 2022, it operated approximately 1,300 bank branches and 4,700 automated banking machines, as well as online and mobile digital banking platforms. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.

The Bank of Montreal (BMO) is the oldest bank in Canada with a history that dates back to 1817. Founded in Montreal in 1817 by John Henry, a prominent Scottish immigrant and businessman, BMO was initially established to finance the foreign trade of the fur trade companies. BMO’s first major success came in 1822, when the bank loaned William McGillivray, a former fur trader and one of the original partners in the North West Company, the funds to create a system of canals linking Lake Ontario with the upper Great Lakes. By 1825, the bank was highly profitable, and it had opened branches in Toronto, Hamilton, Kingston and Niagara. In 1831, BMO began supplying banking services to the British army operating in Canada during the mid-1830s. This helped to secure even more profitability in the form of government contracts and enabled the bank to create its first head office in Montreal. The bank was an integral part of the Confederation of Canada in 1867. Between 1869 and 1940, it expanded by opening offices throughout the provinces of Ontario and Quebec. By 1927, the bank had branches in every single province and territory except for Prince Edward Island. In 1959, BMO merged with the Molson Bank and became knowns as the Bank of Montreal and Molson. This merger allowed it to expand its operations across Canada and into the United States. By 1972, BMO had taken the position of the second-largest bank in the country, after only the Royal Bank of Canada. From the 1980s onwards, BMO has continued to expand its operations, particularly through acquisitions. It has merged with numerous banks, including Teller Bank (1981), Nesbitt Thomson (1987) and Harris Bank (1984). In 2013, BMO acquired the U.S.-based Marshall & Company. Today, BMO is the fourth-largest bank in Canada and provides a variety of consumer and commercial banking services to over 12 million customers worldwide.

BMO provides individuals, businesses, and corporations with access to banking services including deposits, investments, and lending products and services.

Our goal at BMO is to provide our customers with the best banking experience imaginable, providing them with convenience, competitive rates, and financial security.