The Bank of Montreal, commonly BMO in either official language, BMO Financial Group, is the largest bank in Canada by deposits. The Bank of Montreal officially opened its doors for business on November 3, 1817. It was founded by John Richardson and eight merchants in a rented house in Montreal, Quebec. On June 23, 1817 the Articles of Association were signed, making it Canada's oldest bank. 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.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 Bank of Montreal was founded in 1817. The Bank of Montreal established branches in Newfoundland on Jan 31, 1895 following the collapse of the Newfoundland Commercial Bank and Union Bank of Newfoundland on Dec 10, 1894.
In 1925, it merged with the Molson Bank. BMO's operational headquarters moved to First Canadian Place on Bay Street in Toronto in 1977, while its legal head office remained in Montreal. Like the other Canadian chartered banks, it issued its own paper money. BMO issued notes from 1817–1942. The end dates are the final dates appearing on notes, which may have circulated for some time after. The Bank of Canada was established through the Bank of Canada Act of 1934 and the banks relinquished their right to issue their own currency. It increased its ownership of the investment firm Nesbitt Thomson, up to 60 % 1980
Today, the Bank of Montreal commonly goes by the acronym BMO। It is a major international bank with a large number of connections across Canada and around the world.The some credit cards brought to you by Bank of Montreal. These are
- Personal Card
- Small Business Card
- Student Card
To know more about this card plz visit Bank of Montreal official website.
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