BMO Opens New Branch in Paradise, Newfoundland and Labrador

-   New branch represents an investment of $2 million and is open six
        days a week
    -   Experienced financial services team will be Making Money Make Sense
    -   BMO SmartSteps delivers a straightforward approach that adds up to
        real savings

ST. JOHN'S, Sept. 28 /CNW/ - BMO Bank of Montreal today opened a new full service branch in the greater St. John's area, located at 1319 Topsail Rd. in Paradise.

"Paradise is a growing community and BMO Bank of Montreal is proud to be a part of its continuing success," said Anita Wilkins, Branch Manager, BMO Bank of Montreal. "Paradise residents will now have access to solid financial advice, whether it's finding the right mortgage solution or planning for retirement, and will start putting money back in their pockets by taking advantage of our BMO SmartSteps initiative," added Ms. Wilkins.

"BMO is helping first-time homebuyers move into Paradise, specifically with our recent mortgage rate reductions," said Jim Fallon, Personal Banking Area Manager, BMO Bank of Montreal. "With BMO, homebuyers have the ability to lock in at historically low rates if they are not ready to buy at this time, and our First Home Essentials Kit can provide a step-by-step guide to entering the real estate market."

The new branch is staffed by 11 financial service professionals, including a financial planner, a mortgage specialist and a commercial account manager, to meet all personal and commercial needs.

For added convenience, the new Paradise branch features three ABMs, including a full service drive-thru ABM. Extended hours of operation are:

Monday to Wednesday       9:30 am - 6:00 pm
    Thursday                  9:30 am - 8:00 pm
    Friday                    9:30 am - 6:00 pm
    Saturday                 10:00 am - 3:00 pm

Customers invited to take BMO SmartSteps:

"Our new BMO SmartSteps program delivers a straightforward approach that can add up to real savings for customers through reduced fees, lower interest costs and less money going towards taxes," said Janet Peddigrew, Vice-President, Newfoundland & Labrador, BMO Bank of Montreal. "During any branch visit and in less than 20 minutes, one of our financial experts can provide banking tips that will help customers." These tips include:

1.  Generate automatic monthly savings;
    2.  Minimize banking fees;
    3.  Take years off of mortgage payments and become debt-free quicker;
    4.  Start saving tax-free;
    5.  Automate money transfers to avoid extra fees.

    BMO Bank of Montreal opened its first branch in Newfoundland in 1895 and
now operates 24 full-service branches within the province.

For further information: Media Contacts: Ron Monet, ronald.monet@bmo.com, (514) 877-1873; Evelyn Parsons, evelyn.parsons@bmo.com, (790) 758-2096