BMO Bank of Montreal Appoints Labradorian as New Vice-President for Newfoundland & Labrador



    ST. JOHN'S, Oct. 17 /CNW/ - BMO Bank of Montreal today appointed Janet
Peddigrew as Vice-President of its retail banking operations in Newfoundland &
Labrador, the first woman to hold this executive position.
    Mrs. Peddigrew will be responsible for the performance of 230
professionals who serve customers through BMO's network of 24 branches in
Newfoundland & Labrador.
    Mrs. Peddigrew was born in Labrador City and grew up in Wabush. She holds
an MBA in Financial Services from Dalhousie University and has twenty three
years experience with BMO Bank of Montreal. She began her career in 1984, at
the Village Mall branch in St. John's. Prior to her appointment, she was
Senior Manager for Specialized Distribution Programs, including Mortgage
Specialists and In-Store Banking, in BMO's Corporate Headquarters in Toronto.
    "Throughout her career with BMO, Mrs. Peddigrew has demonstrated a
commitment to customer service and sales while leading her teams to superior
performance," said Steve Murphy, Senior Vice-President, Atlantic Provinces
Division, BMO Bank of Montreal. "Mrs. Peddigrew joins a renewed BMO executive
leadership team in Atlantic Canada that will focus on ensuring our employees
offer customers a superior banking experience and personalized financial
solutions during each branch visit or conversation," added Mr. Murphy.
    "I am thrilled to return home to Newfoundland & Labrador, and my
commercial colleagues and I look forward to helping local entrepreneurs
achieve their business objectives while contributing to the province's strong
economic expansion," said Janet Peddigrew. BMO has been very successful at
growing market share in small business lending in Atlantic Canada, from
17.5 per cent in 1999 to 25.6 per cent in 2007.
    BMO Bank of Montreal is also focused on building lasting relationships
with customers with new products and special offerings, such as its recent AIR
MILES initiative whereby collectors can receive miles on all their debit card
purchases regardless of where they shop and without restrictions, and provides
a highly efficient and focused sales staff and outstanding customer service.
BMO also offers the convenience of seven day a week banking in the St. John's
area through its four In-Store branches at Sobeys locations.
    Mrs. Peddigrew assumes her new position following the retirement of Jack
Hillyard after more than 37 years of distinguished service with BMO Bank of
Montreal. "I wish to thank Jack for his invaluable contribution to BMO and I'm
happy that he will continue to be an ambassador at large for our
organization," said Steve Murphy.

    BMO is an active corporate citizen, with more than $3 million in total
community investment in Atlantic Canada through announced donations and
sponsorships in 2006.





For further information:

For further information: Evelyn Parsons, St. John's,
evelyn.parsons@bmo.com, (709) 758-2096; Ronald Monet, Montreal,
ronald.monet@bmo.com, Cell: (514) 594-2501, Office: (514) 877-1873; Internet:
www.bmo.com

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BMO BANK OF MONTREAL

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