More than 28,000 new BMO Bank of Montreal customers now have access to an
extensive range of banking, lending, investing and wealth management
TORONTO, Nov. 15 /CNW/ - BMO Bank of Montreal today announced it has
completed the integration of bcpbank Canada into the BMO Financial Group of
Companies. To mark the occasion, BMO also launched a specifically designed BMO
Mosaik MasterCard for the Portuguese-Canadian community: the Luso Card.
The conversion provides former bcpbank Canada customers with access to
BMO products and services at all branch locations across Canada. In addition,
the eight converted branches expand BMO's branch network and provide BMO
customers with greater access to banking services across the Greater Toronto
Area. All former bcpbank Canada locations now carry the BMO Bank of Montreal
"This integration benefits all of our customers given that both
institutions share a customer-first spirit and a strong commitment to the
Portuguese-Canadian Community," stated Heather Grand, Managing Director, GTA
Division, Specialty Markets, BMO Bank of Montreal. "Customers can be assured
they will be met by the same familiar faces that have provided exceptional
service over the years.
"At BMO we are excited at the opportunity to take on the central role
bcpbank has developed in the community through its continuous involvement and
support of local initiatives such as the Portugal Day Parade, Casa dos Açores,
the Portuguese Disabled Building Fund, Working Women Community Centre and many
other valuable projects in the community."
Remittances to Portugal will be maintained and available through BMO's
Global Money Transfer account services. Customers can send money to Portugal
from their former bcpbank Canada branch, any BMO Bank of Montreal ABM, via
telephone banking or online at bmo.com. Plus, starting January 2008, BMO
Global Money Transfer services will also be available at all BMO Bank of
Montreal branches across Canada.
"The Portuguese-Canadian community has a rich and vibrant culture with a
long history of explorers and discoverers. BMO is proud to offer a specially
designed BMO Luso Mosaik MasterCard to the Portuguese-Canadian community that
symbolizes an expression of their pride and roots," added Grand.
'Luso' is used to describe a person of Portuguese origin. The card
depicts the Monument of Discoveries in Lisbon detailing Henry the Navigator
and other relevant heroes of Portuguese history. The full-service Mosaik
MasterCard will also allow customers to collect Air Miles Reward Miles. No
other bank can help customers collect Air Miles Reward miles faster and redeem
quicker than BMO. BMO is the only major financial institution that rewards
debit and credit card purchases with access to a comprehensive choice of more
than 800 reward and travel options.
"We're very excited that our conversion is complete and we can now offer
our Portuguese-Canadian customers in the GTA access to our full suite of
banking, lending, investing and wealth management solutions," said Alex
Dousmanis-Curtis, SVP Greater Toronto Division, BMO Bank of Montreal. "We will
continue to provide a high level of service that bcpbank customers have
received, as well as foster and enhance the strong relationships that have
been built throughout the years."
BMO also announced that all eight personal and commercial bank branches,
will receive electricity from Bullfrog Power, which provides homes and
businesses in Ontario and Alberta with electricity generated from clean,
renewable sources like wind power and low-impact hydro. BMO has purchased
5,000 Megawatt Hours per year of clean, emission-free electricity from
BMO Bank of Montreal acquired bcpbank Canada in December 2006. bcpbank
was a full-service chartered bank that was wholly owned by BCP Internacional
II, Sociedade Unipessoal, SGPS, Lda, a wholly owned subsidiary of Millennium
bcp of Lisbon, Portugal.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly
diversified North American financial services organization. With total assets
of $359 billion as at July 31, 2007, and more than 35,000 employees, BMO
provides a broad range of retail banking, wealth management and investment
banking products and solutions. BMO Financial Group serves clients across
Canada through its Canadian retail arm, BMO Bank of Montreal, and through its
wealth management firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris
Private Banking. BMO Capital Markets, our North American investment and
corporate banking division, provides a full suite of financial products and
services to our North American and international clients. BMO also serves
personal and commercial clients in the United States through Chicago-based
Harris, an integrated financial services organization that provides more than
one million personal and business clients with banking, lending, investing,
financial planning, trust administration, portfolio management, family office
and wealth transfer services.
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