BMO Economics says that Vernon is positioned for strong growth
- Bullfrog-Powered branch represents an investment of $2.5 million
- Branch offers new convenient hours - now open Monday to Saturday
- Team of 30 - including BMO Nesbitt Burns advisor and financial
planner - ready to deliver exceptional customer service
VERNON, BC, May 25 /CNW/ - BMO Bank of Montreal today opened its new
branch in Vernon, making it the first BMO branch in British Columbia to
receive electricity from Bullfrog Power. The new full-service branch in Vernon
is a relocation of an older branch less than 200 metres down the road. The new
location is 2806 - 32nd Street.
BMO's new branches in British Columbia are now a part of the bank's Green
Energy Initiative which includes new branches in Alberta and Ontario that are
bullfrog-powered. BMO is committed to purchase over 8,300 megawatt hours of
emission free electricity annually - generated from clean, renewable sources
like wind power and low-impact hydro.
"We are proud to continue our long tradition of serving customers in the
Vernon community," said Betty Gaudet, Branch Manager, BMO Bank of Montreal.
The Vernon branch of Bank of Montreal first opened in 1892 and served the
entire Okanagan Valley down to Grand Forks. "With our dedicated team of 30
financial professionals, we're motivated to deliver exceptional customer
service," added Ms. Gaudet.
"Current market conditions and BMO's recent mortgage rate reductions
create a favourable environment for customers looking to buy a home," said Ms.
Gaudet. For first-time homebuyers, BMO has introduced the BMO First Home
Essentials Kit which provides a step-by-step guide for entering the real
For added convenience, the new branch features two ABMs for everyday
financial transactions and includes a full-service drive-thru ABM, as well as
ample parking for customers.
Branches hours of operation
Monday to Thursday 9:30 a.m. - 4:00 p.m.
Friday 9:30 a.m. - 5:00 p.m.
Saturday 9:30 a.m. - 4:00 p.m.
"Vernon has been able to weather the current recession relatively well
thanks to its diverse economic base," said Robert Kavcic, Economist, BMO
Capital Markets. "Longer term, the city and surrounding Okanagan regions are
considered top retirement destinations, which should drive growth as the
Canadian population continues to age."
"If you're one of the millions of AIR MILES collectors in Canada, we have
another reason for you to bank with BMO," said Sean Armstrong, Vice-President,
BC Interior, North & Yukon District, BMO Bank of Montreal. "No other bank can
help you collect faster and redeem more quickly because we are the only major
financial institution that rewards debit and credit card purchases, including
online purchases, with access to a comprehensive choice of more than 800
reward and travel options," Mr. Armstrong added.
BMO Bank of Montreal in Vernon
BMO Financial Group has played an active role in the Vernon community
since 1892 when it opened in the Schubert Block. The branch's new location at
28th Avenue and 32nd Street marks the fourth location for BMO in Vernon. BMO
annually donates to the United Way of the North Okanagan and employees in
Vernon give generously of their time to fundraise for: Silver Lake Forest
Education Society-Camp for Kids, Canadian Cancer Society Relay for Life,
Christmas Food and Toy Drive to support local families, Sunshine Dreams for
Kids Foundation, B.C Children's Hospital and the Vernon Restholm Society.
For further information:
For further information: Media Contact: Laurie Grant, (604) 665-7596,
firstname.lastname@example.org, Internet: www.bmo.com