BMO Banks on Growth with Plans for $1.7 Million Branch in South East Saskatoon



    Construction begins on new Lakewood Branch at Herold Drive & Slimmon Road

    SASKATOON, SK, Aug. 18 /CNW/ - BMO Bank of Montreal today announced that
it will open a new full-service branch in South East Saskatoon near the
Lakewood Shopping Centre in the spring of 2009 so that it can better serve
customers in this fast growing suburban neighbourhood. Construction began the
first week of June on the 5,000 square foot, one-story building.
    "We'll be adding staff and moving existing staff from current branches to
this new location so customers can be sure they will be met by experienced and
knowledgeable banking professionals," said Tracey MacLean, Personal Banking
Area Manager, BMO Bank of Montreal.
    This will be a major branch with 15 employees including a Branch Manager,
Assistant Branch Manager, Financial Services Managers, Customer Service
Representatives and a Financial Planner. People looking for new challenges and
career advancement in the financial services sector will be able to apply
beginning later this year. Interested applicants can apply online at
http://www.bmo.com/careers

    The new Lakewood BMO Branch, near Trounce Pond Park on the eastern edge
of the City, will be able to provide customers:

    
    -   A highly experienced team of financial professionals - including a
        financial planner, a mortgage specialist and a BMO Nesbitt Burns
        investment advisor;
    -   Two Instabank Extra automated banking machines (ABM), including a
        drive-through ABM;
    -   Ample free parking for BMO customers and;
    -   Full wheelchair accessibility.

    We will be serving a large residential area and as such will have
convenient extended hours of operation for our customers:

    -   Monday, Tuesday and Saturday, 10:00 a.m. - 4:00 p.m.
    -   Wednesday, 10:00 a.m. - 6:00 p.m.
    -   Thursday, 10:00 a.m. - 8:00 p.m. and
    -   Friday, 10:00 a.m. - 5:00 p.m.
    

    "With Saskatchewan boasting Canada's hottest economy this year, leading
in retail sales growth and housing market performance, this is an opportune
time for BMO to invest $1.7 million in the new Lakewood Branch," said Ken
Segboer, Vice President, Saskatchewan, BMO Bank of Montreal. "We are excited
to have this high traffic location in a new and extremely desirable suburban
neighbourhood where we can build lasting relationships with our customers
through exceptional service."

    BMO Bank of Montreal is a member of BMO Financial Group, one of the
largest financial services providers in North America. BMO Financial Group has
28 Bank of Montreal branches in Saskatchewan and over 530 employees in the
province.





For further information:

For further information: Media Contact: Laurie Grant, Tel: (604)
665-7596, Email: laurie.grant@bmo.com or Internet: www.bmo.com


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