BMO Bank of Montreal Continues its Expansion Plans in B.C.: Opens New Larger Burnaby Branch

    Metropolis Financial Management Centre also set for major renovation

    VANCOUVER, March 12 /CNW/ - BMO Bank of Montreal continues its aggressive
expansion in the Lower Mainland with the opening of its new Burnaby Main
Office branch in the Centrepoint building across from Metrotown. This is one
of two new branches that the bank is opening today in the Lower Mainland - the
other being a full-service retail branch in Mission, B.C. In the last five
months BMO has opened branches in Langley, Richmond, Mission and Burnaby as
well as in Kamloops. Earlier this year, the bank announced that it will
renovate 30 locations and open 15 new branches across Canada to make it more
convenient for its customers to manage their finances.
    In Burnaby, the 15,000 sq. ft., two-storey branch provides customers with
street level access to the branch and represents an investment of $3 million
into the local economy.
    The Burnaby Main Office location is also the district office for BMO Bank
of Montreal Personal Banking in Greater Vancouver, which is led by Rob
Serraglio, Vice President, Personal Banking, Greater Vancouver, BMO Bank of
    The new Burnaby Main Office branch replaces an older BMO branch which had
been located at Kingsway and Sussex for the past 50 years. Branch Managers
Wanda MacKenzie and Memphis Hsu will lead a team of more than 50 employees
who, collectively, will be able to provide financial services advice in
English, Cantonese, Mandarin, Korean, Tagalog, Japanese, French, Portuguese,
Punjabi, Hindi, Urdu, Gujrati, German, Farsi, Vietnamese, Fukien, and Italian,
mirroring the multi-cultural demographics in Burnaby.
    BMO has enhanced its financial services offerings with a more robust
commercial banking unit - an additional six commercial bankers will be added
at this location to service the small-to-medium-sized enterprises located in
the Burnaby/New Westminster area - and by providing a full complement of
financial planning and wealth management products and services from a single
    "The larger premises have allowed us to integrate our administrative and
retail activities under one roof," said Mr. Serraglio. "We've expanded our
Commercial Banking and BMO Nesbitt Burns staff complements; added Personal
Banking district office staff; and established a BMO Harris Private Banking
Office on site.
    "The sheer physical size of the branch and the expansion of the staff is
a reflection of the importance of this community's business to BMO," said Mr.
Serraglio. "Our Burnaby branch has the third largest volume of retail funds
under administration amongst all BMO branches across Canada and we considered
it vital to expand both the premises and our services so that we can meet all
of the financial needs of present and future customers," he added.
    BMO Bank of Montreal also continues to serve clients from across the
street in its Metropolis Shopping Centre branch location. The newly renovated
BMO Metropolis Financial Management Centre will be unveiled on May 14, 2007.

    Features of the Metropolis Financial Management Centre will include:
    -  4 Instabank(R) machines for your everyday financial transactions
    -  Financial Services Managers who will meet with you in private offices,
       to advise you on tailor-made financial solutions, including opening
       new accounts, loans, mortgages and investments
    -  Wallet and envelope cash deposit facilities available during mall
    -  Hours of Service are from Monday to Saturday, 10:00am - 6:00pm and
       Sunday from 11:00am - 6:00pm.

    In 2006, BMO Financial Group contributed $32.1 million in corporate
donations, sponsorships and events to support communities, charities and
not-for-profit organizations across Canada. Locally, BMO provides major
donations to organizations such as the United Way of the Lower Mainland,
BCIT's new Aerospace Centre located near the Vancouver International Airport,
Simon Fraser University and the University of British Columbia.

    In British Columbia, BMO Financial Group has 3,000 employees and serves
customers from 140 BMO Bank of Montreal branches, six BMO Nesbitt Burns
offices and five BMO Harris Private Banking offices.

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at
    Additional archived images are also available on the CNW Photo Archive
    website at Images are free to accredited
    members of the media/

For further information:

For further information: Laurie Grant, Vancouver,,
(604) 665-7596, Internet:

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