BMO Bank of Montreal Opens $1.3 Million Bank Branch in Waterloo

    BMO's new branch uses emission-free electricity from Bullfrog Power and
    offers financial services in 6 languages

    WATERLOO, ON, Jan. 28 /CNW/ - BMO Bank of Montreal today opened a new
4,900 square foot personal and commercial banking branch, located in a newly
developed residential and commercial area at 664 Erb Street West, Waterloo. To
serve this diverse area, the new BMO branch will provide financial services
advice in English, French, Russian, Romanian, Italian and Serbian.
    This new location is easily accessible by car and transit and is just off
the newly opened Ira Needles Boulevard which connects the west side of
Waterloo directly to the south of Kitchener. BMO's Erb Street branch has a
team of 16 personal banking and investment professionals who are eager to
offer financial advice and support to all existing and new BMO customers in
the community.
    "We are committed to providing every one of our customers with the best
banking experience possible," said Lee Kors, Branch Manager, BMO Bank of
Montreal. "To demonstrate our commitment we are offering a $100 cash deposit
to all new customers who open a new chequing account between January 28th and
March 15th and make an automatic pay deposit or bill payment to that account
by June 15th, 2008.
    "Our customers can be sure they will be met by a knowledgeable
professional who will sit down and help them understand our products and
services, so they can confidently make the right decisions with their money,"
added Mrs. Kors.

    Customers can expect:
    -   A highly experienced team of in-house experts - including personal
        banking managers, financial services representatives, a financial
        planner, a BMO Nesbitt Burns Investment Advisor;
    -   Access to commercial account and deposit services;
    -   Two Instabank automated banking machines (ABM), including a drive-
        through ABM;
    -   Ample parking for BMO customers; and
    -   Full wheelchair accessibility.

    "Now BMO customers can collect AIR MILES reward miles whenever and
wherever they make purchases using their BMO Bank of Montreal debit card,"
said Susan Brown, SVP Ontario Regional Division, BMO Bank of Montreal. "No
other bank can help you collect faster and redeem quicker and we are the only
major financial institution that rewards both debit purchases and credit card
purchases with access to a comprehensive choice of more than 800 reward and
travel options," added Ms. Brown.
    BMO also announced that the branch will receive its 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 Bullfrog Power.

    BMO's Erb Street West branch will operate from:

    -   9:30 a.m. to 5:00 p.m. on Mondays, Tuesdays and Wednesdays;
    -   9:30 a.m. to 8:00 p.m. on Thursdays and Fridays; and
    -   9:00 a.m. to 3:00 p.m. on Saturdays.

    The branch will hold a grand opening ceremony on Saturday, April 12, 2008
and will announce a donation to a local organization.
    BMO serves customers through 5 branches in Waterloo.

    About BMO Bank of Montreal

    BMO Financial Group, Canada's first and oldest bank, is celebrating its
190th anniversary. The bank is one of the most highly diversified financial
services organizations in North America. With total assets of $366 billion as
at October 31, 2007, and more than 35,000 employees, BMO provides a broad
range of retail banking, wealth management and investment banking products and

For further information:

For further information: Media Contact: Katelyn Hunter, Toronto,, (416) 867-3996; Internet:

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