BMO Invests $1.4 million to Serve Scarborough's Diverse Community

    Halloween celebration marks the opening of Scarborough's new BMO branch

    -   Nesbitt Burns Investment Advisor on site
    -   Full-service branch features drive-through ABM
    -   Powered by emission-free electricity from Bullfrog Power
    -   12 languages spoken at branch
    -   Guests can enjoy great BMO giveaways and Halloween treats

    SCARBOROUGH, ON, Oct. 31 /CNW/ - BMO Bank of Montreal today opened the
doors to a 4,000 square foot branch at 4411 Kingston Road near Lawrence Avenue
in Scarborough, Ontario.
    "BMO is a community based bank with a passion for reaching out to our new
neighbours," said Andrea Hazell, Branch Manager, BMO Bank of Montreal. "We are
'making money make sense' by providing the clarity customers need to make
sound financial decisions. Our commitment has never been more relevant than it
is now given today's economic realities."
    BMO's new branch is equipped to accommodate the needs of this diverse
    "The GTA represents the heart of the Canadian economy, home to the
financial centre and a diverse range of Fortune 500 businesses," said
Robert Kavcic, BMO Economic Analyst. The city's population has expanded at a
steady 2.3 per cent annual rate over the past decade, boosting construction
activity and lifting home values by more than 5 per cent per year. Scarborough
is an important part of the Toronto economy, which continues to see sturdy
population growth thanks to its popularity as a location for new Canadians."

    Andrea's team of 17 employees include:

    -   Customer Service Representatives
    -   Financial Services Managers
    -   BMO Bank of Montreal Financial Planner, Investment and Retirement
    -   Commercial Relationship Manager
    -   BMO Nesbitt Burns(R) Investment Advisor

    BMO's Scarborough branch offers longer hours and will operate from:

    Monday to Wednesday         9:30 a.m. to 6:00 p.m.
    Thursday & Friday           9:30 a.m. to 8:00 p.m.
    Saturday                    9:30 a.m. to 4:00 p.m.

    The branch is equipped with two Instabank machines for your everyday
financial transactions as well as a drive-through ABM.
    "Plus if you're one of the millions of AIR MILES collectors in Canada, we
have another reason for you to bank with BMO," said Bill Crook, Personal
Banking Area Manager. "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."
    In April, BMO Bank of Montreal enhanced its Mosaik Gold AIR MILES Reward
Option, providing cardholders an exclusive 20 per cent discount on all AIR
MILES flight redemptions worldwide.
    The grand opening ceremony will be held on Thursday, December 18, 2008.

For further information:

For further information: Media Contact: Kasia Lech, (416) 867-3996,

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