BMO Opens New Branch in Saskatoon's Lakewood Neighbourhood

    -   Branch represents investment of $1.5 million
    -   Experienced financial services team will serve customers Monday to
    -   $100 deposit upon opening a new Primary Chequing Account by
        May 15, 2009
    -   BMO Economics forecasts that Saskatchewan will maintain the lead in
        GDP growth in Canada for 2009

    SASKATOON, May 4 /CNW/ - BMO Bank of Montreal today officially opens its
first branch in the fast growing Lakewood neighbourhood, located at 111
Slimmon Road, just east of Boychuk Drive.
    "We are excited to bring BMO to this fast growing suburban neighbourhood
in southeast Saskatoon," said Michelle Tokarchuk, Branch Manager, BMO Bank of
Montreal. "With new, large premises and weekend hours, we will offer a wide
range of financial services all under one roof."
    "With mortgage rates at near historic lows, this is an area where we can
certainly provide clarity for our customers," said Ms. Tokarchuk. "BMO
recently led the way in reducing mortgage rates, and now offers a special 5
year fixed rate of 3.95 per cent. The BMO First Home Essentials Kit is a great
tool available to customers to help provide them guidance in the home buying
process as well."
    The branch is home to a team of 15 personal banking and investment
professionals who are eager to provide a great customer experience to all new
and existing BMO customers. In addition, there is a BMO Nesbitt Burns
Investment Advisor, a financial planner, and a mortgage specialist located at
the branch.
    For added convenience, the new Lakewood branch features two ABMs for
everyday financial transactions, including a drive-thru ABM, as well as ample
free parking.

    The branch's hours of operation are:
    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.
    Friday                               10:00 a.m. - 5:00 p.m.

    "Saskatchewan led the country with 4.4 per cent GDP growth in 2008 and is
forecast to maintain the lead for 2009," said Robert Kavcic, Economist, BMO
Capital Markets. "On the back of strong economic fundamentals, employment
growth in Saskatoon was a healthy 2.7 per cent year-over-year in the first
quarter of 2009, while the 4.5 per cent unemployment rate was well below the
national average."
    "If you're one of the millions of AIR MILES collectors in Canada, we have
another reason for you to bank with BMO," said Ken Segboer, Vice-President,
Saskatchewan 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. Segboer added.

    BMO Bank of Montreal in Saskatchewan

    BMO Financial Group has 535 employees and 29 Bank of Montreal full
service branches in Saskatchewan. In 2008, BMO provided financing to close to
9,000 firms in the province.

For further information:

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

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