Something New in Olds! BMO Bank of Montreal Opens New Branch in Olds, Alberta

    -   Bullfrog-powered Branch represents investment of $2 million
    -   Experienced financial services team will serve customers extended
        hours, from Monday to Saturday
    -   Branch is located in a newly developed section of Olds and serves the
        region's strong agricultural community

    OLDS, AB, June 8 /CNW/ - BMO Bank of Montreal today officially opens its
new branch at 100, 6900 - 46th Street in the west end of Olds, Alberta. The
new branch, which has moved from its previous location at 50th Avenue to the
new Cornerstone development, will provide customers with more comfortable and
larger premises, expanded services, extended hours of operation and ample free
    The branch is home to a team of 16 personal banking and investment
professionals, including a BMO Nesbitt Burns Investment Advisor, a financial
planner, and commercial bankers, all of whom are eager to provide a great
customer experience to their new and existing BMO customers.
    "BMO has a strong reputation for supporting customers through good times
and bad," said Wes Taylor, Vice-President, South, Centre, North & NWT
District, BMO Bank of Montreal. "This commitment has never been more relevant
than it is now given the current economic climate.
    "And at this time of year Olds area farmers are into the growing season.
Should they need to look at funding alternatives they may want to opt for
BMO's Agri ReadiLine, a product that has high flexibility for borrowing under
a single authorization," added Mr. Taylor.
    The new branch has been installed with two convenient ABMs, including a
drive-thru ABM, providing customers with access to their accounts, 24 hours a
day and seven days a week. The new Olds branch is the 20th branch in Alberta
to be powered by Bullfrog Power's Green Energy. Bullfrog Power provides homes
and businesses in Alberta, B.C. and Ontario with electricity generated from
clean, renewable sources like wind power and low-impact hydro.

    The branch's expanded hours of operation are:
    Monday to Thursday               9:30 a.m. to 4:00 p.m.
    Friday                           9:30 a.m. to 5:00 p.m.
    Saturday                         9:30 a.m. to 3:00 p.m.

    "Alberta should remain an important driver of Canada's economic growth
over the next decade," said Robert Kavcic, Economist, BMO Capital Markets. 
"With its vast energy reserves, Alberta should continue to prosper as global
commodity demand increases, and the province should continue to see strong
population and income growth."
    "We are committed to making money make sense for every one of our
customers and invite everyone to come in and talk to us about how we can help
them save money," said Ann Reid, Olds Branch Manager. "We also hope everyone
will celebrate our grand opening with us on Saturday, June 27."
    "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 Mr. Taylor. "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. Taylor added.

    About BMO Bank of Montreal in Alberta

    With over 2,700 employees and 96 BMO Bank of Montreal branches in
Alberta, BMO provides financing to more than 27,000 small businesses. In 2008
BMO Financial Group announced a donation of $100,000 to Olds College. The gift
will go towards the expansion of the Bank of Montreal Landscape Pavilion; a
new facility that greatly increases the College's training capacity.

For further information:

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

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