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The bank was established on 23 June 1817 [11] when a group of merchants signed the Articles of Association, formally creating the "Montreal Bank". [4] The signors of the document include Robert Armour, John C. Bush, Austin Cuvillier, George Garden, Horatio Gates, James Leslie, George Moffatt, John Richardson, and Thomas A. Turner.
In 1998, the Bank of Montreal proposed a merger with the Royal Bank of Canada around the same time that CIBC proposed to combine with the Toronto-Dominion Bank. [23] The banks argued that these mergers would enable them to compete globally with other financial institutions. [33] This would have left Canada with only three major national banks.
In 1987, Nesbitt Thomson was acquired by the Bank of Montreal, with Brian J. Steck appointed as President and CEO. [citation needed] In 1994, the firm was merged with Burns Fry Ltd. to create the Nesbitt Burns Inc. entity now operating as BMO Capital Markets and BMO Nesbitt Burns, both wholly-owned subsidiaries of the Bank of Montreal Financial ...
Debit Mastercard was launched in Canada in July 2016 with Bank of Montreal.Similar to most Canadian Visa Debit cards, BMO's Debit Mastercard is co-badged with Interac and operates solely over that network for point-of-sale transactions in Canada, but uses the Mastercard network for Internet and international transactions.
BMO Bank, N.A. (colloquially BMO; US: / b iː m oʊ /) is a U.S. national bank headquartered in Chicago, Illinois.It is a subsidiary of the Toronto-based multinational investment bank and financial services company Bank of Montreal, which owns it through the holding company BMO Financial Corporation (formerly Bankmont Financial Corporation, then Harris Financial Corporation).
BMO may refer to: Bank of Montreal, a Canadian bank; BMO Bank, an American subsidiary of the Bank of Montreal; BMO (Adventure Time), a character in the animated television series Adventure Time "BMO" (Adventure Time: Distant Lands), a television episode of the animated series "BMO" (song), a song by American singer Ari Lennox
The Bank of Montreal's Head Office (French: Édifice de la Banque de Montréal) is located on 119, rue Saint Jacques (119, Saint Jacques Street) in Montreal, Quebec, Canada, across the Place d'Armes from the Notre-Dame Basilica in the Old Montreal neighbourhood. The Bank of Montreal is the oldest bank in
Virtual banking first became a possibility in 1996 with the Bank of Montreal's mbanx. mbanx was released at the very beginning of the internet banking revolution in Canada and was the first full-service online bank [26] Also in 1996, RBC started providing banking information online and had the first personal computer banking software released ...