Bank of Montreal

Bank of Montreal {{tsx|BMO}} {{nyse|BMO}} is Canada's oldest chartered bank. It operates under the corporate brand BMO Financial Group; the services of the bank itself are now marketed as BMO Bank of Montreal.

Related Topics:
Canada - Chartered bank

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The Bank opened in Montreal, Quebec on November 3, 1817. For the first few years of its existence, the Bank occupied a small building on Saint Paul Street. John Grey, a retired dry goods merchant, was the first President of the Bank and Robert Griffin worked as the first cashier.

Related Topics:
Montreal - Quebec - November 3 - 1817 - John Grey

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The Bank of Montreal served as Canada's central bank until the creation of the Bank of Canada in 1935. It played a major role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. The first Canadian bank to open a branch abroad, the Bank of Montreal is today a major international bank with 1,100 branches across Canada and around the world.

Related Topics:
Central bank - Bank of Canada - 1935 - Transcontinental railway - 1880s

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