BMO Financial Group

BMO Financial Group

June 28, 2012 10:23 ET

BMO Announces Relief Program for Victims of Elliot Lake Mall Collapse

ELLIOT LAKE, ONTARIO--(Marketwire - June 28, 2012) - BMO Financial Group today announced a relief program for its customers affected by the collapse of the Algo Centre Mall in Elliot Lake.

"We were heartbroken to see the devastation at the mall and the tragic impact this disaster had on so many lives," said Lloyd Fleming, Vice President, BMO Bank of Montreal. "BMO wants to assist our customers and residents of the community that have been affected. We hope that these initiatives will help alleviate some of the difficulties they face."

The BMO Bank of Montreal Relief Program includes:

  • Personal loan payments deferrals - various options
  • Personal mortgages - deferral of the principal and interest payments for a period of two months
  • Special accommodations for affected commercial clients are being developed on a case-by-case basis

Furthermore, anyone who wishes to make a donation to assist those affected by the collapse of the mall in Elliot Lake may do so at any BMO Bank of Montreal branch across Canada. The account number for donations is 8996 667 at Transit # 2404.

"We've always stood behind our customers, through good times and challenging times, and we are ready to assist qualifying BMO personal and business customers by deferring payments on their loans, mortgages or lines of credit," added Mr. Fleming.

Customers who require assistance, are invited to visit the BMO branch at 17 Mary Walk in Elliot Lake.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

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