BMO Bank of Montreal

BMO Bank of Montreal

February 25, 2013 11:49 ET

BMO Bank of Montreal Opens New Branch in Fast-Growing City of Guelph-Now Open Saturdays

- BMO branch represents a $1.4 million investment in the community

- Offering customers extended banking hours, including Saturdays

- 'Making Money Make Sense' in three different languages

GUELPH, ONTARIO--(Marketwire - Feb. 25, 2013) - BMO Bank of Montreal today announced the opening of its newly relocated full-service banking branch in Guelph, now located at Woodlawn & Woolwich. The branch was previously located at Speedvale & Edinburgh.

The new branch offers customers extended banking hours and is designed to provide a great banking experience through a variety of financial services and conveniences, including:

  • A coin counter - a simple-to-use kiosk which counts your loose change;
  • Services provided in three different languages, including investment banking, mortgages and RRSPs;
  • Access to commercial account and deposit services - including a 24 hour depository for small business after-hours use;
  • Two ATMs - including a drive-thru ATM; and
  • Barrier-free access.

"Guelph boasts a diversified economy and fast-growing population," said Robert Kavcic, Senior Economist, BMO Capital Markets. "The city's population expanded 1.8 per cent in the past year, comfortably above the rest of Ontario and the more modest 1.2 per cent national rate."

"We're excited to be opening our doors to our Woodlawn and Woolwich branch in the fast-growing city of Guelph," said Trevor Reid, Branch Manager, BMO Bank of Montreal. "With the RRSP contribution deadline fast approaching, we encourage everyone to drop by our new branch to talk about their retirement planning needs and learn about the important role a Continuous Savings Plan can play in effectively saving for retirement."

A Continuous Savings Plan (CSP) regularly and automatically withdraws a specific amount of money from an individual's bank account and invests it directly into his or her RRSP. A CSP eases the cost of investing away from one annual deposit, and helps to increase savings.

In celebration of the branch opening, customers who open a new Smart Saver Account or a Kids' Discounted Premium Rate Savings Account by March 31st will have their first deposit matched by BMO up to $25.

The new branch's extended hours of operation are:

  • 9 a.m. to 6 p.m. Monday to Wednesday;
  • 9 a.m. to 8 p.m. Thursday and Friday; and
  • 9 a.m. to 4 p.m. Saturday.

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 October 31, 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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