BMO Financial Group

BMO Financial Group

May 07, 2011 08:00 ET

BMO Supports Monteregie Flood Victims with $25,000 Donation to the Quebec Red Cross

BMO introduces flood relief program

MONTREAL, QUEBEC--(Marketwire - May 7, 2011) - BMO Financial Group today announced it will contribute $25,000 to assist the Quebec Red Cross in its relief efforts in flooded communities along the Richelieu River in the Montérégie region of Quebec.

"We are all saddened by the scope of the damage caused by the unprecedented flooding in this region," said L. Jacques Ménard, President, BMO Financial Group, Quebec. "But we hope that, with a little support from their friends and companies throughout Quebec, and Mother Nature, residents will soon be able to get back into their homes and resume their lives."

As well, BMO introduced a relief program for its clients that includes:

  • Deferral of personal loan payments (various options);
  • Deferral of mortgage loan principal and interest payments for a period of two months;
  • Special accommodations for BMO Bank of Montreal commercial clients affected by the flooding, which are being developed on a case-by-case basis.

BMO Bank of Montreal customers are invited to visit their local branch and to speak to a financial services manager about their particular financial needs in the aftermath of the flooding.

BMO Bank of Montreal will also be accepting donations in its Quebec branches on behalf of the Red Cross.

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