BMO Bank of Montreal
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BMO Bank of Montreal

April 12, 2012 09:00 ET

MEDIA ADVISORY/PHOTO OPPORTUNITY: BMO Bank of Montreal Celebrates Grand Opening of Britannia & Creditview Branch in Mississauga-Open Seven Days a Week

- New BMO branch represents a $1.1 million investment into the community

- 'Making Money Make Sense' in seven different languages

- Great giveaways including a chance to win a $600 gift certificate to Great Wolf Lodge

- BMO encourages Canadians to choose 25-year amortization to save thousands in interest costs and begin building equity in their home sooner

MISSISSAUGA, ONTARIO--(Marketwire - April 12, 2012) - BMO Bank of Montreal invites customers and members of the community to celebrate the grand opening of its new full-service branch in Mississauga at 6085 Creditview Road, located at the intersection of Creditview Road and Britannia Road West, on Saturday, April 14, 2012. The new branch represents an investment of $1.1 million into the community.

The new open-concept branch is designed to create a welcoming, comfortable banking experience and offers a variety of financial services and conveniences including:

  • A free coin counting machine: a simple-to-use kiosk which counts your loose change;
  • A team of eleven financial professionals including a resident Mortgage Specialist.
  • Services provided in seven different languages;
  • Access to commercial account and deposit services;
  • Two ATMs; and
  • Barrier-free access.

Mississauga is Canada's sixth most populous city, with growth projections of 11 per cent over the next five years. "Mississauga continues to see strong housing activity, with sales running near the 10-year average after a very strong post-recession surge, and average prices holding at record levels in recent months," said Robert Kavcic, Economist, BMO Capital Markets. "A diverse labour market and steady population growth continue to support economic activity in the city."

"With the spring home buying season underway, we encourage new and existing members of the community to come in and speak with our team about their home financing needs," said Christopher Holgate, Branch Manager, BMO Bank of Montreal. "BMO offers a new 10-year mortgage with a maximum 25-year amortization, which is modeled after our award-winning 5-year maximum 25-year amortization mortgage."

Mr. Holgate added that choosing a shorter amortization allows Canadians to build equity sooner and save on interest costs. For example, on a $400,000 mortgage at a five per cent interest rate, moving from a 30-year to a 25-year amortization can save upwards of $70,000 in interest over the life of the mortgage.

In celebration of the grand opening, customers who use BMO's new Coin Counter at the Britannia & Creditview branch and deposit the funds into a new Premium Rate Savings Account before May 31, 2012 will receive a matched deposit from BMO of up to $25.

In addition, customers who open a new BMO Kids Discounted Banking Plan and deposit $25 before April 30th, 2012 will receive another $25 from BMO to help kick-start their child's savings. For more information, please visit www.bmo.com/smartparentspromo.

BMO SmartSteps for Parents is part of BMO's ongoing commitment to Making Money Make Sense. Since 2009, BMO has introduced various tools to help Canadians stay on top of their personal finances, including BMO SmartSteps, BMO SmartSteps for Business, BMO SmartSteps for Students, BMO SmartSteps for Investing and BMO MoneyLogic.

BMO's new Creditview Road branch hours of operation are:
  • 9:30 a.m. to 4:30 p.m. Monday to Wednesday;
  • 9:30 a.m. to 8:00 p.m. Thursday and Friday;
  • 9:30 a.m. to 3:00 p.m. Saturday; and
  • 12:00 p.m. to 4:00 p.m. Sunday.
Grand Opening Details:
Who: Brad Butt, MP, Mississauga - Streetsville
Bob Delaney, MPP, Mississauga - Streetsville
Ron Starr, Councillor, Ward 6, City of Mississauga
George Carlson, Councillor, Ward 11, City of Mississauga
Andrew Auerbach, Senior Vice President, BMO Bank of Montreal
John MacAulay, District Vice President, BMO Bank of Montreal
Jennifer Noordijk, Personal Banking Area Manager, BMO Bank of Montreal
Christopher Holgate, Branch Manager, BMO Bank of Montreal
What: Grand Opening Celebration - Britannia & Creditview Branch
Great giveaways and a raffle draw for a chance to win a $600 gift card to Great Wolf Lodge
Formal celebration and ribbon-cutting ceremony
Formal celebration and ribbon-cutting ceremony
Family-fun activities including face painting, a roaming magician, balloon twister, a bouncy castle, photo opportunities with BMO the Bear and a complimentary BBQ
When: Saturday, April 14, 2012, from 11:00 a.m. - 2:00 p.m.
Speeches and ribbon-cutting will commence at 12:00 noon
Where: BMO Bank of Montreal: 6085 Creditview Road, Unit 1, Mississauga, ON

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 $538 billion as at January 31, 2012, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

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