Bank Of Montreal - Quick Facts

Bank of Montreal headquarters is located in Toronto,Investment banking group deals with capital markets.
Canada. It was founded in the city of Montreal. It isThe department handles securities, bond markets and
almost 200 years old making it the oldest bank in thisequity among others. The main beneficiaries of this
country. It is also the Canada's fourth largest banksegment are corporate companies and the
based on its deposits.government. They are given advice on the best ways
BMO as this bank is popularly called has more thanto invest so as to realize maximum earnings from the
nine hundred branches. Its clients are more than 7investments they have made.
million. It operates mainly in the country of CanadaLastly, there is private client group also called wealth
although it operates branches in Chicago and othermanagement section. The target of this department is
different parts of United States.clients who have a high net worth. Such customers
There are 3 main divisions of the financial servicesare assisted in planning their investments. They are
offered by this bank. The three categories are knownalso assisted in investing the assets based upon
as 'client groups'. This name comes from the fact thatpersonal criteria and financial expectations. The
each of the groups serves and targets a marketdepartment also gives advisory facilities in USA.
segment that is different from the other.BMO has social responsibility programs that are strong.
Personal and commercial client group is the firstThrough donations, sponsorship programs and
category. This department deals with retail financialvolunteering it is able to invest in its neighborhoods. For
services of the bank. This means that it offers financialinstance it makes donations to projects supporting
services to businesses and individuals based inhealth, arts, culture and education. Projects dealing with
Canada. The services include handling checks, savings,athletics, sports and community development are also
personal loans, mortgages, credit cards and debitsupported. They also sponsor programs supporting
cards and other retail services.protection and conservation of environment.
This section also handles insurance services offeredBank of Montreal gives affordable and accessible
by the bank. These include life insurance and travelfinancial services to customers. The customer has a
insurance. It also offers income annuities for thosevariety of services to select from. Potential clients can
interested in saving for retirement. Mortgage lifereach them online for answers to any queries that
insurance is also offered to protect the home upon thethey may have.
death of the insured.