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BMO Financial Group

Bank of Montreal
BMO Financial Group
Public
Traded as BMO
BMO
S&P/TSX 60 component
Industry Financial services
Founded 1817; 200 years ago (1817) in Montreal, Quebec, Canada
Number of locations
Bank of Montreal Head Office, Montreal, Quebec, Canada
First Canadian Place, Toronto, Ontario, Canada
Key people
William A. Downe
(CEO, BMO Financial Group)
Robert Prichard
(Chairman, BMO Financial Group)
Thomas E. Flynn
(CFO, BMO Financial Group)
Dave Casper
(CEO, BMO Harris Bank)
Revenue C$16.718 billion (2014)
Increase C$4.333 billion (2014)
Total assets C$588.659 billion (2014)
Number of employees
46,778 (FTE, 2014)
Subsidiaries BMO Capital Markets
BMO Harris Bank
BMO Nesbitt Burns
Website Canada: bmo.com
US: bmoharris.com
Capital Markets: bmocm.com

The Bank of Montreal (French: Banque de Montréal pronounced: [bɑ̃k də mɔ̃ʁeal]), operating as BMO Financial Group and commonly shortened to BMO (/ˈbm/), is one of the Big Five banks in Canada. It is the fourth-largest bank in Canada by market capitalization and based on assets, and among the ten largest banks in North America.

On June 23, 1817, John Richardson and eight merchants signed the Articles of Association to establish the Bank of Montreal in a rented house in Montreal, Quebec. The bank officially began conducting business on November 3, 1817, making it Canada's oldest bank. BMO's Institution Number (or bank number) is 001. In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over seven million customers. The company also has substantial operations in the Chicago area and elsewhere in the United States, where it operates as BMO Harris Bank. BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns.

The company is ranked at number 131 on the Forbes Global 2000 list.

The company has not missed a dividend payment since 1829, paying dividends consistently through major world crises such as World War I, The Great Depression, World War II, and the 2008 Financial Crisis, this makes Bank of Montreal's dividend payment history one of the longest in the world.

The Bank of Montreal was founded in 1817 as the first bank in Canada. The Bank of Montreal established branches in Newfoundland on January 31, 1895, following the collapse of the Newfoundland Commercial Bank and Union Bank of Newfoundland on December 10, 1894.


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