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The Bank of Montreal is Canada's oldest chartered bank. It opened in Montreal, Quebec on November 3, 1817. It served as Canada's central bank until the creation of the Bank of Canada in 1935. It played a major role in the development of the country, taking part in the financing of the first transcontinental railway in the 1880s. The first Canadian bank to open a branch abroad, the Bank of Montreal is today a major international bank with 1,100 branches across Canada and around the world.

frame First Canadian Place, Toronto, Ontario Through its history, it has merged with several other Canadian banks: Commercial Bank of Canada (1868), Exchange Bank of Yarmouth (1903), People's Bank of Halifax (1905), People's Bank of New Brunswick (1907), Bank of British North America (1918), Merchants Bank of Canada (1922), and the Molson Bank (1925).

The bank's stock is listed on both the Toronto and New York stock exchanges under the symbol BMO.

In 1984 the bank greatly expanded its operations in the United States by purchasing Chicago's Harris Bankcorp.

In 1998See also 1997 in Canada, other events of 1998, 1999 in Canada and the list of 'years in Canada'. Incumbents Prime Minister Jean Chretien Governor General Romeo LeBlanc Premier of Alberta Ralph Klein Premier of British Columbia Glen Clark Premier of Manito the Bank of Montreal shocked the Canadian financial community by announcing plans to merge with the Royal Bank of CanadaThe Royal Bank of Canada is Canada's largest chartered bank. It has over 1,300 branches across Canada and has offices in over 30 countries. Its primary marketing name is now RBC and that name is used on all its business units, which are collectively known. The plans were later blocked by the Canadian government.

External link

Bank of Montreal's web site

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