Bank of Montreal, BMO, Headquarters
BMO HQ, Montreal

Bank of Montreal (or BMO Financial Group), Canada’s fourth-biggest bank by assets, was established in November 1817, making it the oldest bank in the country. Headquartered in Quebec, it operates through three key business lines: Personal & Commercial Banking, BMO Wealth Management and BMO Capital Markets. The company offers chequing and savings accounts, credit and debit cards, mortgages, personal and business loans, lines of credit, financial planning, investments, insurance, travel services, foreign exchange, mobile and online banking, and more. With over 8 million personal and commercial customers in Canada and 12 million customers globally, it employs over 45,000 people and maintains a network of 1,456 branches and 4,920 ATMs. The company also has strong market positions in the U.S. where it operates as BMO Harris Bank and maintains over 560 branches and 1,595 ATMs. It has offices in Chicago (Illinois), Indiana and Wisconsin, with additional affiliated locations in Arizona, California, Florida, Georgia, New York, New Jersey, Texas, Virginia and Washington. BMO was ranked as one of the most reputable financial originations among U.S. banks according to American Banker and the Reputation Institute’s customer surveys. In 2009, BMO Financial Group acquired the Diners Club North American franchise from Citibank. This deal gived Bank of Montreal exclusive rights to issue Diners Club cards to corporate customers in North America. In 2014, BMO purchased F&C Asset Management plc, a UK-based asset manager.

As of January 31, 2020, Bank of Montreal reported total assets of C$879.7 billion, total deposits of C$582.3 billion and net loans of C$430.7 billion including C$124 billion in residential mortgages. The company’s shares are traded on the Toronto Stock Exchange and the New York Stock Exchange (NYSE) with a market capitalization of US$32.5 billion as of June 1, 2020. BMO was awarded as Best Commercial Bank in Canada by World Finance Magazine. It is also was named one of the four Safest Banks in North America along with RBC, TD and Scotiabank, according to Global Finance.

Key Facts

Revenue C$25.483 billion (2019)
Net income C$5.758 billion (2019)
Total assets C$879.720 billion (01/2020)
Total equity C$52.2 billion (01/2020)
Total Deposits C$582.3 billion (01/2020)
Loans C$432.7 billion (01/2020)
Assets under management (AUM) C$482.3 billion (01/2020)
Assets under administration (AUA) C$636.5 billion (01/2020)
Number of employees 45,247 (01/2020)
Chief Executive Officer (CEO) Darryl White

Head office address:
129 rue Saint Jacques
Montreal, QC H2Y 1L6
Telephone: 877 225 5266

Operational Headquarters:
100 King Street West
First Canadian Place
Toronto, Ontario M5X 1A1
Phone number: 1 416 867 6785