Bank of Montreal (BMO) profile and corporate video
The Bank of Montreal (BMO), or also known as BMO Financial Group in the U.S., is a Canadian financial services company with the head office in Montreal, Quebec, Canada, but with its operational headquarters and executive offices located in Toronto, Ontario, Canada.
It was founded on 23 June 1817, when a group of eight merchants signed the Articles of Association to establish the Montreal Bank. The signors of the document were: Robert Armour, John C. Bush, Austin Cuvillier, George Garden, Horatio Gates, James Leslie, George Moffatt, John Richardson, and Thomas A. Turner.
The company operates through the following business segments: Personal, Wealth, Business, Commercial, and Capital Markets.
The Personal segment involves bank accounts, credit cards, mortgages, loans & lines of credit, investments, financial planning, and insurance.
The Wealth segment involves services such as banking & borrowing, investment management, online investing, trust & estate services, tax planning, philanthropy, institutional asset management, and cross-border banking.
The Business segment covers services such as plans & accounts, credit cards, loans & commercial mortgages, payments & payroll, treasury &payments, or deposits & liquidity.
The Commercial segment includes products and services such as asset-based lending, business strategy, doing business internationally, doing business in the U.S., economic insights, equipment leasing & finance, finance growth, loan syndication & agency services, manage cash flow, manage deposits, manage risk, mergers & acquisitions, subordinated debt/equity, and wealth management.
The Capital Markets segment involves solutions such as advisory, capital raisin, global banks & global trade, institutional investing, investment products, market risk management, research & strategy, sustainable finance, and treasury services.
The main subsidiaries of the company are: BMO Bank of Montreal (commercial and retail banking in Canada), BMO Harris Bank (commercial and retail banking in the U.S.), BMO Capital Markets (the investment and corporate banking division), BMO Nesbitt Burns (the wealth management division), BMO Private Banking (private banking in Canada and the United States), BMO Investor Line, and BMO Harris Investor.
With more than 45 000 employees, The Bank of Montreal is considered one of the largest banks in Canada, by market capitalization and assets, as well as one of the largest banks in North America, by assets. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and ”www.bmo.com/main/personal”.
**Video published on YouTube by “BMOCommunity“.