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/history
TM/? Trademark/registered trademark of Bank of Montreal
?* “Nesbitt Burns” is a registered trademark of BMO Nesbitt Burns Corporation Limited
?1 Registered trademark of Harris N.A.
?2 Registered trademark of MasterCard International Incorporated
The BMO Legacy
Two Centuries of Commitment to Customers
The Montreal Bank’s Articles of Association not only represent the formation of the bank, they also outlined the principles that molded the future of Canadian banking.
Contents
Introduction
A Rich Tradition 1
Early Days
An Enduring Institution 2
Serving a Growing Nation 3
North American Expansion 4
Financing the New Dominion 5
Building a National Network 6
Meeting New Challenges
Meeting the Challenges
of War and Peace 8
The Harris Heritage 10
Exploring New Frontiers 11
Adding Investment Capabilities 12
Customers First
Spirit of Technology Innovation 13
Achieving Prosperity
Through Our People 14
Investing in Our Communities 15
Building on Our Foundations 16
A Rich Tradition
At 10:00 a.m. on Monday, November 3, 1817, the Montreal Bank opened its doors for the first time and has been open for business ever since.
From modest beginnings – a single branch in a rented house – we now serve banking, investing and institutional clients across North America and around the world.
Our founding group of nine merchants has evolved into a team of 36,000* talented and committed employees.
And from an initial capital base of £250,000, we now manage assets of $367 billion*.
Our progress has been unrelenting. Yet many essential pillars remain. In our early days, we were instrumental in providing capital to new businesses across the continent, financing the building of Canada’s infrastructure, and developing the economy. Almost two centuries later, we are still playing a critical role in the financial affairs and success of our clients, working to understand and meet their evolving needs.
Today, BMO Financial Group is a leader in the North American finan
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