Bank of Montreal

A multinational investment bank and provider of financial services, the Bank of Montreal (BMO) is based in Canada. While the bank's head office is still in Montreal, where it was established in 1817 as Montreal Bank, its operational headquarters and executive offices have been there since 1977.

It is the third-largest bank in Canada by market capitalization and assets, as well as one of the eight largest banks in North America and one of the top 50 in the world. On both the Toronto and New York stock exchanges, it is commonly known by the ticker symbol BMO. It had CA$634 billion in assets under administration (AUA) in October 2021. BOFMCAM2 is the swift code for the Bank of Montreal, and the institution number is 001.

In a rented home in Montreal, Quebec, on June 23, 1817, John Richardson and eight businessmen signed the Articles of Association to found the Montreal Bank. The bank became Canada's oldest bank on November 3, 1817, when it started operating formally. It changed its name to its present one in 1822. The institution (or bank) number for BMO is 001. The bank serves more than seven million customers in Canada through its more than 800 branches under the name BMO Bank of Montreal. It operates BMO Harris Bank across the nation under the name BMO Financial Group in the US, where it has significant operations in the Chicago region. BMO Capital Markets is the investment and corporate banking division of BMO, while BMO Nesbitt Burns is the wealth management division. On the Forbes Global 2000 list, the company is ranked 131.

Since 1829, the company has not missed a dividend payment, 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 the Bank of Montreal's dividend payment history one of the world's longest. Bank of Montreal announced the strategic acquisition of Bank of the West from BNP Paribas for $16.3 billion on December 12, 2021.

Founded: 1817

Headquarters:

• Bank of Montreal Head Office, Montreal, Quebec, Canada (formal headquarters)
• First Canadian Place, Toronto, Ontario, Canada (operating headquarters)

Website: https://bmo.com