BMO Financial Group today announced the completion of its acquisition of bcpbank Canada from BCP Internacional II, Sociedade Unipessoal, SGPS, Lda, a wholly owned subsidiary of Millennium bcp of Lisbon, Portugal.

The deal was originally announced on Aug. 3, 2006.

bcpbank Canada operates a network of eight personal and commercial bank branches, seven of which are located in the Greater Toronto Area. It has a customer base of 28,000 and a well-established reputation for being the first choice for financial services amongst Toronto’s extensive Portuguese-Canadian community.

BMO also announced the appointment of Heather Grand as president and CEO of its new subsidiary. The appointment is effective immediately.

Heather Grand is a career banker who has held numerous senior banking positions in personal and commercial markets, private banking, and distribution. Prior to taking on her new role, she was director of direct output support, Ontario division. Grand is a graduate of BMO’s Dalhousie MBA Program.

“I congratulate Heather on her new role with bcpbank Canada,” said Carol Snider, senior vp, Ontario division, BMO Bank of Montreal. “Under her leadership, bcpbank Canada will continue to deliver the superior level of service which its clients are accustomed to and will provide an even wider suite of financial products and services.”