(March 8 – 18:10 ET) – Bank of Montreal and IPC Financial Network Inc. have signed a Letter of Intent that allows IPC investment clients to arrange for investment loans.

IPC reps will now be able to assist their clients to apply online for an investment loan through Bank of Montreal’s web site www.bmolending.com, from any IPC office. The site has a wide range of investment borrowing options, such as personal installment loans, personal lines of credit and home-owner lines of credit.

The national roll-out of the new service is planned for later this month, pending final contract approval.

“Businesses of all types are recognizing the power of one-stop shopping,” said Stephen Meehan, IPC’s chief executive officer.

“This arrangement further expands our unique strategy to create a portfolio of banking and trust partners for our clients,” said Sam Febbraro, director of IPC’s financial services. IPC has recently introduced GIC brokerage services and MasterCard credit cards
-IE Staff