Bank of Montreal completes acquisition of AIG Life of Canada
Bank of Montreal is introducing a new lending product called Agri ReadiLine, which provides farmers with ready-access to funds without the need to reapply for loans throughout the year, the bank said Tuesday.“At this time of year farmers are getting ready for the growing season. They are looking at funding alternatives that best suit their […]
Bank of Montreal plans a domestic public offering of $200 million of preferred shares.The net proceeds from the offering will be used by the bank for general corporate purposes, BMO says.The Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 21 will be issued to the public at a price of $25 per share and […]
Canadian personal and commercial banking unit performs well
Bank of Montreal has launched a new 5 Year Variable Rate Closed mortgage product that allows customers to take advantage of record low lending rates with the flexibility to lock into a fixed rate closed mortgage at anytime, the bank said Tuesday.“Recently we’ve seen an increase in the number of customers choosing a variable rate […]
RBC and BMO CEOs to forego 2008 mid-term and long-term compensation
Company to operate under BMO Life banner
Canadians have until March 2 to make contributions for the 2008 tax year
Bank encourages contributions by Dec. 31
Offering will further strengthen bank’s capital ratio