Caulfeild Village Welcomes New BMO Bank of Montreal Branch BMO Invests in West Vancouver’s highly educated population with average household income of about $120,000

* New BMO branch represents investment of close to $1 million
* Full service branch relocated to new, larger premises
* BMO Nesbitt Burns Investment Advisor on site

BMO Bank of Montreal opened the doors today to its new Caulfeild Village branch at 5303 Headland Drive in West Vancouver. The 2,900 square foot branch is conveniently located in the south-end of the Caulfeild Village Shopping Centre parking lot, just a few steps from the existing branch, which closes its doors on September 27. Customers will benefit from the same familiar faces and a knowledgeable staff who provide a tailored banking experience.

“Our customers will be pleased with the new branch features designed to provide exceptional customer experience, in the same convenient location,” said Robert Parrott, Branch Manager, BMO Bank of Montreal. “To demonstrate our commitment, clients who open a new Premium Rate Savings Account with an initial deposit of $5,000 or a Primary Chequing Account with a pre-authorized debit or direct deposit between September 30 and November 1, 2008, will have $100 deposited into their account.”

“West Vancouver boasts a highly educated and productive population with average household income of about $120,000, “said Robert Kavcic, Economic Analyst, BMO Capital Markets. “This puts the city well above the national rate and almost twice that of Metro Vancouver. With 22 per cent of the area’s population aged 65 and older, there looks to be ample opportunity for businesses geared toward the retirement market.”

Robert Parrott’s team of seven employees at the BMO Caulfeild Village branch include:

* Customer Service Representatives
* Financial Services Managers
* BMO Financial Planner
* Investment and Retirement Planning Professional

The branch hours of operation are:
Tuesday to Thursday 9:30 a.m. to 4:00 p.m.
Friday 9:30 a.m. to 5:00 p.m.
Saturday 9:30 a.m. to 4:00 p.m.

“In addition, if you’re one of the millions of AIR MILES collectors in Canada, we have another reason for you to bank with BMO,” said Carlos Calao, Personal Banking Area Manager. “No other bank can help you collect faster and redeem more quickly because we are the only major financial institution that rewards debit and credit card purchases, including online purchases, with access to a comprehensive choice of more than 800 reward and travel options.”

In April, BMO Bank of Montreal enhanced its Mosaik Gold AIR MILES Reward Option, providing cardholders an exclusive 20 per cent discount on all AIR MILES flight redemptions worldwide.

The branch will hold a grand opening ceremony on Thursday, October 16, 2008.