-- (MARKET WIRE)
BMO Bank of Montreal invites customers and members of the community to celebrate the grand opening of its new full-service Whitby Mall branch at 1615 Dundas Street East.
The new open-concept branch offers customers extended banking hours six days a week and is designed to provide a great banking experience through a variety of financial services and conveniences, including:
-- A team of 20 financial professionals as well as a mortgage specialist, a
financial planner and 2 commercial account managers;
-- Services provided in six languages;
-- Access to commercial account and deposit services;
-- Two in-branch ATMs and one drive-thru ATM; and
-- Barrier-free access.
"The Greater Toronto Area is the heart of the Canadian economy, and continues to see strong demographic trends," said Robert Kavcic, Economist, BMO Capital Markets. "Whitby is no exception, with the population expanding by nearly 10 per cent in the past five years - well above the national average."
"We are excited to open the doors to our new location adjacent to Whitby Mall," said Nancy Comeau, Branch Manager, BMO Bank of Montreal. "With the spring home buying season underway, we encourage new and existing members of the community to come in and speak with our team about their home financing needs. BMO offers a new 10-year mortgage with a maximum 25-year amortization, which is modeled after our award-winning 5-year maximum 25-year amortization mortgage."
Ms. Comeau added that choosing a shorter amortization allows Canadians to build equity sooner and save on interest costs. For example, on a $400,000 mortgage at a 5 per cent interest rate, moving from a 30-year to a 25-year amortization can save upwards of $70,000 in interest over the life of the mortgage.
BMO's Whitby Mall branch extended hours of operation are:
-- 9:00 a.m. to 6:00 p.m. Monday to Wednesday;
-- 9:00 a.m. to 8:00 p.m. Thursday and Friday; and
-- 9:00 a.m. to 4:00 p.m. Saturday
Grand Opening Details:
Who Mayor Pat Perkins, Town of Whitby
Regional Councillor Lorne Coe, Town of Whitby
Regional Councillor Don Mitchell, Town of Whitby
Councillor Ken Montague, Town of Whitby
Councillor Elizabeth Roy, Town of Whitby
Andrew Auerbach, SVP, GTA, P&C Canada, BMO Bank of Montreal
Curtis Scragg, DVP, GTA North, BMO Bank of Montreal
Craig Sullivan, Personal Banking Area Manager, BMO Bank of Montreal
Nancy Comeau, Branch Manager, BMO Bank of Montreal
What Grand Opening Celebration - Whitby Mall Branch
- Great giveaways and a raffle draw with the chance to win a four
hundred dollar gift certificate to Fern Resort
- Formal celebration and ribbon-cutting ceremony
- Family-fun activities including face painting, crafts for kids,
photo opportunities with BMO the Bear and a complimentary BBQ
When Saturday, June 23, 2012, from Noon - 2:00 p.m.
- Speeches and ribbon-cutting will commence at 1:00 p.m.
Where BMO Bank of Montreal - 1615 Dundas Street East
Whitby, ON L1N 2L1
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Jessica Park, Toronto
Chloe Kearon, Toronto