In 1817, Canada’s first bank opened under the name Montreal Bank and in 1822 became the Bank of Montreal (BMO). In 1870, it was the first Canadian bank to open an international bank and, in between 1975 and 1980, the first to go “online.” In 2017, the BMO200 logo was unveiled to mark BMO’s 200th year.
Today, Canada’s fourth-largest bank is a Payments Canada member and direct participant. Its main business units include personal and commercial banking, wealth management, and BMO Capital Markets. BMO serves more than 12 million clients and has over 45,000 employees, and 900 branches. In 2016, it had $691.6 billion in assets and reported $25.6 billion in revenue.
Learn more about BMO.