Bank Of Montreal (BMO)

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Bank of Montreal (TSX: BMO, NYSE: BMO). Founded in 1817 as Bank of Montreal (BMO), today BMO Financial Group is a highly diversified financial services provider. BMO Provides a broad range of personal, commercial, corporate and institutional financial services across Canada and in the United States through BMO Bank of Montreal, BMO Nesbitt Burns, BMO Capital Markets and their Chicago-based subsidiary, Harris Bank. As of October 31, 2006, the bank operated 963 bank branches in Canada.

[edit] Company Profile

Bank of Montreal, together with its subsidiaries, offers a range of credit and noncredit products and services primarily in Canada. It operates in three segments: Personal and Commercial Banking, Private Client, Investment Banking.

[edit] Personal and Commercial Banking

The Personal and Commercial Banking segment provides personal and business banking solutions, including deposit accounts, loans and credit cards, insurance products, and personal investment products. It also offers various deposit and investment services, mortgages, consumer credit, business lending, cash management, various commercial and capital markets products and financial advisory services, and other banking services.

[edit] Private Client

The Private Client segment provides a range of wealth management products and solutions, including full-service and direct investing, and private banking and investment products. Its products and services include investment and wealth advisory services; brokerage services; direct investing products and services; and a range of investment products, such as mutual funds.

[edit] Investment Banking

The Investment Banking segment offers a range of financial solutions, including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions advisory services, merchant banking, securitization, treasury and market risk management, debt and equity research, trade finance and risk mitigation services, and institutional sales and trading. It also provides integrated debt, foreign exchange, interest rate, credit, equity, securitization, and commodities solutions to wholesale, commercial, and retail clients; merchant banking services that include the sourcing, structuring, and financing of private equity investments; and products and services that use credit as a tool for asset management. This segment also serves clients in the United Kingdom, Europe, Asia, and Australia.

[edit] Key Executives

Mr. William A. Downe , 54 Chief Exec. Officer, Pres, Chief Operating Officer, Member of Management Board, Director Nominee and Intrim Chief Exec. Officer of Personal & Commercial Client

Ms. Karen E. Maidment , 60 Chief Financial Officer, Chief Financial & Admin. Officer, Sr. Exec. VP and Member of Management Board

Mr. Gilles G. Ouellette Member of Management Board, Deputy Chair of BMO Nesbitt Burns, Chief Exec. Officer of Private Client Group and Pres of Private Client Group

Mr. Yvan J.P. Bourdeau , 62 Chief Exec. Officer of BMO Capital Markets, Chief Exec. of Bmo Nesbitt Burns, Head of Investment Banking Group and Member of Management Board

Mr. Barry Merritt Cooper Member of Management Board, Chairman of Jones Heward, Chief Exec. Officer of Jones Heward and Head of Mutual Fund Investments

[edit] Key Developments

Bank of Montreal's BMO Financial Group Announces Intention To Repurchase Up To 25 Million Common Shares July 24, 2007 Bank of Montreal's BMO Financial Group announced its intention to renew its normal course issuer bid through the facilities of the Toronto Stock Exchange. The Company intends to file a notice of intention with the Toronto Stock Exchange in this regard. The notice will provide that BMO Financial Group may, during the period commencing September 6, 2007, and ending September 5, 2008, purchase for cancellation on the Toronto Stock Exchange up to 25,000,000 common shares, being approximately 5% of the public float. The actual number of common shares that may be purchased and the timing of any such purchases will be determined by BMO Financial Group. BMO Financial Group will pay the market price for the shares at the time of acquisition. BMO's previous 12-month normal course issuer bid expires on September 5, 2007 and as at June 30, 2007, 5,330,300 common shares were repurchased under that bid at an average price of $69.72. There were 499,678,910 Bank of Montreal common shares issued and outstanding as at June 30, 2007 and the public float was 498,999,072 common shares.

Bank of Montreal Announces Agreement For Purchase Of Ozaukee Bank In Wisconsin July 10, 2007 Bank of Montreal announced that its division, BMO Financial Group has purchased Ozaukee Bank in a stock transaction valued at $190 million.

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