Where is Bank of Montreal located?

Head office, Bank of Montreal, Montréal, Québec. BMO Financial Group, commonly known for its Bank of Montreal operations, is Canada’s oldest incorporated bank. Founded in Montreal in 1817 by a group of nine of the city’s most prominent figures, its original name was Montreal Bank.

Is BMO a Canadian Bank?

It is the second-largest Chicago-area bank based on market share, behind JPMorgan Chase, and the second largest US subsidiary of a Canadian bank after TD Bank, N.A. (owned by the Toronto-Dominion Bank ). BMO is the issuer of the Diners Club cards in the United States.

Why did the bank of Montreal Open a branch in New York?

As Canada continued to grow after Confederation, the Bank of Montreal focused its business lending on the rapidly growing lumber , railway and industrial companies. The boom in Canada’s foreign trade at the time benefited the bank greatly. This encouraged it to open its first permanent branch in New York in 1859 and in London, England, in 1870.

Does Bank of Montreal pay dividends?

The company has not missed a dividend payment since 1829. They paid dividends consistently through major world crises such as World War I, the Great Depression, World War II, and the 2008 financial crisis; this makes the Bank of Montreal's dividend payment history one of the longest in the world.