TORONTO, Nov. 17, 2021 /CNW/ - BMO Financial Group today
announced a donation of $50,000 to
the Canadian Red Cross in support of B.C. communities impacted by
the severe weather in the province, and an additional $25,000 to the BC SPCA in recognition of the
impact of flooding on animal welfare. The bank is also offering
relief options to support customers affected by the events.
"BMO's Purpose to Boldly Grow the Good means that we are
steadfast in our commitment to support our communities and we hope
these dedicated offerings will help customers impacted in the B.C.
region," said James Kitamura,
Regional President, Personal Banking, British Columbia and Yukon Region, BMO Bank of
Montreal.
The severe weather relief options will help affected customers
by offering:
- Deferral of payments on certain personal loans and
mortgages
- Deferral of personal credit card payments
- Fast tracking of Creditor Insurance claims for customers whose
employment is impacted by the flooding
- No holds on insurance cheques provided they are payable to the
customer only and deposited in the Branch
- Business banking or commercial customers can also reach out to
their BMO key contact – BMO is here to help
"Our thoughts are with everyone affected by the severe weather
and recent flooding in British
Columbia," said Paul Seipp,
Head, Business Banking (Western Region), BMO Bank of Montreal. "We understand those affected are
living with uncertainty, and we're here to support our customers in
their time of need."
BMO customers looking for more information are encouraged to
visit BMO.com or connect in branch. The bank will also be accepting
donations in-branch for any employee or customer wishing to make a
donation.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly
diversified financial services provider - the 8th largest bank, by
assets, in North America. With
total assets of $971 billion as of
July 31, 2021, and a team of diverse
and highly engaged employees, BMO provides a broad range of
personal and commercial banking, wealth management and investment
banking products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
Internet:
www.bmo.com
Twitter: @BMOMedia
SOURCE BMO Financial Group