The Bank of Montreal (French: Banque de Montréal), (commonly BMO in either official language), or BMO Financial Group, is one of the Big Five banks in Canada. The Bank of Montreal officially opened its doors for business on November 3, 1817. It was founded by John Richardson and eight merchants in a rented house in Montreal, Quebec. On June 23, 1817 the Articles of Association were signed, making it Canada's oldest bank. BMO's Institution Number (or bank number) is 001. In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over seven million customers. The company also has substantial operations in the Chicago area and elsewhere in the United States, where it operates as BMO Harris Bank. BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns.
The company is ranked at number 150 on the Forbes Global 2000 list.
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“A man’s labour is not only his capital but his life. When it passes it returns never more. To utilise it, to prevent its wasteful squandering, to enable the poor man to bank it up for use hereafter, this surely is one of the most urgent tasks before civilisation.”
—William Booth (1829–1912)