|By Marketwired .||
|July 2, 2014 12:54 PM EDT||
REGINA, SASKATCHEWAN and WINNIPEG, MANITOBA -- (Marketwired) -- 07/02/14 -- BMO Bank of Montreal today announced a financial flood relief program to assist customers affected by the flooding in locations throughout the Southern Prairies Region.
"Many residents are facing losses caused by the flooding and we hope our relief program for customers alleviates some of those challenges," said John MacAulay, Senior Vice-President for Prairies Central Canada Division, BMO Bank of Montreal.
The relief program for BMO clients includes:
-- Deferral of personal loan payments (various options) -- Deferral of personal mortgage loan principal and interest payments for a period of two months -- Special accommodations for BMO Bank of Montreal commercial customers affected by the flooding, which are being developed on a case-by-case basis.
BMO Bank of Montreal customers impacted by the flood are invited to speak with a BMO financial services manager about their particular financial needs.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of $582 billion and more than 45,500 employees at April 30, 2014.