- BMO will continue as the official bank of the Canadian
Defence Community for an additional ten years
TORONTO, Dec. 9, 2019 /CNW/ - BMO Bank of
Montreal today announced a
ten-year extension of its partnership with Canadian Forces Morale
and Welfare Services (CFMWS). With the extension, BMO continues to
be the Official Bank and exclusive provider of banking services and
financial products to members of the Canadian Defence
Community.
"BMO is proud to continue its long standing relationship as the
banking partner to the Canadian Defence Community," said
Cameron Fowler, President, North
American Personal & Business Banking, BMO Financial Group. "Our
teams across Canada are honoured
to support current and former troops and their families to help
make their financial goals a reality."
Since 2008, BMO has served as the Official Bank of the Canadian
Defence Community. The bank has created a Canadian Defence
Community Banking (CDCB) Program, designed to serve the banking
needs of regular force personnel, reserves, recruits, military
families, veterans and retirees, as well as Department of National
Defence (DND) and Staff of the Non-Public Funds civilian personnel,
the RCMP and the Canadian Coast Guard.
The CDCB Program offers products and services specifically
designed to meet the needs of the defence community, such as
discounted banking rates and the BMO Support Our Troops Mastercard.
A portion of each transaction made with the BMO Mastercard goes to
Support Our Troops, the official charitable cause of the Canadian
Armed Forces, and has generated over $519,000 so far.
"Over the past decade, our partnership with BMO has allowed us
to improve the lives of our members, veterans and their families,
and we are excited to continue delivering a wide range of benefits
specifically designed for our Defence Community," said Sean N.
Cantelon, CEO, Canadian Forces Morale and Welfare Services.
"We look forward to working with BMO in this renewed partnership to
enhance services that meet the needs of the Defence community,
today and tomorrow."
To help support current and future BMO employees who are
reservists, veterans or military spouses, the bank has established
a Veterans Advisory Council (VAC) Enterprise Resource Group in
Canada and a new friendly military
hiring page, dedicated to supporting those in transition move into
the next stage of their professional life.
To learn more about how BMO is helping members of the Canadian
Defence Community, visit https://www.bmo.com/cdcb
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 $852
billion as of October 31, 2019, 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.
SOURCE BMO Financial Group