Dream of a Western Canadian bank just met reality facing regional players [Financial Post (Toronto, Ontario, Canada)]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. When the Canadian Western Bank opened its doors in 1984, it was a bank on a mission. In Alberta, exasperation with the big, Toronto-based banks stretched as far back as the early 1920s, but Ottawa's National Energy Program and the early 1980s recession had raised frustrations to new levels. Founded by Dr. Charles Allard and Eugene Pechet, what was originally known as the Bank of Alberta would be run by “common-sense people.” It would be headquartered in the West (Edmonton) where large banks “were sometimes hesitant to lend.” Management would be “nimble” and “non-bureaucratic,” and “decision-making would be local,” the founders declared. And finally, branch managers and their staff “would know local industries and get local business.” Article content By design, what soon became the Canadian Western Bank (CWB) was a different kind of Canadian bank, one that embodied a dream that many i
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BMO
Earnings
- 5/29/24 - Beat
BMO
Sec Filings
- 6/21/24 - Form FWP
- 6/21/24 - Form FWP
- 6/21/24 - Form FWP
- BMO's page on the SEC website