BMO Congratulates Insurance Brokers Association of New Brunswick on its 90th
Anniversary

    
    -   BMO has a financial services program to meet brokerages' specific
        needs
    -   BMO's $1 billion shot in the arm for entrepreneurs available for
        brokers
    

SAINT JOHN, Oct. 22 /CNW/ - BMO today congratulated the Insurance Brokers Association of New Brunswick (IBANB) as it opened its annual meeting in Saint John on the occasion of its 90th anniversary.

"Independent Insurance brokers are active members in communities across the country, and we congratulate the IBANB and its members for their important contribution to New Brunswick over the last 90 years," said John Knotek , Senior Manager, Industry Programs, BMO Bank of Montreal .

"Brokers' business financial needs are many and varied," said Knotek. "They need cost-effective everyday banking, easy and convenient access to their accounts, consistent access to acquisition and succession financing, plus services such as payroll and cash management. At BMO, we have worked extensively with members of the insurance industry to develop a financial services program to meet brokerages' specific needs. Our bankers understand how a brokerage business operates, and we can help them get the best value for their banking dollar."

"BMO has a long history of doing business with brokers," said Linda Dawe , CEO, IBANB. "BMO has kept up with the trends in our industry, understands the needs of brokerages and where brokerages are headed. Not only have they put a program together, they have supported brokers over the long term through challenges we never thought might occur. They are a trusted partner and friend."

In a program to support Canada's entrepreneurs - including insurance brokerages - as they emerge from the recession, BMO Bank of Montreal is showing it is open for Canadian business by making a minimum of $1 billion additional funds available to lend to small- and medium-sized enterprises (SME) across Canada .

"We're open for Canadian businesses - throughout the business cycle," said Carolyn Booth , BMO's District Vice-President, New Brunswick and Prince Edward Island . "Small and medium-sized businesses are the backbone of our economy. If you're a broker who is not currently banking with us, come and talk to us today."

For further information: Media Contacts: Peter Scott, Toronto, [email protected], [phone]; Ronald Monet, Montreal, [email protected], [phone]; Internet: www.bmo.com