BMO Bank of Montreal Announces Relief Program for Grain Farmers in Prairies and Western Canada
1 hour ago - ACQUIREMEDIA
TORONTO, ONTARIO -- (Marketwired) -- 03/06/14 -- BMO Bank of Montreal announced today it is offering a financial relief program to assist commercial customers in British Columbia, Alberta, Saskatchewan and Manitoba affected by a grain handling backlog amid severe winter weather.
"We want to provide immediate support to any grain producers and other related businesses that may be experiencing cash flow disruptions as a result of the backlog, which can hamper their ability to finance crop expenses for the up-coming season," said Steve Murphy, Senior Vice President, Commercial Banking, BMO Bank of Montreal. "We stand by our customers in good times and bad times and hope this program will help to alleviate some challenges."
The program includes:
-- Deferral of loan payments
-- Waiver of a new loan application and concessions on renewal fees
-- Flexible terms on existing and new lines of credit for 2014 are being
developed on a case-by-case basis
For further information, customers are encouraged to visit a local BMO branch, or call 1-877 CALL BMO (225-5266), or visit www.bmo.com. For information on branch locations in your area, please visit the BMO Branch Locator.
1 hour ago - ACQUIREMEDIA
TORONTO, ONTARIO -- (Marketwired) -- 03/06/14 -- BMO Bank of Montreal announced today it is offering a financial relief program to assist commercial customers in British Columbia, Alberta, Saskatchewan and Manitoba affected by a grain handling backlog amid severe winter weather.
"We want to provide immediate support to any grain producers and other related businesses that may be experiencing cash flow disruptions as a result of the backlog, which can hamper their ability to finance crop expenses for the up-coming season," said Steve Murphy, Senior Vice President, Commercial Banking, BMO Bank of Montreal. "We stand by our customers in good times and bad times and hope this program will help to alleviate some challenges."
The program includes:
-- Deferral of loan payments
-- Waiver of a new loan application and concessions on renewal fees
-- Flexible terms on existing and new lines of credit for 2014 are being
developed on a case-by-case basis
For further information, customers are encouraged to visit a local BMO branch, or call 1-877 CALL BMO (225-5266), or visit www.bmo.com. For information on branch locations in your area, please visit the BMO Branch Locator.