SAINT JOHN,
October 22,
2009 – 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.”
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