50-489: Steeles could refer to the following: Steeles, Toronto - a suburban neighbourhood in northeastern Toronto , Ontario Steeles Avenue - a major urban thoroughfare that forms a boundary between Toronto and York Region , Ontario See also [ edit ] Steeles Tavern, Virginia - An unincorporated community in Virginia . [REDACTED] Topics referred to by
100-636: A Vancouver branch of the bank following an identification discrepancy. The Vancouver mayor criticized the bank for what he termed giving false information to the police. The police were afterwards investigated. A human rights claim was later filed in response to the incident. A settlement was eventually reached, which included an undisclosed monetary payment to the victims, an apology ceremony in Bella Bella, territorial acknowledgement plaques installed at certain branches and BMO updating internal policies and procedures for how status cards are handled. After
150-442: A Bank of Montreal trader pleaded guilty to intentionally mismarking his trading book in order to increase his bonus from the bank. In 2009, BMO purchased AIG 's Canadian life insurance business, AIG Life Insurance Company of Canada (400,000 customers and 300 employees), for approximately CA$ 330 million, making BMO the second-biggest life insurer among Canadian banks. The new component was renamed BMO Life Assurance Company. In
200-551: A group of merchants signed the Articles of Association, formally creating the "Montreal Bank". The signors of the document include Robert Armour , John C. Bush, Austin Cuvillier , George Garden , Horatio Gates , James Leslie , George Moffatt , John Richardson , and Thomas A. Turner. The bank was first located in rooms rented on Rue Saint-Paul , Montreal , before moving to its permanent building on Rue Saint-Paul in 1818. In
250-699: A license to operate in China. During the 1990s, BMO acquired a number of other banks in the Chicago area , merging them under the Harris Bank name, including Suburban Bancorp in 1994; and Household Bank in 1999. In 1998, the Bank of Montreal and the Royal Bank of Canada announced they had agreed to a merger pending approval from the government. Government regulators later blocked the proposed merger, along with
300-699: A one-year sponsorship of IndyCar team Newman/Haas/Lanigan Racing to appear on the No. 06 car of Graham Rahal in the first-ever IRL -sanctioned Canadian IndyCar race at Edmonton . Since 1997, Bank of Montreal has been a major sponsor of Skate Canada , and is the title sponsor of the BMO Financial Group Canadian Championships , BMO Financial Group Skate Canada Junior Nationals, BMO Financial Group Skate Canada Challenges, BMO Financial Group Skate Canada Sectionals, and BMO Financial Group Skate Canada Synchronized Championships. It
350-694: A similar proposal by the Toronto-Dominion Bank to merge with the Canadian Imperial Bank of Commerce . Although the banks did not merge, in 2000, the Bank of Montreal, together with the Royal Bank of Canada, merged their merchant payment processor businesses to form Moneris Solutions . In 2006, BMO bought BCPBank, a Schedule C financial institution that was the Canadian division of Banco Comercial Português . In 2008,
400-654: A slogan introduced in 1969. The bank is a founder and major sponsor of the Siminovitch Prize in Theatre , an annual award of $ 100,000 granted to a Canadian director, playwright, or designer. The bank has been a sponsor of the Toronto FC of Major League Soccer since 2007 and of its home stadium named BMO Field at Exhibition Place . In 2010, BMO extended its agreement with the Toronto FC through
450-638: A small group of people into a public company owned by 144. At this time, it became officially known by its current name. Expansion into Upper Canada was halted in 1824, after legislation from the Parliament of Upper Canada forbade bank branches whose head offices were not based in Upper Canada from operating. In 1838, the bank reentered the Upper Canadian market with the purchase of the Bank of
500-513: A three-storey structure for the Bank of Montreal on Saint Jacques Street in Montreal. The building was modelled after a Georgian townhouse with a small portico of Corinthian columns supporting a classical pediment and remains the bank's legal headquarters. Buildings that formerly housed a branch of the bank have also seen later notable use. A branch in Montreal has been designated as a National Historic Site of Canada in 1990. The building
550-611: Is a Canadian multinational investment bank and financial services company. The bank was founded in Montreal , Quebec , in 1817 as Montreal Bank, making it Canada's oldest bank. In 2023, the company’s seat in Forbes Global 2000 was 84. Its head office is in Montreal and its operational headquarters and executive offices are located in Toronto , Ontario , since 1977. It is commonly known by its ticker symbol BMO on both
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#1732780848446600-537: Is also part of the Chinatown of Scarborough , which extends into the neighbouring districts of Agincourt and Milliken . The neighbourhood of Steeles is part of the federal and provincial electoral district of Scarborough—Agincourt . Municipally, the neighbourhood is part of Ward 22 . Two public school boards operate schools in Steeles, the separate Toronto Catholic District School Board (TCDSB), and
650-773: Is also the presenting sponsor of the CanSkate Learn-to-Skate Program. In 2005, BMO Bank of Montreal became the title sponsor for the annual May marathon race staged by the Vancouver International Marathon Society. The current name is "BMO Bank of Montreal Vancouver Marathon ". BMO is a member of the Canadian Bankers Association and registered member with the Canada Deposit Insurance Corporation ,
700-473: Is different from Wikidata All article disambiguation pages All disambiguation pages Steeles, Toronto Steeles is a suburban neighbourhood in Toronto , Ontario , Canada . Steeles is located in the north-eastern part of Toronto in the former suburb of Scarborough . To the north is bordered by Steeles Avenue East, to the east by Kennedy Road , to the south by a hydro-electric transmission line (just south of McNicoll Avenue ) and to
750-727: Is located in the Bamburgh Gardens Shopping Plaza, in Steeles. It was opened in 1987 by the Scarborough Public Library Board, and incorporated into the Toronto Public Library system in 1998 after the amalgamation of Metropolitan Toronto . Steeles is home to several municipal parks that feature playgrounds , baseball diamonds, basketball courts, fitness centres, gymnasia , and playing fields for soccer , football , and cricket . Municipal parks are managed by
800-579: The Canadian Imperial Bank of Commerce ) were the targets of hackers in May 2018, who claimed to have compromised the systems of both banks and stolen information on a combined 90,000 customers (50,000 from BMO). An email sent from a Russian address and attributed to the hackers demanded a ransom of US$ 1 million from each company paid via Ripple by 11:59 pm on 28 May 2018 or the information would be released on "fraud forum [ sic ] and fraud community [ sic ]". In 2018, BMO went into
850-473: The Chicago area and elsewhere in the country, where it operates BMO Bank, N.A. . BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns . On 12 December 2021, the Bank of Montreal announced the strategic acquisition of Bank of the West from BNP Paribas for US$ 16.3 billion. The bank was established on 23 June 1817 when
900-750: The Don Valley Parkway (404) to the west, the Express Toll Route (407) to the north, and the Macdonald-Cartier Freeway (401) to the south. Although there are no designated bike lanes in the neighbourhood, cyclists often share the roads in addition to using the sidewalks along them and bicycle paths in parks. Such paths are also commonly used for walking and inline skating . Bank of Montreal The Bank of Montreal (French: Banque de Montréal ), abbreviated as BMO (pronounced / ˈ b iː m oʊ / ),
950-586: The Toronto Parks, Forestry and Recreation Division . In addition to municipal parks, the division also manages L'Amoreaux Community Centre, located in the southeast of the neighbourhood. Municipal parks in Steeles include: Steeles is the home of Toronto's Guyana Independence Day Festival, held annually at the L'Amoreaux Community Center. Roads are used by automobiles and serviced by public transit , particularly Toronto Transit Commission 's (TTC) bus system . York Region Transit buses also pass through
1000-489: The Toronto Purchase , who converted the area into farmland which, in turn, was developed into residential, commercial, and public buildings complemented by small lots of parkland. Before the neighbourhood was developed, much of the land was covered by hardwood forests with great stands of white and red pines. However, during the 19th century, land clearing and lumbering removed most of the original forest cover. By
1050-648: The Toronto Stock Exchange and the New York Stock Exchange . In April 2024, it had CA$ 1.37 trillion in total assets. The Bank of Montreal swift code is BOFMCAM2 and the institution number is 001. In Canada, BMO has more than 900 branches and more than 1000 in the United States, serving over 13 million customers globally. In the United States, BMO does business as BMO Financial Group, where it has substantial operations in
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#17327808484461100-471: The marijuana sector with a $ 175 million deal for a stake in a producer. It was the first investment in the sector by a "Big Five Canadian bank". In January 2018, the bank was accused in a lawsuit along with five other Canadian banks for "conspiring to rig a Canadian rate benchmark to improve profits from derivatives trading". After resigning from the Canadian Liberal cabinet, Scott Brison
1150-496: The secular Toronto District School Board (TDSB). Both TCDSB and TDSB operate one secondary school in the neighbourhood. TCDSB operates Mary Ward Catholic Secondary School , whereas TDSB operates Dr. Norman Bethune Collegiate Institute . In addition to secondary schools, both school boards also operate several public schools in the neighbourhood. They include: The Steeles branch of the Toronto Public Library
1200-607: The 2016 season. The bank is also a sponsor of the CF Montréal , announcing a five-year agreement to become lead sponsor and jersey sponsor on 14 June 2011. In addition, the bank is a sponsor of Los Angeles FC , with their stadium being named BMO Stadium since 2023. From at least 2007 through 2011, BMO was the sponsor for the Toronto Maple Leafs and the Toronto Raptors . In July 2008, BMO announced
1250-706: The Bank of Montreal four days after the collapse of the Commercial Bank and Union Bank of Newfoundland on 10 December 1894. By 1907, the bank had branches in every province of Atlantic Canada , with the opening of a branch in Charlottetown . Expansion into the Maritimes was further facilitated with the acquisition of the Exchange Bank of Yarmouth in 1903, the People's Bank of Halifax in 1905, and
1300-580: The Bank of Montreal's two units in Chicago paid $ 38 million. In December 2019, the bank cut 2,300 jobs, after a drop in quarterly earnings, effecting around five percent of the workforce. The company had plans to "double indigenous lending" in September 2019. There was controversy and protests in January 2020 after a12-year-old First Nations girl and her grandfather were handcuffed by police at
1350-538: The People , a bank based in Toronto. BMO was permitted to open its own branches in the area, after Upper Canada and Lower Canada were united to create the Province of Canada in 1841. Shortly after the two colonies merged, the bank opened branches into Cobourg , Belleville , Brockville , and Ottawa . Expansion into the Maritimes and Western Canada was facilitated following Canadian Confederation . In 1877,
1400-692: The People's Bank of New Brunswick in 1906. The early 20th century also saw the bank acquire several financial institutions that helped increase its presence in Newfoundland, and areas west of Quebec, including the Ontario Bank in 1906, the Bank of British North America in 1918, and the Merchants Bank of Canada in 1921. During this period, the bank also acquired the Montreal-based Molson Bank in 1925. In 1942,
1450-548: The West from BNP Paribas , with the intent of merging it with BMO Harris Bank, which would at least double BMO's total presence in the United States. BMO's acquisition of Bank of the West was completed in February 2023, and the Bank of the West brand is planned to be absorbed into the BMO brand by September 2023. In January 2024, BMO became the first new member of the club of United Kingdom Bond dealers in 10 years, becoming one of
1500-402: The area. Major roadways in Steeles include Victoria Park Avenue , a north-south road that acts as the neighbourhood's western boundary, Steeles Avenue , which acts as Steeles' northern boundary, Warden Avenue , a north-south road that passes through the middle of the neighbourhood, and Kennedy Road , a north-south road that acts as the neighbourhood's eastern boundary. The nearest highways are
1550-546: The bank assumed control of two retail branches formerly belonging to the Standard Chartered Bank of Canada . In 1994, the Bank of Montreal became the first Canadian bank to be listed on the New York Stock Exchange . In 1995, the bank opened its first branch in Guangzhou , formally receiving a license to operate the branch on 20 November 1996. In doing so the bank became the first Canadian bank to receive
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1600-468: The bank ended production of its own bank notes , which were in circulation in Canada since 1871. By 1944, the central bank of the country, the Bank of Canada became the sole issuer of currency in Canada, and notes from private banks were withdrawn. In 1960, the Bank of Montreal moved its operational headquarters to a seventeen-storey structure next to its historic head office. The building served as
1650-656: The bank opened its first branch in Western Canada, with the opening of a branch in Winnipeg . New branches were also opened in the Maritimes, in Halifax , Moncton , and Saint John completed shortly after Confederation. The Bank of Montreal established branches in Newfoundland Colony on 31 January 1895, at the behest of the colonial government. The colonial government of Newfoundland made the request to
1700-435: The bank's operational headquarters until 1977, when it was moved to First Canadian Place on Bay Street in Toronto in 1977. The structure was named after the bank's slogan at the time, The First Canadian Bank , which was introduced in 1969, and was prominent in much of the bank's advertising during the 1970's, most notably in television commercials featuring Canadian actor Leslie Nielsen . The bank's present "M-Bar" logo
1750-502: The client groups operates under multiple brand names. In October 2008, Mediacorp Canada Inc. named BMO Financial Group one of Greater Toronto's Top Employers . A number of buildings in which Bank of Montreal presently operates branches have been designated by municipal, provincial, and/or federal levels of government as being of historic importance . These include: A number of late-19th century Bank of Montreal branches were also built by British architect, Andrew Taylor. Taylor designed
1800-542: The early 1980s, most residential development had been completed. Shepton Way was developed over the last farm in the neighbourhood in 2001. Development is mostly complete in the neighbourhood, save for some new homes and businesses that continue to be built. Ethnic minorities represent 91% of the population of Steeles, compared to 51% in Toronto. 80% of the population in Steeles have a native language other than English. Of that population, 39.3% speak Cantonese and 34.5% speak Mandarin. Small and medium-sized businesses bookend
1850-573: The east and west sides of the community; most commercial outlets are concentrated in the west between Victoria Park and Pharmacy. Within this commercial area, the Bank of Montreal (BMO) has a major Institute for Learning facility. Bamburgh Gardens Shopping Plaza is the largest shopping centre in the neighbourhood of Steeles. It can be found in the middle of the neighbourhood at 375 Bamburgh Circle, one block south of Steeles off Warden (east side). Other small and medium-sized business centres include Passmore Shoppers, and Victoria Park Business Centre. Steeles
1900-643: The excavation area, which was called the Alexandra site. The village is estimated to have had 1,000 inhabitants in 1400 CE . In the 17th century, the Six Nations, also known as the Iroquois , began besieging the Huron-Wendat. No longer able to resist the attacks of the Six Nations, the Huron-Wendat in the area left Southern Ontario for Quebec City in 1650. European settlers settled the area following
1950-789: The incident, BMO launched an Indigenous Advisory Council with Indigenous members from a number of provinces. The CEO of the bank argued against fossil fuel divestment in March 2020, after it "acquired $ 3 billion of energy loans from Deutsche Bank DBKGn.DE in 2018". In 2021, BMO signed the UN Principles for Responsible Banking (PRB) with the goal to reach global net-zero climate targets as well as net-zero financed emissions in their lending by 2050. In July 2022, BMO acquired Calgary-based Radicle Group Inc., an adviser to companies on sustainability and measuring carbon emissions. In December 2021, BMO agreed to acquire San Francisco-based Bank of
2000-496: The liability. In 2014, the bank acquired London-based Foreign & Colonial Investment Trust , later re-branding it as BMO Commercial Property Trust in 2019. In September 2015, BMO agreed to acquire General Electric Co. subsidiary GE Capital's transportation-finance unit. The business acquired has US$ 8.7 billion (CA$ 11.5 billion) of assets, 600 employees and 15 offices in the US and Canada. BMO and Simplii Financial (a subsidiary of
2050-476: The operational headquarters was moved to a 17-storey tower adjacent the historic head office building. In 1977, the bank's operational headquarters or "executive office", was moved to First Canadian Place in Toronto, with the chairman, president, and some senior executives working from First Canadian Place. The structure's was named after a historic slogan of the bank, the First Canadian Bank ,
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2100-424: The primary-dealer banks that buy bonds directly from the government. By buying bonds directly from the government, banks help create a liquid market for government debt, but they also have to hold additional capital as insurance against possible losses. In 2013, the number of primary bond dealers reached 21, by 2024 it had dropped to 16. BMO is divided into three "client groups" which serve different markets. Each of
2150-425: The same term This disambiguation page lists articles about distinct geographical locations with the same name. If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Steeles&oldid=1105188745 " Category : Place name disambiguation pages Hidden categories: Short description
2200-514: The same year, the Bank of Montreal acquired the Diners Club International 's North American franchise from Citibank . The transaction gave BMO exclusive rights to issue Diners cards in the US and Canada. In October 2010, the bank became the first Canadian bank to incorporate in China, with branches in China operating as BMO ChinaCo. In December 2010, BMO announced the purchase of Milwaukee -based Marshall & Ilsley , and
2250-659: The same year, the bank opened its first branch in Quebec City ; and several offices in Upper Canada , including Amherstburg , Kingston , Perth , and York (present day Toronto ). The bank also opened its first foreign permanent office in 1818, opening an office in Willam Street in New York City . By 1822, the bank converted from the status it had held since its founding as a private company owned by
2300-417: The west by Victoria Park Avenue . The area is over the watershed of West Highland Creek , the source for which is L'Amoreaux North Park Pond, which is also within the neighbourhood. Archaeologist Ron Williamson led a team that excavated the remains of a Huron-Wendat village near L'Amoreaux North Park Pond, which is the source of West Highland Creek . Nearly 20,000 archaeological artifacts were found in
2350-443: Was also introduced during this time, in 1967. However, the bank's legal headquarters remains at the historic Montreal head office, with First Canadian Place formally listed as the "executive office" of the bank. In 1984, the bank acquired Chicago-based Harris Bank (through its parent, Harris Bankcorp), later rebranded as BMO Harris Bank . In 1987, the bank acquired stock brokerage Nesbitt, Thomson and Company . Several years later,
2400-532: Was completed in 1894, and was designated as a historic site as a good example of Queen Anne Revival architecture . Another former Bank of Montreal branch on Front and Yonge Streets in Toronto has housed the Hockey Hall of Fame since 1993. The 1885 Beaux-Arts styled building designed by the Toronto firm of Darling & Curry . Completed in 1847, the Bank of Montreal Head Office is formally located in Montreal, on Saint Jacques Street . However in 1960,
2450-565: Was hired by the bank as its vice-chair of investment and corporate banking in February 2019. In February 2019, it became reported that its US retail profits had surged. The bank moved its New York City headquarters in April 2019, to a former Conde Nast building. That month, the bank's Irish subsidiary was fined several million for a license breach. To settle charges by the SEC that it hid conflicts of interest from clients in 2016, in September 2019
2500-508: Was later amalgamated with its Harris Bank operations. When the transaction completed, M&I Bank, along with current Harris Bank branches were rebranded BMO Harris Bank . In 2022, BMO booked US$ 834 million after being found liable for Marshall & Ilsley Bank Ponzi scheme with damages of US$ 550 million. In 2009, businessman Thomas Petters was found guilty of running the scheme using an account at Marshall & Ilsley between 2002 and 2008. When BMO bought Marshall & Ilsley and assumed
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