27 Lombard St., the location of the bank’s London Branch from 1870-1887, circa 1900.

The first Canadian bank to open an international branch

Bank of Montreal was the principal agent for servicing Canada’s rapidly expanding foreign trade. That led to a decision to open an agency in London, England in 1870. The office at 27 Lombard – a street that had been synonymous with finance since the 13th century – was a stone’s throw from the Bank of England, the Royal Exchange and the Mansion House.

A bank report set forth the three purposes of the new office: 1) provide for the transfer of the bank’s stock and payment of dividends in England; 2) develop and facilitate the foreign business of the bank, and the British and foreign trade of the Dominion; and 3) provide safe employment for “surplus funds” of the bank.

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Covers of Whom Fortune Favours volumes 1 & 2

The definitive history of one of North America's most enduring banks, Whom Fortune Favours: The Bank of Montreal and the Rise of North American Finance, Volume 1 & 2, by Laurence B. Mussio.

Visit the McGill Queen’s University Press site to order your copy.

A visually rich tribute to Canada’s first bank, A Vision Greater than Themselves: The Making of the Bank of Montreal, 1817-2017 by Laurence B. Mussio tells the compelling story of the bank from its origins to present day.

Visit the McGill Queen’s University Press site to order your copy.


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