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Royal Bank plans U.S. expansion

Article Abstract:

Royal Bank of Canada has announced a new U.S. expansion strategy that includes the acquisition of mortgage brokerage companies. Royal Bank, which is led by chairman John Cleghorn, bought Chicago, Ill.-based Prism Financial Corp. lats month.

Author: Howlett, Karen
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
United States, Mortgage bankers and correspondents, Mortgage Bankers, Real Estate Credit, Mortgage banks, Royal Bank of Canada, RY, Prism Financial Corp.

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BMO sells 14 Manitoba branches to credit unions

Article Abstract:

Bank of Montreal has signed an agreement with the Manitoba Credit Union Central to sell some of its Manitoba-based bank branches. BOM, which will sell 14 branches, is selling the branches for $11 million.

Author: Howlett, Karen
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2000
Bank of Montreal, Manitoba, Manitoba Credit Union Central

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Subjects list: Banking industry, Commercial banks, Canada, Mergers, acquisitions and divestments
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