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BMO Capital Markets Significantly Expands U.S. Municipal Bond Capability with Acquisition of Griffin, Kubik, Stephens & Thompson, Inc.

BMO becomes one of the largest muni-bond dealers in the Midwest

 

CHICAGO and TORONTO, April 21, 2008 BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (TSX, NYSE: BMO), announced a definitive agreement today to acquire Chicago-based Griffin, Kubik, Stephens & Thompson Inc. (GKST). The acquisition will make BMO Capital Markets the sixth-largest bank qualified municipal bond dealer in the United States and the largest in Illinois, greatly accelerating BMOs national presence in the municipal bond market.

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