BMO Financial Corp. announced the appointment of Adela Cepeda, President of A.C. Advisory Inc., to the BMO Financial Corp. Board of Directors. Cepeda founded A.C. Advisory Inc. Cepeda also serves on the boards of various mutual funds. In previous roles, Cepeda has served as Managing Director and Co-founder of Abacus Financial Group Inc., and as Vice President for the Corporate Finance Department at Smith Barney, Harris Upham & Co. Inc. She also served on the audit committee of Wyndham International Inc. Cepeda served on the executive committee of the Chicago Community Trust and the board of the Public Building Commission. She currently serves on the boards of Windows to the World Communications Inc., Ravinia Festival Association and the Girl Scouts of Greater Chicago and Northwest Indiana.

BMO Financial Corp. and its subsidiaries BMO Financial Corp. and BMO Harris Bank N.A. announced the expiration and final results of the previously announced cash tender offers to repurchase certain of their outstanding notes. BFC offered to repurchase for cash any and all of its 7.500% subordinated notes due 2013, and BHB offered to repurchase for cash any and all of its 4.850% subordinated bank notes due 2015 and its 5.000% subordinated bank notes due 2017. The tender offers expired at 5:00 p.m. (E.T.), on July 31, 2012. According to information provided by the depositary and information agent for the tender offers, $64.7 million aggregate principal amount of 4.850% subordinated bank notes, $94.7 million aggregate principal amount of 5.000% subordinated bank notes, and none of the 7.500% subordinated notes were validly tendered and not validly withdrawn on or before the Expiration Time. BHB has accepted all of these 4.850% subordinated bank notes and 5.000% subordinated bank notes for purchase. The purchase of the notes will be funded by cash on hand.

Bank of Montreal and its subsidiaries BMO Financial Corp. (BFC) and BMO Harris Bank National Association (BHB) announced the Purchase Prices for the previously announced cash tender offers to repurchase certain of BFC's and BHB's outstanding notes. BFC is offering to repurchase, for cash, any and all of its 7.500% Subordinated Notes due 2013, and BHB is offering to repurchase, for cash, any and all of its 4.850% Subordinated Bank Notes due 2015 and its 5.000% Subordinated Bank Notes due 2017. Holders of Notes who validly tender and do not validly withdraw their Subordinated Notes prior to 5:00 p.m. (E.T.) on July 31, 2012. In addition, BFC and BHB will pay accrued and unpaid interest on the Notes from the last interest payment date to, but excluding, the settlement date, which is expected to be August 1, 2012. The Purchase Price for each series of Notes is intended to result in a yield to maturity equal to the sum of the yield to maturity of the U.S. Treasury Reference Security, as measured by the Dealer Manager at 2:00 p.m. (E.T.) on July 31, 2012.