BMO Flood Relief Program
BMO Bank of Montreal announced a financial flood relief program on June 21 to assist customers affected by the flooding in Calgary and other impacted locations throughout southern Alberta. In addition, BMO announced a $100,000 donation to the Canadian Red Cross to support relief efforts in the region.
Many residents in High River are facing losses and we hope our relief program for customers and our donation to the Canadian Red Cross will help alleviate some of the difficulties. The High River BMO employees, including branch manager, Jordan Conway, are working from the Okotoks branch at 401 – 200 Southridge Drive. Hours of operation are 9am to 5pm Monday to Saturday.
The relief program for BMO clients includes:
· Deferral of personal loan payments (various options)
· Deferral of personal mortgage loan principal and interest payments for a period of two months
· Special accommodations for BMO Bank of Montreal commercial customers affected by the flooding, which are being developed on a case-by-case basis
· Options to reverse fees incurred such as non-BMO ATM fees, overdraft fees, and returned item fees
For further information, please call 1-877 CALL BMO (225-5266), or visit www.bmo.com . For information on additional branch locations in your area, please visit the BMO Branch Locator (top of the BMO website).
On June 27, 2013 BMO Bank of Montreal also announced a $35,000 donation to Siksika Nation, located just east of Calgary, to assist the Aboriginal community that has been severely affected by the flooding in Alberta.
Chamber is about working connections
On behalf of the networks of local chambers of commerce and boards of trade serving communities affected by the past week’s flooding, today, the Canadian Chamber of Commerce and the Alberta Chambers of Commerce called on governments to respond swiftly and effectively to the needs of businesses—particularly small and medium-size businesses—to help ensure their survival and the ongoing prosperity of the communities they support.
The effects will be felt well beyond the flooded areas themselves. The disaster has damaged buildings and destroyed inventory and financial records. It continues to prevent many businesses from restoring operations. Our members employ tens of thousands of Canadians. While it is too early to assess the exact economic impact of the flooding, governments must address the needs of business in their assistance, recovery and reconstruction plans.
We call on all orders of governments to recognize the challenges businesses face in making payments, producing records and meeting filing deadlines as a result of the disaster. We request governments to direct all departments to actively seek ways to reduce the administrative burdens for all business during these very difficult times. Additionally, because many of the losses incurred will not be covered by insurance, any financial assistance for which businesses are eligible must be provided as rapidly as possible.
The chamber network will work both with its members and with governments to assist with the recovery in any way it can.
For additional information please contact Ken Kobly, CEO, Alberta Chambers of Commerce or Perrin Beatty, CEO, Canadian Chamber of Commerce.
Dear Chamber Members:
We have been in communications with the Alberta Chamber of Commerce. The President of the Alberta Chamber of Commerce will be meeting with various levels of government tomorrow to address the following concerns as expresses by the business community.
What type of financial assistance will be available for businesses?
Deferral of Interest payments on business lines of credit.
Unemployment insurance for employees.
Once the report is available it will be posted here.
Guy Weadick Days, Rodeo and Chuckwagons are cancelled
Rodeo and chuckwagons are cancelled. Please see the High River Ag Society website as they will be posting further information as it becomes available.
Evacuation Order in Place for High River
Emergency Alert declared in High River.
Two evacuation centers are set up: Highwood High School in High River and the Tom Horneker Recreation Center in Nanton.
Please follow the Town on Twitter and Facebook before proceeding anywhere to assist. They are posting where help is needed and where to park to do so.