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BMO Financial Group 195th Annual Report 2012 15
$10 billion
BMO’s Open For Business campaign
will make up to $10 billion in
financing available to Canadian
businesses over three years.
Contributions to
the Community (%)
$55.7million
Imperial Crane
When B.J. Bohne took over Imperial
Crane Services in 2003, he hoped
to transform the business his father
founded into an industry leader.
But financing that vision had its
headaches: “We were dealing with
14 banks and 40 different loan
officers,” B.J. recalls. “We needed
one strong financial partner.”
BMO Harris Bank understood
B.J.’s goals – and the challenges of
the construction industry. “We
worked together,” explains commer-
cial banker Bill Thomson, “to craft a
customized financial structure.”
Today Chicago-based Imperial
is the largest locally owned crane
company in the U.S. Midwest.
“We’ve done well during the
recovery,” says B.J. “The BMO rela-
tionship has enabled us to purchase
equipment and add hundreds
of jobs. And we have the security
of knowing our capitalization is
stable, so we can spend more time
developing the business.” Now
further expanding its customer
base in the oil and gas, chemical
and steel industries, Imperial
can afford to set its sights high –
thanks to a solid financial platform.
Enhancing knowledge of risk
Rotation programs that place
talented risk professionals in each
of our business groups strengthen
risk management – a long-time
differentiator for BMO – enterprise-
wide. Employees from risk swap
roles with colleagues in other busi-
ness groups, which helps ensure
all employees have a greater
understanding and awareness
of risk issues.
Imperial Crane Services
started with a single crane.
Today the company has
more than 200.
24
15
28
10
18
5
Hospitals and Health Care
Civic and Community
Initiatives
Education
Federated Appeals
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