BMO Harris Bank Announces Farm Drought Relief Program

By CnAgri2012-08-24 19:48:50 Print

BMO Financial Group, which has purchased the M&I Bank chain last year, has announced a financial relief program to assist customers affected by dry conditions throughout much of the country.

As part of a set of new policies, BMO customers can apply for working capital assistance, deferral of loan payments or other measures to assist farmers.

"As one of the top ten ag-banks in the United States, we at BMO Harris Bank believe it's important to stand with our customers during these trying times," said Sam Miller, Managing Director and Group Head of Agriculture Lending at BMO Harris Bank.

Many call this year's drought the worst drought in 56 years. Reports estimate that as of July 31, nearly two-thirds of the continental U.S. was experiencing some level of drought.

For more information about the drought relief programs contact your local M&I or BMO Harris bank branch.