Media Advisory - TFSA vs. RRSP - Which Is Right For You? - Bank of Montreal BMO

Canadians are saving more today than they have at any point in the last decade, and there is no shortage of investment options available for them to consider - whether it be RRSPs, RDSPs, or RESPs

Since its introduction in 2009, the Tax Free Savings Account (TFSA) has proven to be one of the more popular investment choices. According to a recent BMO Economics report, more than 3.5 million Canadians opened a TFSA in the first six months it was made available.

With RRSP season upon us and people paying closer attention to their investments, many are wondering how the TFSA fits into their overall portfolio and how much should be contributed to a RRSP versus a TFSA.

Tower Bancorp, Inc. Announces Acquisition of First Chester County Corporation

Creates $2.7 billion franchise with 50 offices in Southeastern and Central Pennsylvania

Tower Bancorp, Inc. (“Tower”) (NASDAQ: TOBC ) and First Chester County Corporation (“First Chester”) (NASDAQ: FCEC ) today jointly announced the signing of a definitive merger agreement pursuant to which Tower will acquire First Chester in an all-stock transaction valued at approximately $65 million or $10.22 per share.

The transaction, approved by the boards of directors of both companies, further broadens the geographic markets of Tower Bancorp into demographically attractive and contiguous markets predominantly located in the Pennsylvania counties of Chester and Delaware. This transaction will provide Tower with the addition of $1.3 billion in assets including, $958 million in gross loans held for investment, $986 million in deposits as well as 23 branches situated across four counties in southeastern Pennsylvania.

East West Bank Acquires the Banking Operations of San Francisco, California Based United Commercial Bank

East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, announced today that it has acquired the banking operations of San Francisco, California based United Commercial Bank (UCB) in a Federal Deposit Insurance Corporation (FDIC) assisted transaction. Under the terms of the transaction, East West will receive $10.4 billion in assets, including $7.7 billion in loans, and assume $9.2 billion in liabilities, including $6.5 billion in deposits of UCB. The FDIC and East West have entered into a loss sharing agreement covering substantially all acquired loans.

This strategically compelling and financially attractive transaction creates the second largest independent bank headquartered in California and the largest bank in the nation focused on serving the Asian American community.

Toronto Stock Exchange to Implement 25% Dilution Threshold for Public Company Acquisitions

<< - Public company acquisitions with 25% or more dilution of issued and outstanding securities will require security holder approval - Rule amendment comes into effect November 24, 2009 >>

Toronto Stock Exchange ("TSX"), a member of TMX Group (TSX: X), today announced that it has received approval from the Ontario Securities Commission ("OSC") for changes to its rules governing public company acquisitions. Effective November 24, 2009 (60 days from today), TSX listed issuers will be required to obtain security holder approval for public company acquisitions that will result in the issuance of 25% or more of their issued and outstanding securities (on a non-diluted basis).