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Banque Scotia logo, used for francophone Scotiabank customers in Canada. The Bank of Nova Scotia (French: Banque de Nouvelle-Écosse), operating as Scotiabank (French: Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario.
Up to the late 1990s, CIBC was the second largest, [21] followed by Bank of Montreal, Scotiabank, and TD Bank. [22] During the late 1990s and beyond, this ranking changed due to several reorganizations. Royal Bank acquired Royal Trust in 1993, [23] while Scotiabank purchased National Trust in 1997. As Scotiabank found no merger partners among ...
Merged into the Bank of Nova Scotia. [173] United Empire Bank of Canada: 1906 1911 Founded as the Pacific Bank of Canada before renaming in 1906. Merged into the Union Bank of Canada. [174] Unity Bank of Canada: 1972 1977 Failed and merged into the Provincial Bank of Canada. [175] Western and Pacific Bank of Canada 1982 1988
For much of the 20th century, Canada's trust companies were controlled by the major banks through interlocking directorates. However, revisions to the Bank Act in 1967 forbade individuals from sitting on a bank and trust company board simultaneously; this had been a recommendation in the 1964 Report of the Royal Commission on Banking and ...
The Bank of New Brunswick, established in 1820, was the first Canadian bank to operate under a charter. The bank operated independently in New Brunswick and later in Prince Edward Island until it merged with the Bank of Nova Scotia (now Scotiabank) in 1913.
The bank was incorporated by the Nova Scotia Legislative Assembly on Mar 30, 1831 in Halifax, Nova Scotia with William Lawson (banker) (1772–1848) serving as the first president. [2] As a member of the Nova Scotia House of Assembly, he introduced a bill chartering a public bank. The bill ensured that any bank directors were responsible for ...
Richard Earl Waugh (born 23 December 1947) is a Canadian banking executive. Born in Winnipeg, Manitoba, he is the Deputy Chairman of Scotiabank, and an Officer of the Order of Canada. [1] He was the chief executive officer of Scotiabank, [2] between 2004 and 2013. [3]
Godsoe joined the Bank of Nova Scotia in 1966 as a bank teller, and worked there for his entire career, rising within the company to become president, chairman and CEO. Godsoe was the chancellor of the University of Western Ontario from 1996 to 2000. In 2001, he was appointed an Officer of the Order of Canada (OC). [1]