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Bank Asia relocated its Nova Scotia branch from Bijoy Sarani to Kazi Nazrul Islam avenue. [5] It signed an agreement with Dutch-Bangla Bank Limited to have access to their automated teller machine network. [6] In 2008, Bank Asia announced a 25 per cent stock dividends. [7] The bank also introduced Islamic banking. [8]
During the 1960s, the Bank of Nova Scotia became the first Canadian bank to appoint women as bank managers, with the first appointed on September 11, 1961. [10] In the next year, the bank expanded into Asia with the opening of a Representative Office in Japan. [11] In 1975, the Bank of Nova Scotia adopted Scotiabank as its
Thomson was elected a director of the Bank of Nova Scotia on 12 April 2016. On 26 September 2022, the bank announced that Thomson would succeed Brian J. Porter as president. Thomson left Finning on 15 November, and began as president of the bank on 1 December. On 1 February 2023, Thomson assumed the additional role of chief executive officer. [5]
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 ...
Founded as the Union Bank, the name changed to the Union Bank of Montreal about 1841. Closed. [171] Union Bank of Newfoundland 1854 1894 Failed. [172] Union Bank of Prince Edward Island 1860 1883 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.
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 ...
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.
Peter Cowperthwaite Godsoe OC OOnt OJ (2 May 1938 – 13 December 2023) was a Canadian businessman and president, chairman and chief executive officer of the Bank of Nova Scotia from 1992 to 2003. He was a member of the board of directors of multiple corporations, and served as the chairman of Fairmont Hotels and Resorts and Sobeys .