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In 2022, Scotiabank relocated its global head office to the recently completed Scotiabank North tower at 40 Temperance Street in Toronto, part of the Bay Adelaide Centre complex. [11] The bank continues to retain a significant corporate presence at Scotia Plaza, having renewed a 560,000-square-foot lease in 2021. [12]
Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900. [5] Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primarily in Latin America and the Caribbean, and also in Europe and parts of Asia.
The first tower development on the site was a joint project by Markborough Properties and TrizecHahn: a 57-storey office tower to be constructed at the corner of Bay and Adelaide Streets. It was to have cost almost a billion dollars, and was the last of a series of construction projects in downtown Toronto launched in the boom years of the ...
its head office remains in Montreal, the operational headquarters and executive offices have been located in Toronto, Ontario since 1977 Bank of Nova Scotia: 1832 Toronto: Public company, part of Big Five. Operating as "Scotiabank". Bridgewater Bank 1997 [22] Calgary: Wholly-owned subsidiary of the Alberta Motor Association (AMA)
Operational head office Assets (C$ bn) Deposits (C$ bn) Capitalization (C$ bn) Branches (Canada only) Employees (Full-time equivalent) Reference National Bank of Canada: Complexe Maisonneuve, Montreal: $355.80 $240.94 $34.62 384 26,920 [27] Laurentian Bank of Canada: 1360 René-Lévesque, Montreal: $45.08 $23.00 ? 58 2,871 [28] Canadian Western ...
When it opened, the building served as the bank's general office and was home to its executives, while the head office remained in Halifax. In 1985, the bank began construction on the new Scotia Plaza, which connected to the old building. Upon the completion of Scotia Plaza in 1988, it replaced the old building as the bank's executive office.
The name HollisWealth is derived from the location of Scotiabank's historic head office building which was constructed more than 175 years ago, in 1837, at 188 Hollis Street in Halifax, Nova Scotia.
Scotia Plaza, headquarters of Scotiabank, is the second-tallest building in Canada and is the newest of the office towers at that intersection, having been completed in 1988. Several other office towers are found just beyond Bay Street and King Street. To the south is the Royal Bank Plaza, the Royal Bank of Canada's main building in Toronto.