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Founded as the Union Bank of Lower Canada, the name changed to the Union Bank of Canada in 1886. [168] Merged into the Royal Bank of Canada. [169] Union Bank of Halifax: 1856 1910 Merged into the Royal Bank of Canada. [170] Union Bank of Montreal 1830s 1840s Founded as the Union Bank, the name changed to the Union Bank of Montreal about 1841 ...
The second bank was chartered in 1966 with headquarters in Vancouver [7] and was the creation of W.A.C. Bennett, the Premier of British Columbia.Bennett, a businessman, wanted to end Central Canada's control over the banking industry, which obliged all but the smaller loans for companies in British Columbia to receive authorization from head offices in either Montreal or Toronto.
Bank name Country Total assets (2023) (billions of US$) Headquarter city 1 JPMorgan Chase United States: $3,898.33 New York City: 2 Bank of America United States: $3,051.38 Charlotte: 3 Citigroup United States: $2,416.68 New York City 4 Wells Fargo United States: $1,881.02 San Francisco: 5 Royal Bank of Canada Canada: $1,544.17 Montreal: 6 TD ...
The Bank of Montreal has been paying dividends to share holders every year since 1829 (195 years ago), [13] Scotiabank since 1833 (191 years ago), [13] Toronto-Dominion Bank since 1857 (167 years ago), [14] Canadian Imperial Bank of Commerce since 1868 (156 years ago) [15] and Royal Bank of Canada since 1870 (154 years ago) [16] respectively.
An Act to enable the Proprietors or Shareholders of a Company called "The Bank of British North America" to sue and be sued in the Name of any One of the Directors or of the Secretary for the Time being of the said Company. Citation: 6 & 7 Will. 4. c. xcix: Dates; Royal assent: 4 July 1836: Text of statute as originally enacted
The bank serves clients both in Western Canada and in other provinces. It was announced on June 11, 2024 that it would be acquired by National Bank of Canada in 2025. [2] The CWB Financial Group is made up of 10 banking, lending, wealth and trust companies. [3] Its loan book is almost equally represented across BC, Alberta and Ontario. [4]
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The Laurentian Bank of Canada (LBC; French: Banque Laurentienne du Canada) is a Schedule 1 bank that operates primarily in the province of Quebec, with commercial and business banking offices located in Ontario, Alberta, British Columbia, and Nova Scotia. [3] LBC's Institution Number (or routing number) is 039.