Bank of Alberta

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Bank of Alberta
Founded1984
Founder
Defunct1988
FateMerged with Western & Pacific Bank
SuccessorCanadian Western Bank
Headquarters
Edmonton, Alberta
,
Canada

The Bank of Alberta was a bank based in Edmonton, Alberta, Canada from 1984 to 1988.[1] It was formed during a challenging economic environment[vague] that pushed many competitors to rein in their activities in key western markets.[1] As a result, the bank ultimately had a significant impact on the evolution of modern banking in Western Canada.[2]

History[]

When the bank commenced operations in 1984 it was led by Canadian Business Hall of Fame member Dr. Charles Allard[1][3] and Eugene Pechet,[1][3][4] starting with three employees working out of a boardroom located in one of Pechet's hotels in Edmonton, Alberta.[4] The Government of Alberta supported the newly formed Bank of Alberta by investing in 5% of its shares.[5]

In 1988, the Bank of Alberta merged with Western & Pacific Bank to form Canadian Western Bank (CWB).[1]

See also[]

  • List of banks in Canada

References[]

  1. ^ Jump up to: a b c d e "About Us: Our Story". Canadian Western Bank Group Corporate Website. Canadian Western Bank Group. Retrieved 10 November 2015.
  2. ^ Dale Orr. "The Economic Determinants of Entry into Canadian Banking: 1963-7". 7. Canadian Journal of Economics: 82–99. JSTOR 134216. Cite journal requires |journal= (help)
  3. ^ Jump up to: a b "Canadian Western Bank celebrates 20th birthday". Investment Executive. March 22, 2004. Retrieved 10 November 2015.
  4. ^ Jump up to: a b "Canadian Western Bank Group, Annual Report 2008, Page 20" (PDF). Canadian Western Bank Group Corporate Website. Canadian Western Bank Group. Retrieved 10 November 2015.
  5. ^ "Canadian Parliamentary Review, Legislative Reports, Vol 7 no 3, 1984".
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