Bank of Canada (commercial)

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Bank of Canada
TypeCharter
IndustryBanking
FoundedAugust 16, 1858 (1858-08-16)
Defunct1866 (1866)
FateRenamed to Canadian Bank of Commerce
SuccessorCanadian Bank of Commerce, now CIBC
Headquarters,
Canada

The Bank of Canada was granted a charter on August 16, 1858.[1] The charter was granted to William Cayley, Joseph Curran Morrison, Angus Morrison Esq., John Ross, William Henry Boulton Esq. and Frederick William Cumberland Esq. The charter was never used and eventually sold to William McMaster in 1866 and renamed the Canadian Bank of Commerce, later became CIBC.

It is not to be mistaken for the Bank of Canada, the current central bank which was established by the Bank of Canada Act in 1934.

References[]

  1. ^ "Bank of Canada Charter 1858". Scribd.com. Retrieved 2011-10-22.


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