The Bank of Vancouver was a short-lived Canadian

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 chartered bank that was established in Vancouver

Vancouver

Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...

, British Columbia

British Columbia

British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...

 on July 30, 1910 and went out of business on December 14, 1914.

The bank was incorporated on April 3, 1908, with a "capital stock of $2,000,000". It opened on July 30, 1910 in the Flack Building on the corner of Hastings

Hastings Street (Vancouver)

Hastings Street is one of the most important east-west traffic corridors in the cities of Vancouver and Burnaby, British Columbia, Canada, and used to be a part of the decommissioned Highway 7A...

 and Cambie Street

Cambie Street

Cambie Street is a street in Vancouver, British Columbia, Canada. It is named for Henry John Cambie, chief surveyor of the Canadian Pacific Railway's western division ....

s "in the midst of a real estate and industrial boom", with Robert Purves McLennan as president. Its founders included Lieutenant Governor James Paterson and William Harold Malkin

William Harold Malkin

William Harold Malkin was the 21st mayor of Vancouver, British Columbia from 1929 to 1930, after serving as Chairman of the Vancouver Board of Trade in 1902...

. A branch was opened in the provincial capital of Victoria

Victoria, British Columbia

Victoria is the capital city of British Columbia, Canada and is located on the southern tip of Vancouver Island off Canada's Pacific coast. The city has a population of about 78,000 within the metropolitan area of Greater Victoria, which has a population of 360,063, the 15th most populous Canadian...

.

However, the economic boom ended in 1912. Also, British and German capital began leaving British Columbia because of fears of impending war. The bank limped along for two more years, but the failure of the Dominion Trust Company in October 1914 shook public confidence in financial institutions, and depositors began withdrawing their money. The bank was forced to suspend payments on December 14.

Canadian chartered banks were allowed to issue bank notes

Canadian chartered bank notes

The Canadian chartered bank notes were paper money issued between 1817 and 1944 by private Canadian banks known as chartered banks.Notes were issued in a variety of different denominations, including 1, 2, 3, 4, 5, 10, 20, 25, 40, 50, 100, 500 and 1000 dollars. After 1871, the smallest denomination...

until 1943. On June 24, 2010, the first $5 bank note issued by the Bank of Vancouver (serial number 000001) was sold at auction for $177,000.