Canadian Bank of Commerce
Encyclopedia
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| Toronto Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from... , Ontario Ontario Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa.... , Canada 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... |
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| Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT.... (CIBC) |
The Canadian Bank of Commerce was a 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...
bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
cofounded in 1867 by William McMaster
William McMaster
William McMaster was a wholesaler, Senator and banker in the 19th century. A director of the Bank of Montreal from 1864–1867, he was a driving force behind the creation of the Canadian Bank of Commerce of which he served as the founding president from 1867 to his death in 1887.He served in the...
. The Canadian Bank of Commerce opened in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
with a charter in 1866 that it purchased from the defunct Bank of Canada
Bank of Canada
The Bank of Canada is Canada's central bank and "lender of last resort". The Bank was created by an Act of Parliament on July 3, 1934 as a privately owned corporation. In 1938, the Bank became a Crown corporation belonging to the Government of Canada...
, which folded in 1858.
The Canadian Bank of Commerce branch built at Darling and Pearson, Winnipeg
Winnipeg
Winnipeg is the capital and largest city of Manitoba, Canada, and is the primary municipality of the Winnipeg Capital Region, with more than half of Manitoba's population. It is located near the longitudinal centre of North America, at the confluence of the Red and Assiniboine Rivers .The name...
, Manitoba
Manitoba
Manitoba is a Canadian prairie province with an area of . The province has over 110,000 lakes and has a largely continental climate because of its flat topography. Agriculture, mostly concentrated in the fertile southern and western parts of the province, is vital to the province's economy; other...
in 1910 in beaux-arts classicism indicates the financial dominance of Winnipeg, among prairie cities.
It merged with the Imperial Bank of Canada
Imperial Bank of Canada
The Imperial Bank of Canada was a Canadian bank based in Toronto in the late 19th Century and early 20th Century.Founded in 1873 as the Imperial Bank in Toronto by Henry Stark Howland, former vice president of the Canadian Bank of Commerce. The bank became the Imperial Bank of Canada in 1874.In...
in 1961 to form the Canadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce
The Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....
.
During World War I, staff from the Canadian Bank of Commerce enlisted in the war effort. Staff enlistment was the following:
- World War IWorld War IWorld War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...
- 1,701 - World War IIWorld War IIWorld War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
- 2,300
A War Memorial at Commerce Court in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
commemorates their service.
Architecture
The Bank of Commerce in Nanaimo, British ColumbiaBritish 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...
, built in 1914 is on the Registry of Historical Places of Canada. The Canadian Bank of Commerce in New Westminster, 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...
built in 1910 to 1911 is on the Registry of Historical Places of Canada. The Bank of Commerce 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...
, built in 1914 to 1915 is on the Registry of Historical Places of Canada. The Canadian Bank of Commerce in Watson, Saskatchewan built in 1906 to 1907 is on the Registry of Historical Places of Canada. The Bank of Commerce in Nokomis, Saskatchewan, built in 1910 is on the Registry of Historical Places of Canada. The Bank of Commerce in Winnipeg
Winnipeg
Winnipeg is the capital and largest city of Manitoba, Canada, and is the primary municipality of the Winnipeg Capital Region, with more than half of Manitoba's population. It is located near the longitudinal centre of North America, at the confluence of the Red and Assiniboine Rivers .The name...
, Manitoba
Manitoba
Manitoba is a Canadian prairie province with an area of . The province has over 110,000 lakes and has a largely continental climate because of its flat topography. Agriculture, mostly concentrated in the fertile southern and western parts of the province, is vital to the province's economy; other...
, completed in 1912, is on the Registry of Historical Places of Canada. The Bank of Commerce in Kelsey (Carrot Valley), Manitoba, built in The Pas in 1912, is on the Registry of Historical Places of Canada. The Canadian Bank of Commerce in Innisfree, Alberta built in 1905 is on the Registry of Historical Places of Canada. The Canadian Bank of Commerce in Dawson, Yukon built in 1901 is on the Registry of Historical Places of Canada.
Mergers
- Halifax Banking CompanyHalifax Banking CompanyThe Halifax Banking Company was the first bank in Nova Scotia. Established in 1825, it was unable to obtain a charter from the Nova Scotia Legislative Assembly and operated as a private company. It became incorporated as a chartered bank in 1872 and enjoyed a period of rapid growth and prosperity...
Established in 1825 and merged with the Commerce in 1903.
- Gore Bank Formed in 1836 and merged with the Commerce in 1870.
- Eastern Townships BankEastern Townships BankEastern Townships Bank was founded in 1859 by Colonel Benjamin Pomroy . It was the first financial institution in the south-east of Quebec, an area known as the Eastern Townships, and issued its own banknotes....
Formed in 1859 and merged with the Commerce in 1912.
- Bank of British ColumbiaBank of British ColumbiaThere have been two Canadian banks with the name Bank of British Columbia.-The first bank:The first was established by Royal Charter in 1862, with its head office in London. Between 1862 and 1871 it issued dollar banknotes. By 1885 it had branches in San Francisco, Portland, Oregon , Victoria,...
Established with a Royal Charter in 1862 and merged with the Commerce in 1901.
- Merchants Bank of Prince Edward Island Formed Oct 6, 1871 and merged with the Commerce in 1906.
- Bank of Hamilton Bank of HamiltonBank of HamiltonThe Bank of Hamilton was established in 1872 by local businessmen in the city of Hamilton, Ontario, Canada under the leadership of Donald McInnes, the bank's first President. Like the other Canadian chartered banks, it issued its own paper money. The bank issued notes 1872-1922...
merged with the Commerce in 1924.
- The Standard Bank of CanadaStandard Bank of CanadaThe Standard Bank of Canada was a Canadian bank established in 1873 as the St. Lawrence Bank by a group of Toronto businessmen led by J.C. Fitch. In 1876 it was renamed the Standard Bank of Canada following a reorganization, and under its new management it grew...
(changed to St Lawrence Bank 1872-1876) Formed in 1876 and merged with the Commerce in 1928.