Imperial Bank of Canada
Encyclopedia
 |
| 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... |
| |
| |
| 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 Imperial Bank of Canada 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:...
based 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...
in the late 19th Century and early 20th Century.
Founded in 1873 as the Imperial Bank 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...
by Henry Stark Howland, former vice president of the Canadian Bank of Commerce
Canadian Bank of Commerce
The Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858....
. The bank became the Imperial Bank of Canada in 1874.
In 1875, the president of the Imperial Bank of Canada was H.S. Howland, founder of the original Imperial Bank. The bank had a capital of $1,000,000 and the head office was located on Wellington Street, Toronto, Ontario.
The Imperial Bank of Canada branches expanded beyond Toronto and were found in St. Catharines, Ontario
St. Catharines, Ontario
St. Catharines is the largest city in Canada's Niagara Region and the sixth largest urban area in Ontario, Canada, with 97.11 square kilometres of land...
Ingersoll, Ontario
Ingersoll, Ontario
Ingersoll is a town in Oxford County on the Thames River in southwestern Ontario, Canada. The nearest cities are Woodstock to the east and London to the west....
Welland, Ontario
Welland, Ontario
Welland is a city in the Regional Municipality of Niagara in Southern Ontario, Canada.The city has been traditionally known as the place where rails and water meet, referring to the railways from Buffalo to Toronto and Southwestern Ontario, and the waterways of Welland Canal and Welland River,...
and Port Colborne, Ontario
Port Colborne, Ontario
Port Colborne is a city on Lake Erie, at the southern end of the Welland Canal, in the Niagara Region of southern Ontario, Canada...
.
In 1875, it amalgamated with the Niagara District Bank,, which had been chartered on May 19, 1855 in Montreal.
Although George Albertus Cox
George Albertus Cox
George Albertus Cox was a very prominent Canadian businessman and a member of the Canadian Senate.He was born in Colborne, Upper Canada in 1840. He began work as a telegraph operator for the Montreal Telegraph Company and became their agent in Peterborough, Ontario. In 1861, he became an agent for...
became the bank's president in 1890, Howland remained at the bank until his death in 1902. Cox remained President until 1906. Daniel Robert Wilkie succeeded Cox as president of the Imperial Bank of Canada and died as President in 1914.
Imperial Bank of Canada acquired Weyburn Security Bank in 1931 and Barclays Bank (Canada)
Barclays Bank Canada
-1929-1956:Barclays Bank of Canada was a unit of Barclays Bank PLC. The Canadian unit was incorporated in 1929 in Montreal, QC with office later established in Toronto.Like the other Canadian chartered banks, it issued its own paper money...
in 1956.
It merged with the Canadian Bank of Commerce
Canadian Bank of Commerce
The Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858....
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....
.