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The 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.
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The Halifax Permanent Building Society paralleled the Equitable by forming its own bank in 1910—the Halifax and District Permanent Banking Company—but that was sold in 1917. Following the merger, branches were quickly opened in a number of leading cities: Aberdeen, Birmingham and Cardiff in 1929; and Belfast, Derby and Newcastle in 1930. On ...
In September 2018, Scotiabank stopped using OBSI, making it the third big bank, after Toronto-Dominion Bank and the Royal Bank of Canada, to not use OBSI. [ 1 ] In October 2023, “amid a surge in consumer complaints about their banks, the federal Finance department is mandating that the non-profit Ombudsman for Banking Services and Investments ...