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The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, [4] making it Canada's oldest bank. [5] In 2023, the company’s seat in Forbes Global 2000 was 84. [ 6 ] Its head office is in Montreal and its operational headquarters and executive offices are located in Toronto , Ontario , since 1977.
The Bank of Montreal's Head Office (French: Édifice de la Banque de Montréal) is located on 119, rue Saint Jacques (119, Saint Jacques Street) in Montreal, Quebec, Canada, across the Place d'Armes from the Notre-Dame Basilica in the Old Montreal neighbourhood. The Bank of Montreal is the oldest bank in
Ontario Bank was an early bank operating in Ontario, Canada. It began operations in 1857 and was last listed as a member of the Canadian Bankers Association in 1901. The bank was founded in Bowmanville , Ontario by John Simpson , a local resident and a former bank manager for the town's Bank of Montreal branch.
1958 Bank of London and South America, an associate of Lloyds Bank, and Bank of Montreal established Bank of London and Montreal as a 50-50 JV with headquarters in Nassau in the Bahamas. BOLSA contributed its branches in the West Indies and northern South America, and Bank of Montreal contributed capital. 1959 BOLAM established a branch in Jamaica.
The end dates are the final dates appearing on notes, which may have circulated for some time after. The Bank of Canada was established through the Bank of Canada Act of 1934 and the banks relinquished their right to issue their own currency. The Bank of British North America merged with the Bank of Montreal in 1918.
The City Bank of Montreal (known in French as "La Banque de la Cité") was an early bank founded in Montreal in 1833, [1] when it was part of Lower Canada. It was founded as a counterpart to the Bank of Montreal , whose politically conservative directors made it difficult for leading liberals to do business in the province. [ 2 ]
The Bank of Ottawa was established in 1874 by Ottawa Valley lumber pioneers, including James Maclaren, who presided over the Bank from 1874 until his death in 1892. [4] Its head office was on Wellington Street in Ottawa. [5] John Mather served as a bank director from 1879. Like the other Canadian chartered banks, it issued its own paper money.
The Civil Service Savings and Loan Society launched in 1908 with the assistance of Alphonse Desjardins.It was the first credit union in Canada outside Quebec. Federal civil servants were prompted by an article in their magazine The Civilian, when it reported on loan sharks charging civil servants up to 200% for payday loans. [5]