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Lloyds Bank Canada was a wholly owned Canadian subsidiary of Lloyds Bank Plc of the United Kingdom from 1986 to 1990. Its headquarters were in Toronto , and it had 53 branches throughout Canada. It functioned as a member of the Lloyds Bank Group, whose overseas domestic banking interests also included the National Bank of New Zealand .
Lloyds Bank Canada: 1986 1990 Became Hongkong Bank of Canada, now known as HSBC Bank Canada in 1990. Macdonald and Company 1859 1864 Failed. [131] The Maritime Bank of the Dominion of Canada 1872 1887 Failed. [132] Mercantile Bank of Canada 1953 1985 Merged into the National Bank of Canada. Mechanics Bank of Montreal 1865 1879 Failed. [133]
Continental Bank of Canada was chartered in 1977 when IAC decided to expand the scope of operations, [1] [2] and began business in June 1979. It had its head office at 130 Adelaide St. West, Toronto. In 1981, it was Canada's ninth-largest bank with 70 branches across the country, and assets at June 30 of $1.6 billion. [3]
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Lloyds Bank California acquired First State Bank of Northern California in 1976, and, in 1986, its 88 branches and US$3 billion in assets, were divested to Japanese-owned Golden State Sanwa Bank for $263 million in cash. [12] Lloyds Bank Canada was formed in 1986, when the bank purchased the Continental Bank of Canada.
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