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In 1954, negotiations began between the Bank of Toronto and the Dominion Bank, and by the end of the year, an amalgamation agreement was reached. In their brief to the Minister of Finance, the banks stated: “It is more burdensome for a small bank to keep pace with the development of our country than for a large bank, with the result that the effective growth and comparative influence of ...
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Toronto-Dominion Bank people (2 C, 9 P) Pages in category "Toronto-Dominion Bank" The following 33 pages are in this category, out of 33 total.
The Bank of Toronto's 1893 headquarters The Dominion Bank's 1879 headquarters. The predecessors of the Toronto-Dominion Bank, the Bank of Toronto, and the Dominion Bank were established in the mid-19th century, the former in 1855 and the latter in 1869. [10] In 1954, an agreement was reached to merge the two financial institutions.
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The Bank of Toronto was a Canadian bank that was founded in 1855 by a group of grain dealers and flour millers. [1] On February 1, 1955, it merged with the Dominion Bank to form the Toronto-Dominion Bank. Its first president was James Grant Chewett, whose support was sought by financier Thomas Clarkson.