Bank of London and Montreal

Last updated
Bank of London and Montreal
Company typeJoint venture
IndustryBanking and financial services
Founded1958;67 years ago (1958)
Defunct1971;54 years ago (1971)
Successor Lloyds and Bolsa International Bank
Headquarters
Nassau
,
The Bahamas
Parent Bank of London and South America and Bank of Montreal

The Bank of London and Montreal Limited was a joint venture between Bank of London and South America (BOLSA), a subsidiary of Lloyds Bank, and Bank of Montreal. It was established in 1958 and headquartered in Nassau, Bahamas.

Contents

History

In 1988 Bank of Montreal wanted to close the Bahamian operations so the Government of the Bahamas stepped in to keep them going. The Government of The Bahamas created a 51-49 joint venture with Euro Canadian Bank, which took over the new bank and renamed it Bank of The Bahamas. This is now Bank of Bahamas International.

Coat of Arms

The bank was granted a coat of arms by the College of Arms on March 1960 [1] .

Coat of arms of Bank of London and Montreal Limited
Granted
22 March 1960.
Crest
On a wreath of the colours, A morion Or.
Escutcheon
Quarterly gules and argent, a cross quarterly counterchanged between in the first quarter a maple leaf slipped in autumnal tints proper, in the second quarter a sword erect also gules, in the third quarter an ancient ship sails set also proper pennon and flags flying argent each charged with a cross of St. George, and in the fourth quarter a plate charged with a saltire likewise gules.

References

  1. Briggs, Geoffrey (1971). Civic & corporate heraldry: a dictionary of impersonal arms of England, Wales, & N. Ireland. London: (10 Beauchamp Place, S.W.3), Heraldry Today. p. 46. ISBN   978-0-900455-21-6.