Banque d'Hochelaga

Last updated
Banque d'Hochelaga
Industry Bank
Founded1874
FateMerged into Banque Canadienne Nationale in 1924
Headquarters

Banque d'Hochelaga was a Canadian bank based in Montreal, Quebec. It was active from 1874 until 1924, when it merged with the Banque Nationale to form Banque Canadienne Nationale.

Contents

History

In 1874, several Montreal French-Canadian businessmen founded Banque d'Hochelaga, including François-Xavier Saint-Charles, Louis-Amable Jetté, Frédéric-Liguori Béique and Louis Tourville. [1] [2]

The bank opened branches in Montréal, Sherbrooke and St-Jérôme. [3]

Like the other Canadian chartered banks, it issued its own paper money. [4] In 1934, the Bank of Canada was established as Canada's central bank through the Bank of Canada Act, and the commercial banks lost the right to issue their own currency.

After modest beginnings, the bank expanded substantially around 1900. At the end of World War I, Banque Nationale (based in Quebec City), Provincial Bank of Canada (Banque Provinciale) and Banque d'Hochelaga all competed to serve the French-speaking Quebec market.

In 1924 an unarmoured bank vehicle carrying silver was robbed and a bank employee killed. [5]

After financial reverses during a recession hurt the Banque Nationale at the beginning of the 1920s, it agreed to merge with Banque d'Hochelaga to form Banque Canadienne Nationale, with assistance provided by the Quebec provincial government. The merger was completed in 1924. [6] The headquarters of the merged bank was in Montreal. The Provincial Bank chose not to participate in the merger.

Presidents of Banque d'Hochelaga

Banque d-Hochelaga, Montreal 1922 Banque d-Hochelaga, Montreal 1922.jpg
Banque d-Hochelaga, Montreal 1922

See also

Related Research Articles

Henri Bourassa Canadian politician

Joseph-Napoléon-Henri Bourassa was a French Canadian political leader and publisher. In 1899, Bourassa was outspoken against the British government's request for Canada to send a militia to fight for Britain in the Second Boer War. Prime Minister Sir Wilfrid Laurier's compromise was to send a volunteer force, but the seeds were sown for future conscription protests during the World Wars of the next half-century. Bourassa unsuccessfully challenged the proposal to build warships to help protect the empire. He led the opposition to conscription during World War I and argued that Canada's interests were not at stake. He opposed Catholic bishops who defended military support of Britain and its allies. Bourassa was an ideological father of French-Canadian nationalism. Bourassa was also a defining force in forging French Canada's attitude to the Canadian Confederation of 1867.

Louis-Alexandre Taschereau 14th Premier of Quebec (1920–1936)

Louis-Alexandre Taschereau was the 14th premier of Quebec from 1920 to 1936. He was a member of the Parti libéral du Québec.

Quebec nationalism North American political ideology

Quebec nationalism or Québécois nationalism is a feeling and a political doctrine that prioritizes cultural belonging to, the defence of the interests of, and the recognition of the political legitimacy of the Québécois nation. It has been a movement and a central issue in Quebec politics since the beginning of the 19th century. Québécois nationalism has seen several political, ideological and partisan variations and incarnations over the years.

Timeline of Quebec history (1867–1899)

This section of the Timeline of Quebec history concerns the events relating to the province of Quebec, Canada between the enactment of the British North America Act of 1867 and the end of the 19th century.

Timeline of Quebec history (1900–1930)

This section of the Timeline of Quebec history concerns the events relating to the province of Quebec, Canada between the beginning of the 20th century and the Westminster statute.

National Bank of Canada Commercial bank in Canada

The National Bank of Canada is the sixth largest commercial bank in Canada. It is headquartered in Montreal, and has branches in most Canadian provinces and 2.4 million personal clients. National Bank is the largest bank in Quebec, and the second largest financial institution in the province, after Desjardins credit union. National Bank's Institution Number is 006 and its SWIFT code is BNDCCAMMINT.

The Banque Canadienne Nationale was a bank based in the province of Quebec, Canada. It was formed in 1924 from the merger of the Banque d'Hochelaga and the Banque Nationale, and operated until 1979, when it became part of the National Bank of Canada.

François-Xavier Garneau

François-Xavier Garneau was a nineteenth-century French Canadian notary, poet, civil servant and liberal who wrote a three-volume history of the French Canadian nation entitled Histoire du Canada between 1845 and 1848.

The Provincial Bank of Canada was a Quebec-based bank in Canada that was the product of mergers between the Banque Jacques-Cartier (1861), the Banque d'économie de Québec (1848), the Banque populaire de Québec (1868), and the Unity Bank of Canada (1972).

Michel Bélanger, was a Canadian businessman and banker.

Joseph Royal Canadian politician

Joseph Royal was a Canadian journalist, lawyer, politician, businessman, and Lieutenant Governor of the Northwest Territories.

Maisonneuve was a former provincial electoral district in the Montreal region of Quebec, Canada.

Banknotes have been issued in Canada and the British colonies that confederated to form Canada from 1 July 1867.

Pierre Garneau Canadian politician

Pierre Garneau was a Canadian businessman and politician.

Laurent-Olivier David Canadian journalist, lawyer, and politician

Laurent-Olivier David was a Canadian journalist, lawyer, and politician.

Beaudry Leman

Beaudry Leman was a Canadian civil engineer, politician and banker. He was the third mayor of Shawinigan Falls, Quebec (1902-1908). He was general manager of the Banque d'Hochelaga (1914-1924) and general manager (1924-1933) and president (1934-1947) of the Banque Canadienne Nationale.

Joseph Masson

Joseph Masson was a Canadian businessman, who is considered the first French Canadian millionaire.

Alfred Laliberté Canadian artist

Alfred Laliberté was a French Canadian sculptor and painter based in Montreal. His output includes more than 900 sculptures in bronze, marble, wood, and plaster. Many of his sculptures depict national figures and events in Canada and France such as Louis Hébert, François-Xavier-Antoine Labelle, Adam Dollard des Ormeaux, and the Lower Canada Rebellion. Although he produced hundreds of paintings as well, he is chiefly remembered for his work as a sculptor.

Louis Tourville was a Canadian banker and politician.

Georges-Élie Amyot

Georges-Élie Amyot was a French Canadian businessman and politician, and founder of Dominion Corset. He was worth $8 million in 1930, at the time of his death.

References

  1. Dictionary of Canadian Biography . Springer Science & Business Media; 1966. ISBN   978-0-8020-3998-9. p. 918–.
  2. Montreal: The History of a North American City . MQUP; 6 April 2018. ISBN   978-0-7735-5269-2. p. 503–.
  3. Stelter, Gilbert A.; Alan F. J. Artibise (1982). Shaping the urban landscape: aspects of the Canadian city-building process. Ottawa: Carleton University Press Inc. p. 79. ISBN   0-88629-002-3 . Retrieved December 27, 2011.
  4. Heritage Signature Auction. Central States Numismatic Society Convention. April 27-28, 2006. Columbus, Ohio. Ivy Press. March 2006. p. 225. ISBN   9781599670416 . Retrieved December 27, 2011. Photograph of a proof of a Banque d'Hochelaga banknote.
  5. Alain Messier. Georges Farah Lajoie: Le détective venu d'Orient . 14 August 2014. ISBN   978-2-7659-0170-9. p. 145–.
  6. Pierre Harvey. Histoire des Hautes études commerciales de Montréal, Tome II - 1926-1970 . Québec Amerique; 2002. ISBN   978-2-7644-1524-5. p. 99–.