Imperial Bank of Canada Building in Toronto, c. 1945
|Fate||Merged with the Canadian Bank of Commerce|
|Successor||Canadian Imperial Bank of Commerce|
|Founded||1873 in Toronto, Ontario, Canada|
|Founder||Henry Stark Howland|
The Imperial Bank of Canada was a Canadian bank based in Toronto, Ontario in the late 19th Century and early 20th Century.
A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.
Toronto is the provincial capital of Ontario and the most populous city in Canada, with a population of 2,731,571 in 2016. Current to 2016, the Toronto census metropolitan area (CMA), of which the majority is within the Greater Toronto Area (GTA), held a population of 5,928,040, making it Canada's most populous CMA. Toronto is the anchor of an urban agglomeration, known as the Golden Horseshoe in Southern Ontario, located on the northwestern shore of Lake Ontario. A global city, Toronto is a centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world.
Founded in 1873 as the Imperial Bank in Toronto by Henry Stark Howland, former vice president of the Canadian Bank of Commerce. The bank became the Imperial Bank of Canada in 1874.
Henry Stark Howland was a businessman and founder of the Imperial Bank of Canada in 1873.
The Canadian Bank of Commerce was a Canadian bank which was founded in 1867, and had hundreds of branches throughout Canada. It merged in 1961 with the Imperial Bank of Canada to form the Canadian Imperial Bank of Commerce.
In 1875, the president of the Imperial Bank of Canada was H.S. Howland, founder of the original Imperial Bank. The bank had a capital of $1,000,000 and the head office was located on Wellington Street in Toronto, Ontario.
Ontario is one of the 13 provinces and territories of Canada and is located in east-central Canada. It is Canada's most populous province accounting for 38.3 percent of the country's population, and is the second-largest province in total area. Ontario is fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is also Ontario's provincial capital.
The Imperial Bank of Canada branches expanded beyond Toronto and were found in St. Catharines, Ingersoll, Welland and Port Colborne.
St. Catharines is the largest city in Canada's Niagara Region and the sixth largest urban area in Ontario, with 96.13 square kilometres of land and 133,113 residents in 2016. It lies in Southern Ontario, 51 kilometres (32 mi) south of Toronto across Lake Ontario, and is 19 kilometres (12 mi) inland from the international boundary with the United States along the Niagara River. It is the northern entrance of the Welland Canal. Residents of St. Catharines are known as St. Cathariners. St. Catharines carries the official nickname "The Garden City" due to its 1,000 acres (4 km2) of parks, gardens, and trails.
Ingersoll is a town in Oxford County on the Thames River in southwestern Ontario, Canada. The nearest cities are Woodstock to the east and London to the west.
Welland is a city in the Regional Municipality of Niagara in Southern Ontario, Canada. In 2016, it had a population of 52,293.
In 1875, it amalgamated with the Niagara District Bank,which had been chartered on May 19, 1855 in Montreal.
Montreal is the most populous municipality in the Canadian province of Quebec and the second-most populous municipality in Canada. Originally called Ville-Marie, or "City of Mary", it is named after Mount Royal, the triple-peaked hill in the heart of the city. The city is centred on the Island of Montreal, which took its name from the same source as the city, and a few much smaller peripheral islands, the largest of which is Île Bizard. It has a distinct four-season continental climate with warm to hot summers and cold, snowy winters.
Although George Albertus Cox became the bank's president in 1890, Howland remained at the bank until his death in 1902. Cox remained President until 1906. Daniel Robert Wilkie succeeded Cox as president of the Imperial Bank of Canada and died as President in 1914.
George Albertus Cox was a very prominent Canadian businessman and a member of the Senate of Canada.
Imperial Bank of Canada acquired Weyburn Security Bank in 1931 and Barclays Bank (Canada) in 1956.
It merged with the Canadian Bank of Commerce in 1961 to form the Canadian Imperial Bank of Commerce.
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Victoria University is a college of the University of Toronto, founded in 1836 and named for Queen Victoria. It is commonly called Victoria College, informally Vic, after the original academic component that now forms its undergraduate division. Since 1928, Victoria College has retained secular studies in the liberal arts and sciences while Emmanuel College has functioned as its postgraduate theological college.
The Canadian Imperial Bank of Commerce, commonly referred to as CIBC, is one of the "Big Five" banks in Canada. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT. It is also one of the two major banks originally founded in Toronto alongside Toronto-Dominion Bank.
The Bank of Montreal, (French: Banque de Montréal) doing business as BMO Financial Group, is a Canadian multinational investment bank and financial services company headquartered in Toronto, Ontario, Canada. One of the Big Five banks in Canada, it is the fourth-largest bank in Canada by market capitalization and assets, as well as one of the ten largest banks in North America. It is commonly known by its acronym BMO, which is also its stock symbol on both the Toronto Stock Exchange and the New York Stock Exchange.
The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. Commonly known as TD and operating as TD Bank Group, the bank was created on February 1, 1955, through the merger of the Bank of Toronto and The Dominion Bank, which were founded in 1855 and 1869, respectively.
Sir William Pearce Howland, served as the second Lieutenant Governor of Ontario, from 1868 to 1873. He was one of the Fathers of Confederation.
The Molson Bank was a Canadian bank founded in Montreal, Quebec, by brothers William (1793–1875) and John Molson, Jr. (1787–1860), the sons of brewery magnate John Molson.
Inuit Tapiriit Kanatami is a nonprofit organization in Canada that represents over 60,000 Inuit. It was founded in 1971 by Tagak Curley as the Inuit Tapirisat of Canada in Edmonton, Alberta. It has been headquartered in Ottawa, Ontario since 1972. It grew out of the Indian and Eskimo Association that was formed in the 1960s.
The Bank of New Brunswick, established in 1820, was the first Canadian bank to operate under a charter. The bank operated independently in New Brunswick and later in Prince Edward Island until it merged with the Bank of Nova Scotia in 1913.
Harvey Ernest Pulford was a Canadian athlete at the turn of the twentieth century, winning national championships in ice hockey, lacrosse, football, boxing, paddling and rowing. A highly regarded defenceman with the Ottawa Hockey Club, where he was known for being a large and solid player who was excellent at checking opponents. With Ottawa he won the Stanley Cup four times, and also won championships or tournaments in every sport in which he played. When the Hockey Hall of Fame was founded in 1945, Pulford was one of the original nine inductees.
Eugène-Étienne Taché, ISO was a French Canadian surveyor, civil engineer, illustrator and architect. He devised Quebec's provincial coat-of-arms and motto Je me souviens.
John Andrew Pearson was an early 20th-century Canadian architect and partner to the Toronto-based firm of Darling and Pearson.
The Toronto Normal School was a teachers college in Toronto, Ontario, Canada. Opened in 1847, the Normal School was located at Church and Gould streets in central Toronto, and was a predecessor to the current Ontario Institute for Studies in Education. The Royal Ontario Museum, the Ontario College of Art & Design and the Ontario Agricultural College all originated at the Normal School's campus, officially named St. James Square, such that the school became known as "the cradle of Ontario's education system". The school's landmark Gothic-Romanesque building was designed by architects Thomas Ridout and Frederick William Cumberland in 1852. The landmark building was demolished in 1963, but architectural elements of the structure remain on the campus of Ryerson University.
Sir Byron Edmund Walker, CVO was a Canadian banker. He was the president of the Canadian Bank of Commerce from 1907 to 1924, and a generous patron of the arts, helping to found and nurture many of Canada's cultural and educational institutions, including the University of Toronto, National Gallery of Canada, the Champlain Society, Appleby College, Art Gallery of Ontario and Royal Ontario Museum.
The Financial District is a business district in Downtown Toronto, Ontario, Canada. It was originally planned as New Town in 1796 as an extension of the Town of York. It is the main financial district in Toronto and is considered the heart of Canada's finance industry. It is bounded roughly by Queen Street West to the north, Yonge Street to the east, Front Street to the south, and University Avenue to the west, though many office towers in the downtown core are being constructed outside this area, which will extend the general boundaries. Examples of this trend are the Telus Harbour and RBC Centre.
Fitzhenry & Whiteside is a Canadian book publishing and distribution company, located in Markham, Ontario. It publishes trade titles in children's and young adult fiction, textbooks, reference, history, biography, photography, sports and poetry.
Quebec Bank was founded on June 9, 1818 to meet a perceived need by some merchants and residents Quebec City. They wanted an alternative to the newly founded Bank of Montreal which they felt was inadequate for the needs of the province.
The National Club is a private club founded in 1874 for business professionals located in the Financial District of Downtown Toronto, Ontario, Canada. It provides private dining and meeting facilities and accommodations to its members and guests.
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