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| Formerly | Imperial Bank |
|---|---|
| Industry | Banking |
| Founded | 1873 in Toronto, Ontario, Canada |
| Founder | Henry Stark Howland |
| Defunct | June 1, 1961 |
| Fate | Merged with the Canadian Bank of Commerce |
| Successor | Canadian Imperial Bank of Commerce |
The Imperial Bank of Canada was a Canadian bank that operated from 1873 to 1961. In 1961, Imperial merged with the Canadian Bank of Commerce to become the Canadian Imperial Bank of Commerce.
It was 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. [1]
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.
The Imperial Bank of Canada branches expanded beyond Toronto and were found in St. Catharines, Ingersoll, Welland, Prince Albert, Saskatchewan and Port Colborne. [2]
In 1875, it amalgamated with the Niagara District Bank, [3] which had been chartered on May 19, 1855, in Montreal. [4]
Although George Albertus Cox became the bank's president in 1890, Howland stayed 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.
The bank 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.
Mount Pleasant Cemetery is a cemetery located in Toronto, Ontario, Canada, and is part of the Mount Pleasant Group of Cemeteries. It was opened in November 1876 and is located north of Moore Park, a neighbourhood of Toronto. The cemetery has kilometres of drives and walking paths interspersed with fountains, statues and botanical gardens, as well as rare and distinct trees. It was originally laid out by German-born landscape architect Henry Adolph Engelhardt, inspired by the European and American garden cemeteries of the 19th century, and with influences from Mount Auburn Cemetery in Boston.
The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. The Canadian Imperial Bank of Commerce was formed through the 1961 merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, in the largest merger between chartered banks in Canadian history. It is one of two "Big Five" banks founded in Toronto, the other being the Toronto-Dominion Bank.
The Molsons 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.
The Canadian Bank of Commerce was a Canadian bank that operated from 1867 to 1961. It merged in 1961 with the Imperial Bank of Canada to form the Canadian Imperial Bank of Commerce, which today is one of Canada's Big Five banks.
George Albertus Cox was a very prominent Canadian businessman and a member of the Senate of Canada.
John Andrew Pearson was an early 20th-century British-born Canadian architect and partner to the Toronto-based firm of Darling and Pearson.
The Senckenberg German Entomological Institute is a German entomological research institute devoted to the study of insects. Founded in 1886, the institute has an extraordinary insect collection and a world-class entomological library. Since 2009, the SDEI has been part of the Senckenberg Nature Research Society.
The Ontario Rugby Football Union (ORFU) was an early amateur Canadian football league comprising teams in the Canadian province of Ontario. The ORFU was founded on Saturday, January 6, 1883 and in 1903 became the first major competition to adopt the Burnside rules, from which the modern Canadian football code would evolve.
Vaughan City Council is the lower-tier municipal governing body for the city of Vaughan, Ontario. It is a part of the upper-tier Regional Municipality of York. Members of the council are elected in three categories: wards councillors, citywide councillors, and a mayor. The wards have remained consistent since the 2010 election.
Wilkie is a town in the Canadian province of Saskatchewan, located at Section 5, Township 40, Range 19, west of the 3rd Meridian. The town is at the junctions of Highways 14, 29, and 784.
General of the Infantry is a former rank of the German army. It is currently an appointment or position given to an OF-8 rank officer, who is responsible for particular affairs of training and equipment of the Bundeswehr infantry.
Albert is a masculine given name. It is derived from the Germanic Adalbert and Adelbert, containing the words adal ("noble") and beraht. It is also less commonly in use as a surname. Feminine forms of the names "Alberta" are declining in use.
The National Club is a private members' club founded in 1874 for business professionals located in the Financial District of Downtown Toronto, Ontario, Canada. It provides private dining and meeting facilities, as well as accommodations to its members and guests.
The Toronto General Trusts Corporation was a Canadian trust company that existed from 1872 to 1961. The country's first trust company, the TGT received its charter in 1872, but did not begin operations until 1882. Founded as the Toronto General Trusts Company, in 1899 it took over the Trust Corporation of Ontario, at which time it changed its name to the Toronto General Trusts Corporation. By the 1950s, Toronto General was Canada's fourth largest trust company after Royal Trust, Montreal Trust, and National Trust.
Neil John McKinnon was a Canadian banker who served as president and chairman of the Canadian Bank of Commerce, and president and chairman of the Canadian Imperial Bank of Commerce. McKinnon joined the Bank of Commerce in 1925 in Cobalt, Ontario at age 14. In 1945 he was posted to the bank's head office in Toronto as assistant general manager. In 1952 he was appointed general manager, and in 1954 was appointed a vice-president and elected a director. In 1956 he was appointed president, and in 1959 was elected chairman of the board. When the Bank of Commerce merged with the Imperial Bank of Canada on 1 June 1961, McKinnon became president of the new bank, and in 1963 he ceded the presidency to become chairman of the board. McKinnon retired as chairman in December 1973. He died on 4 August 1975 at age 64.
Russell Edward Harrison was a Canadian banker who served from 1973 to 1976 as president and from 1976 to 1985 as chairman of the board of the Canadian Imperial Bank of Commerce. After serving with the 1st Canadian Parachute Battalion in World War II, Harrison joined the Canadian Bank of Commerce in November 1945 in Winnipeg. Beginning in 1953, Harrison held several managerial position with the Bank of Commerce in Ontario and Quebec, and after its merger with the Imperial Bank of Canada in June 1961, with the new Canadian Imperial Bank of Commerce. In 1969, Harrison was appointed an executive vice-president at the bank's head office in Toronto, and in 1970 was elected a director. In December 1973 he succeeded Jeffery Page Rein Wadsworth as the bank's president, and in December 1976 succeeded Wadsworth as chairman of the board. Harrison retired as chairman in January 1985. He died on 5 January 2014 at age 92.
Major Lindsay Stuart Mackersy was a Scottish-Canadian banker who served from 1953 to 1956 as president and from 1956 to 1961 chairman of the Imperial Bank of Canada, and then from 1961 to 1963 as the first chairman of the Canadian Imperial Bank of Commerce. Mackersy began his career with the Imperial Bank in 1911. After serving as an artillery officer in the war, he rejoined the bank and, over the ensuing decades, received a series of managerial positions. He was assigned to the head office in Toronto in 1943, became president in 1953, and chairman in 1956. In October 1960, Mackersy initiated the discussions that resulted in the formation of the CIBC. After the merger in 1961, he became the new bank's first chairman, remaining in office until 1963. He retired as a director in 1966, and died in 1973 at age 82.
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