Weyburn Security Bank

Last updated
Weyburn Security Bank
FateMerged
SuccessorMerged into modern-day Canadian Imperial Bank of Commerce (CIBC)
Founded1910
Founderlocal businessmen
Defunct1931
Headquarters,

The Weyburn Security Bank was a chartered bank headquartered in Weyburn, Saskatchewan, Canada. [1] [2] The bank was established by a group of American investors as a private bank in 1910, by 1911 the bank had advanced to the point where it obtained a Canadian bank charter. [3] Over its 30 years of operation the bank expanded to having assets of $6 million and serving 33 communities. Due to the onset of the great depression, in May 1931 the bank was purchased by the Imperial Bank of Canada. The Weyburn Security Bank Building is a designated provincial heritage building.

Weyburn City in Saskatchewan, Canada

Weyburn is the tenth-largest city in Saskatchewan, Canada. The city has a population of 10,870. It is on the Souris River 110 kilometres (68 mi) southeast of the provincial capital of Regina and is 70 km (43 mi) north from the North Dakota border in the United States. The name is reputedly a corruption of the Scottish "wee burn," referring to a small creek. The city is surrounded by the Rural Municipality of Weyburn No. 67.

Saskatchewan Province of Canada

Saskatchewan is a prairie and boreal province in western Canada, the only province without a natural border. It has an area of 651,900 square kilometres (251,700 sq mi), nearly 10 percent of which is fresh water, composed mostly of rivers, reservoirs, and the province's 100,000 lakes.

Canada Country in North America

Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres, making it the world's second-largest country by total area. Canada's southern border with the United States, stretching some 8,891 kilometres (5,525 mi), is the world's longest bi-national land border. Its capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. As a whole, Canada is sparsely populated, the majority of its land area being dominated by forest and tundra. Consequently, its population is highly urbanized, with over 80 percent of its inhabitants concentrated in large and medium-sized cities, with 70% of citizens residing within 100 kilometres (62 mi) of the southern border. Canada's climate varies widely across its vast area, ranging from arctic weather in the north, to hot summers in the southern regions, with four distinct seasons.

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References

  1. "Weyburn Security Bank". CITY OF WEYBURN. Retrieved 2012-04-14.
  2. "Pygmy among the giants : the Weyburn Security Bank; Master of Art Thesis by Martin, William McLintock". University of Saskatchewan. May 1993. Retrieved 2012-04-14.
  3. "Weyburn Security Bank". Canada's Historic Places - a Federal Provincial and Territorial Collaboration. Retrieved 2012-04-14.