Canadian Bank of Commerce
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The Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858. [1] The Canadian Bank of Commerce branch built at Darling and Pearson, Winnipeg, Manitoba in 1910 in beaux-arts classicism indicates the financial dominance of Winnipeg, among prairie cities.[2]
It merged with the Imperial Bank of Canada in 1961 to form the Canadian Imperial Bank of Commerce.[3]
During World War I, staff from the Canadian Bank of Commerce enlisted in the war effort. Staff enlistment was the following:
- World War I - 1,701
- World War II - 2,300
A War Memorial at Commerce Court in Toronto, Ontario commemorates their service.
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[edit] Architecture
The Bank of Commerce in Nanaimo, British Columbia, built in 1914 is on the Registry of Historical Places of Canada.[4] The Canadian Bank of Commerce in New Westminster, British Columbia built in 1910 to 1911 is on the Registry of Historical Places of Canada.[5] The Bank of Commerce in Vancouver, British Columbia, built in 1914 to 1915 is on the Registry of Historical Places of Canada.[6] The Canadian Bank of Commerce in Watson, Saskatchewan built in 1906 to 1907 is on the Registry of Historical Places of Canada.[7] The Bank of Commerce in Nokomis, Saskatchewan, built in 1910 is on the Registry of Historical Places of Canada.[8] The Bank of Commerce in Winnipeg, Manitoba, completed in 1912, is on the Registry of Historical Places of Canada.[9] The Bank of Commerce in Kelsey (Carrot Valley), Manitoba, built in The Pas in 1912, is on the Registry of Historical Places of Canada.[10] The Canadian Bank of Commerce in Innisfree, Alberta built in 1905 is on the Registry of Historical Places of Canada.[11] The Canadian Bank of Commerce in Dawson, Yukon built in 1901 is on the Registry of Historical Places of Canada.[12]
[edit] Mergers
The Canadian Bank of Commerce grew through acquisitions of other banks in Canada:[13]
- Halifax Banking Company Established in 1825 and merged with the Commerce in 1903.
- Gore Bank Formed in 1836 and merged with the Commerce in 1870.
- Eastern Townships Bank Formed in 1859 and merged with the Commerce in 1912.
- Bank of British Columbia Established with a Royal Charter in 1862 and merged with the Commerce in 1901.[14]
- Merchants Bank of Prince Edward Island Formed Oct 6, 1871 [15]and merged with the Commerce in 1906.
- Bank of Hamilton Bank of Hamilton merged with the Commerce in 1924.
- The Standard Bank of Canada (changed to St Lawrence Bank 1872-1876) Formed in 1876 and merged with the Commerce in 1928.
[edit] See also
[edit] References
- ^ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0001297 Canadian Imperial Bank of Commerce
- ^ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0000496 Bank Architecture
- ^ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0001297 Canadian Imperial Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=1350 Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=3506 Canadian Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=2752 Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=7564 Canadian Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=7507 Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=5949 Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=9313 Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=5215 Canadian Bank of Commerce
- ^ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=15524 Canadian Bank of Commerce
- ^ "History > Mergers & Amalgamations > The Canadian Bank of Commerce" at CIBC
- ^ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0000497 Bank of British Columbia
- ^ Pound, Richard W. (2005). 'Fitzhenry and Whiteside Book of Canadian Facts and Dates'. Fitzhenry and Whiteside.
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- Charles Peers Davidson `A Compilation Of The Statutes Passed Since Confederation Relating To Banks And Banking, Government And Other Savings Banks, Promissory Notes And Bills` BiblioLife | January 10, 2010
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