National Bank of Canada

This article is about a commercial bank. For Canada's central bank, see Bank of Canada.

National Bank of Canada
Banque Nationale du Canada

Type	Public company
Traded as	TSX: NA
Industry	Bank
Founded	Montreal, Quebec, Canada 1859
Headquarters	Montreal, Quebec, Canada
Key people	Louis Vachon (CEO)
Products	Financial services
Revenue	$4.5 billion CAD (2011)
Net income	$1.2 billion CAD (2011)
Total assets	$156.2 billion CAD (2011)
Employees	19,431 (2011)
Website	www.nbc.ca

National Bank of Canada (French: Banque Nationale du Canada) (TSX: NA) is the 6th largest bank in Canada with branches in almost every province and 2.4 million personal clients. National Bank is the leading bank in Quebec.

The bank's headquarters are in Montreal, Quebec. National Bank has a network of 448 branches and 893 banking machines in Canada. Clients in the United States, Europe and other parts of the world are served through a network of representative offices, subsidiaries and partnerships.

In 2011, Bloomberg Markets ranked National Bank as the strongest bank in North America. National Bank also placed third in Bloomberg's list of the The World’s Strongest Banks.[2]

History

• 1859: Eugène Chinic, Isodore Thibodeau, Ulric-Joseph Tessier, Olivier Robitaille, Cirice Têtu, David Dussault, Prudent Vallée and other citizens of Quebec decide to create the Banque Nationale, an institution by and for the francophone community. The legislature permits the bank to incorporate.
• 1860: Banque Nationale commences operations.
• 1924: Banque Nationale is caught up in a serious recession. It merges with Banque d'Hochelaga (est. in Montréal in 1874) to form Banque Canadienne Nationale (BCN).
• 1976: BCN establishes an agency in New York.
• 1979: BCN merges with the Provincial Bank of Canada/Banque provinciale du Canada to form the Banque Nationale du Canada (BNC; National Bank of Canada).
• 1983: The New York agency becomes a branch, and the bank opens a representative office in Seoul.
• 1985: BNC acquires Mercantile Bank of Canada from Citibank. Mercantile has an office in New York (licensed 1984), which BNC merges in.
• 1987: BNC swaps US$4 million of restructured bad loans for one-tenth of Banco Osorno y La Union, a Chilean bank.
• 1988: BNC acquired the stock brokerage firm, Lévesque, Beaubien Inc., now known as National Bank Financial
• 1993: BNC acquires the assets of General Trust of Canada (established 1927).
• 1994: BNC establishes a US subsidiary, Natbank, with a branch in Pompano Beach in Florida. BNC also establishes a representative office in Mexico City.
• 1995: Natbank opens its second branch and a head office in Hollywood, Florida. BNC opens an office in Havana in response to the passage of a new law in Cuba authorizing foreign bank representative offices.
• 1996: BNC acquires Family Trust Corporation and The Municipal Savings & Loans Corporation, both in Ontario. Also, BNC sells its stake in Banco Osorno y la Union to Banco Santander, which acquires the bank.
• 2001: BNC acquires 17 branches in Quebec from Bank of Montreal.
• 2008: Altamira and National Bank announce they will be merging Altamira operations into NBC branches.
• 2009: National Bank celebrates its 150th birthday
• 2009: National Bank launches Private Wealth 1859, a complete and integrated new line of personalized, high-quality products and services, dedicated exclusively to the specific needs of affluent clients
• 2011: In June BNC helped to form Maple Group Acquisition Corp. After another offer was rejected by TMX shareholders, on June 29, 2011 Maple Group became the sole bidder for TMX Group, operator of the Toronto Stock Exchange and Montreal Exchange. Luc Bertrand, vice presedent of National Bank also serves as spokesman for Maple Group. He is also TMX's largest individual shareholder.
• 2011: National Bank completes acquisition of independent full-service wealth management firm Wellington West Holdings Inc.
• 2012: National Bank completes acquisition of Full Service Investment Advisory Business of HSBC Securities (Canada) Inc.

Office of the President

• Louis Vachon, President and Chief Executive Officer
• John B. Cieslak, Executive Vice-President – Information Technology, Sourcing and Organizational Performance
• Patricia Curadeau-Grou, Executive Vice-President – Risk Management
• Diane Giard, Executive Vice-President – Marketing
• Lynn Jeanniot, Executive Vice-President – Human Resources and Corporate Affairs
• Réjean Lévesque, Executive Vice-President – Personal and Commercial Banking
• Luc Paiement, Executive Vice-President – Wealth Management and Co-President and Co-Chief Executive Officer, National Bank Financial
• Ghislain Parent, Chief Financial Officer and Executive Vice-President – Finance and Treasury
• Ricardo Pascoe, Executive Vice-President – Financial Markets and Co-President and Co-Chief *France Roy Maffeï, Executive Vice-President – Operations and Strategic Initiatives Office

Board of Directors

• Jean Douville, Chairman of the Board
• Louis Vachon, President and Chief Executive Officer
• Lawrence S. Bloomberg, Director
• André Caillé, Director
• Gérard Coulombe, Director
• Bernard Cyr, Director
• Gillian H. Denham, Director
• Nicole Diamond-Gélinas, Director
• Jean Gaulin, Director
• Paul Gobeil, Director
• Jean Houde, Director
• Louise Laflamme, Director
• Roseann Runte, Director
• Marc P. Tellier, Director
• Pierre Thabet, Director

Key subsidiaries

• Natbank
• Natcan Investment Management
• National Bank Direct Brokerage inc.
• National Bank Financial
• National Bank General Insurance: National Bank Home and Auto Insurance
• National Bank Insurance Firm
• National Bank Life Insurance Company
• National Bank Securities
• National Bank Trust

External links

• National Bank of Canada/Banque Nationale du Canada
• Natbank
• Natcan Investment Management
• National Bank Direct Brokerage inc.
• National Bank Financial
• National Bank General Insurance