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Bank of British North America

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Bank of British North America
Company typeCharter company
IndustryBanking
Founded1836 (1836)
Defunct1918 (1918)
FateMerged into the Bank of Montreal
SuccessorBank of Montreal
Area served
Bank of British North America Act 1836
Act of Parliament
Parliament of the United Kingdom
Long titleAn Act to enable the Proprietors or Shareholders of a Company called "The Bank of British North America" to sue and be sued in the Name of any One of the Directors or of the Secretary for the Time being of the said Company.
Citation6 & 7 Will. 4. c. xcix
Dates
Royal assent4 July 1836
Text of statute as originally enacted

The Bank of British North America was founded by royal charter issued in 1836 in London, England.[1] British North America was the common name by which the British colonies and territories that now comprise Canada were known prior to 1867.

By 1899, the bank had branches in London, Brantford, Hamilton, Toronto, Montreal, Ottawa, Kingston, Midland, Quebec City, Saint John, N.B., Brandon, Winnipeg, Fredericton, Halifax, Victoria, Vancouver, Rossland, Kaslo, Trail, Ashcroft, Greenwood, Atlin, Bennett, B.C., and Dawson City.[2] It was the first bank operating in British Columbia.[3]

Like the other Canadian chartered banks, it issued its own bank notes, 1852 to 1911. The end dates are the final dates appearing on notes, which may have circulated for some time after. The Bank of Canada was established through the Bank of Canada Act of 1934 and the banks relinquished their right to issue their own currency.

The Bank of British North America merged with the Bank of Montreal in 1918.

Historic buildings

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On the Registry of Historical Places of Canada are the former Bank of British North America in Dawson, Yukon (1899)[4] and Winnipeg, Manitoba (1903–04).[5]

49 Yonge Street, Toronto

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49 Yonge St; current building

The first Toronto branch, designed by John George Howard was built in 1845, with exterior work by John Cochrane and Brothers,[6] at the northeast corner of Yonge Street and Wellington. The current building, designed by architect Henry Langley, replaced the original in 1875.[7] A restaurant occupies the ground floor with offices above.

276 Duckworth Street, St. John's

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Main article: Bank of British North America Building

The former Bank of British North America in St. John's, Newfoundland, built in 1849 is on the Registry of Historical Places of Canada.[8] This bank building was constructed in 1849, after the St. John's fire of 1846, by Halifax architect David Stirling.[9]

1211 King Street West, Toronto

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Bank of British North America (King and Dufferin, Toronto)

The former branch constructed in 1906–07 at the southwest corner of King Street West and Dufferin Street in the Parkdale area of Toronto continued to operate as a branch of the Bank of Montreal until its closure in 2018.[10]

[edit]
  • Bank of British North America in (Dawson, Yukon)
    Bank of British North America in (Dawson, Yukon)
  • Drawings for Bank of British North America (Yonge and Wellington, Toronto)
    Drawings for Bank of British North America (Yonge and Wellington, Toronto)
  • Bank of British North America (Wellington St., north east corner at Yonge St.)
    Bank of British North America (Wellington St., north east corner at Yonge St.)
  • Bank of British North America, 1867 Toronto
    Bank of British North America, 1867 Toronto
  • Bank of British North America, St. John's
    Bank of British North America, St. John's

References

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  1. ^ Armstrong, Frederick H. (September 1985). Handbook of Upper Canadian Chronology: Revised Edition By Frederick H. Armstrong 1841. Dundurn. p. 254. ISBN 9781770700512. Retrieved 28 July 2014.
  2. ^ "Greenwood Miner". library.ubc.ca. 18 Aug 1899. p. 3.
  3. ^ Ashcroft, the gateway to Northern British Columbia. 1909.
  4. ^ "Bank of British North America, Dawson, Yukon". www.historicplaces.ca.
  5. ^ "Bank of British North America, Winnipeg, Manitoba". www.historicplaces.ca.
  6. ^ John Cochrane – Dictionary of Canadian Biography
  7. ^ "Toronto Heritage Properties Inventory, 49 Yonge St".
  8. ^ "Anna Templeton Centre (former Bank of British North America) Municipal Heritage Building". www.historicplaces.ca.
  9. ^ "Bank of British North America, St. John's, NL". www.heritage.nf.ca.
  10. ^ "Toronto Heritage Properties Inventory, 1211 King St W".

Further reading

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  • Denison, Merrill, 1893–1975. Canada's first bank : a history of the Bank of Montreal. Toronto: McClelland and Stewart, c1966. 2 v. : ill., maps, ports., (some folded, some col). ; 25 cm.

See also

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Wikimedia Commons has media related to Bank of British North America.
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