 A Bank of British North America branch on the corner of Yonge and Wellington, c. 1856 | |
| Company type | Charter company |
|---|---|
| Industry | Banking |
| Founded | 1836 |
| Defunct | 1918 |
| Fate | Merged into the Bank of Montreal |
| Successor | Bank of Montreal |
Area served | |
| Bank of British North America Act 1836 | |
|---|---|
| Act of Parliament | |
 | |
| Long title | An 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. |
| Citation | 6 & 7 Will. 4. c. xcix |
| Dates | |
| Royal assent | 4 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| Text of statute as originally enacted | |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.
- ^ 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.
- ^ "Greenwood Miner". library.ubc.ca. 18 Aug 1899. p. 3.
- ^ Ashcroft, the gateway to Northern British Columbia. 1909.