Home Bank of Canada

This article is about the defunct bank founded in 1903. For the unrelated bank formerly known as CFF Bank, see Home Capital Group.
Home Bank of Canada
IndustryBank
PredecessorToronto Savings Bank/Home Savings and Loan (1854-1903)
FoundedJuly 10, 1903
DefunctAugust 18, 1923
Headquarters
Toronto, Ontario
,
Canada

The Home Bank of Canada was a Canadian bank that was incorporated July 10, 1903, in Toronto[1] but did not receive a Treasury Board certificate to operate as a chartered bank until the next year.[2]

It succeeded the earlier Toronto Savings Bank, which had been founded in 1854 by Bishop Armand-François-Marie de Charbonnel and the local chapter of the Society of St. Vincent de Paul[3] and later Home Savings and Loans in 1871. The failure of Home Bank on August 18, 1923, was the subject of a Canadian Royal Commission initiated by Prime Minister William Lyon Mackenzie King in 1924.[4]

Founded with the support of the Roman Catholic Church, James Mason and Henry Pellatt represented a benign board of directors including E.G. Gooderham, Claude Macdonnell and three other directors from Winnipeg, Manitoba, affiliated with the United Grain Growers.

  1. ^ "Gazette". www.newspapers.com. 11 Jul 1903. p. 6. To incorporate the Home Bank of Canada
  2. ^ "Gazette". www.newspapers.com. 14 Nov 1904. p. 7.
  3. ^ "Historicist: Toronto's Catholic Beer Baron". 14 September 2013. Retrieved September 14, 2013.
  4. ^ Harrison Andrew McKeown (1924). Report of the Royal Commission to Inquire into and Report upon the Affairs of the Home Bank of Canada. Ottawa, Ontario: King's Printer. LCCN 29001277.