The First Bank
The first was established by Royal Charter in 1862, with its head office in London. Between 1862 and 1871 it issued dollar banknotes. By 1885 it had branches in San Francisco, Portland, Oregon (est. 1866), Victoria, British Columbia (est. 1862) and New Westminster (est. 1862). In 1889 it established a branch in Seattle. In 1901 it merged with the Canadian Bank of Commerce. At the time of the merger it had branches at Vancouver (est. 1886), Victoria, Kamloops, Nanaimo, Nelson, New Westminster, Rossland, Sandon, San Francisco, Portland, and London.
Read more about this topic: Bank Of British Columbia
Famous quotes containing the word bank:
“The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year’s seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed.”
—Rose Wilder Lane (1886–1968)