The Bank of British North America was founded in 1835 in London, England with offices in Toronto, Montreal, Quebec City, Saint John, New Brunswick, Halifax and St. John's, Newfoundland. It also operated agencies in New York City and San Francisco. Like the other Canadian chartered banks, it issued its own paper money. The bank issued notes 1852-1911. 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.
It merged with the Bank of Montreal in 1918. "British North America" was the common name by which the British colonies and territories that now comprise Canada were known prior to 1867. Many Canadian banks disappeared as a result of mergers in the 20th century and by 2007, only five or six major banks and several smaller ones still operate in Canada.
Read more about Bank Of British North America: Branches, Gallery
Famous quotes containing the words bank of, bank, british, north and/or america:
“... an adamantine island chained to the shifting bank of the Channel.”
—Christina Stead (1902–1983)
“When she could hide him no longer she got a papyrus basket for him, and plastered it with bitumen and pitch; she put the child in it and placed it among the reeds on the bank of the river.”
—Bible: Hebrew, Exodus 2:3.
“It’s like the Beatles coming together again—let’s hope they don’t go on a world tour.”
—Matt Frei, British journalist. Quoted in Listener (London, June 21, 1990)
“The North is full of tangled things and texts and aching eyes
And dead is all the innocence of anger and surprise,
And Christian killeth Christian in a narrow dusty room,
And Christian dreadeth Christ that hath a newer face of doom,
And Christian hateth Mary that God kissed in Galilee,”
—Gilbert Keith Chesterton (1874–1936)
“What passes for identity in America is a series of myths about one’s heroic ancestors. It’s astounding to me, for example, that so many people really seem to believe that the country was founded by a band of heroes who wanted to be free. That happens not to be true. What happened was that some people left Europe because they couldn’t stay there any longer and had to go someplace else to make it. They were hungry, they were poor, they were convicts.”
—James Baldwin (1924–1987)