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)
“The English language is like a broad river on whose bank a few patient anglers are sitting, while, higher up, the stream is being polluted by a string of refuse-barges tipping out their muck.”
—Cyril Connolly (1903–1974)
“Much of what passes for quality on British television is no more than a reflection of the narrow elite which controls it and has always thought that its tastes were synonymous with quality.”
—Rupert Murdoch (b. 1931)
“The Anglo-Saxon hive have extirpated Paganism from the greater part of the North American continent; but with it they have likewise extirpated the greater portion of the Red race. Civilization is gradually sweeping from the earth the lingering vestiges of Paganism, and at the same time the shrinking forms of its unhappy worshippers.”
—Herman Melville (1819–1891)
“America makes prodigious mistakes, America has colossal faults, but one thing cannot be denied: America is always on the move. She may be going to Hell, of course, but at least she isn’t standing still.”
—E.E. (Edward Estlin)