Scotiabank - Mergers and Acquisitions

Mergers and Acquisitions

The bank has amalgamated with several other Canadian financial institutions through the years, and purchased several other banks overseas:

Bank Year established Year of amalgamation
Union Bank of PEI
1860
1883
Summerside Bank
1866
1901
Bank of New Brunswick
1820
1913
Metropolitan Bank of Canada
1902
1914
The Bank of Ottawa
1874
1919
Montreal Trust
1889
1994
National Trust
1898
1997
Inverlat (Mexico)
1991
1992 Scotiabank buys 5% stake
National Bank of Greece (Canada)
1982
2005
Banco Wiesse Sudameris (Peru)
1920
2006
Banco Sudamericano (Peru)
1991
1997 Scotiabank acquires 25% of Peru’s Banco Sudamericano
E*TRADE Canada
1982
2008
DundeeWealth
1998
2010

Many former branches of Montreal Trust and National Trust were rebranded "Scotiabank & Trust", and continue to operate as such.

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