Bank of London and Montreal

The Bank of London and Montreal was a joint venture between Bank of London and South America (Bolsa), an affiliate of Lloyds Bank, and Bank of Montreal. It was established in 1958 and headquartered in Nassau, Bahamas.

History

In 1988 Bank of Montreal wanted to close the Bahamian operations so the Government of the Bahamas stepped in to keep them going. The Government of The Bahamas created a 51-49 joint venture with Euro Canadian Bank, which took over the new bank and renamed it Bank of The Bahamas. This is now Bank of Bahamas International.