Canadian Bank of Commerce

A former Bank of Commerce in Toronto

Bank of Commerce in Regina, 1910

This Bank of Commerce building in Toronto was the head office from 1930 to 1961

The Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858. ^[1] The Canadian Bank of Commerce branch built at Darling and Pearson, Winnipeg, Manitoba in 1910 in beaux-arts classicism indicates the financial dominance of Winnipeg, among prairie cities.^[2]

It merged with the Imperial Bank of Canada in 1961 to form the Canadian Imperial Bank of Commerce.^[3]

During World War I, staff from the Canadian Bank of Commerce enlisted in the war effort. Staff enlistment was the following:

• World War I - 1,701
• World War II - 2,300

A memorial on the East and West Memorial Buildings in Ottawa, Ontario is dedicated to the memory of 1701 Men of the Canadian Bank of Commerce who served in the First World War^[4] A War Memorial at Commerce Court in Toronto, Ontario commemorates their service.

Architecture

The following are on the Registry of Historical Places of Canada.

• the Bank of Commerce in Nanaimo, British Columbia, built in 1914.^[5]
• the Canadian Bank of Commerce in New Westminster, British Columbia built in 1910 to 1911.^[6]
• the Bank of Commerce in Vancouver, British Columbia, built in 1914 to 1915^[7]
• the Canadian Bank of Commerce in Watson, Saskatchewan built in 1906 to 1907.^[8]
• the Bank of Commerce in Nokomis, Saskatchewan, built in 1910.^[9]
• the Bank of Commerce in Winnipeg, Manitoba, completed in 1912.^[10]
• the Bank of Commerce in Kelsey (Carrot Valley), Manitoba, built in The Pas in 1912.^[11]
• the Canadian Bank of Commerce in Innisfree, Alberta, built in 1905.^[12]
• the Canadian Bank of Commerce in Dawson, Yukon, built in 1901.^[13]

Mergers

The Canadian Bank of Commerce grew through acquisitions of other banks in Canada:^[14]

• Halifax Banking Company Established in 1825 and merged with the Commerce in 1903.

• Gore Bank Formed in 1836 and merged with the Commerce in 1870.

• Eastern Townships Bank Formed in 1859 and merged with the Commerce in 1912.

• Bank of British Columbia Established with a Royal Charter in 1862 and merged with the Commerce in 1901.^[15]

• Merchants Bank of Prince Edward Island Formed Oct 6, 1871 ^[16]and merged with the Commerce in 1906.

• Bank of Hamilton Bank of Hamilton merged with the Commerce in 1924.

• The Standard Bank of Canada (changed to St Lawrence Bank 1872-1876) Formed in 1876 and merged with the Commerce in 1928.

See also

List of Canadian banks

References

1. ↑ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0001297 Canadian Imperial Bank of Commerce
2. ↑ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0000496 Bank Architecture
3. ↑ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0001297 Canadian Imperial Bank of Commerce
4. ↑ "East and West Memorial Buildings plaque". National Defence Canada. 2008-04-16. Retrieved 22 May 2014. 
5. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=1350 Bank of Commerce
6. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=3506 Canadian Bank of Commerce
7. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=2752 Bank of Commerce
8. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=7564 Canadian Bank of Commerce
9. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=7507 Bank of Commerce
10. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=5949 Bank of Commerce
11. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=9313 Bank of Commerce
12. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=5215 Canadian Bank of Commerce
13. ↑ http://www.historicplaces.ca/visit-visite/affichage-display.aspx?id=15524 Canadian Bank of Commerce
14. ↑ "History > Mergers & Amalgamations > The Canadian Bank of Commerce" at CIBC
15. ↑ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0000497 Bank of British Columbia
16. ↑ Pound, Richard W. (2005). 'Fitzhenry and Whiteside Book of Canadian Facts and Dates'. Fitzhenry and Whiteside. 

• Charles Peers Davidson `A Compilation Of The Statutes Passed Since Confederation Relating To Banks And Banking, Government And Other Savings Banks, Promissory Notes And Bills` BiblioLife | January 10, 2010

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