Quebec Bank

Quebec Bank
Industry	Banking
Fate	Absorbed
Successor	Royal Bank of Canada
Founded	1822 (1822)
Defunct	1917 (1917)
Headquarters	Quebec, Canada
Key people	John William Woolsey (first president)

Quebec Bank was founded on June 9, 1818 ^[1] to meet a perceived need by some merchants and residents Quebec City. They wanted an alternative to the newly founded Bank of Montreal which they felt was inadequate for the needs of the province.

The bank was incorporated in 1822 in Quebec City and made good progress until the great revulsion of 1826-7. The first president was John William Woolsey. Robert Henry Bethune was part of the banks organization from 1864 -1870 during a time when Quebec Bank was changing the way Canadian banks lent money. The bank was predominantly in Quebec and to a lesser extent in Ontario with a few branches in western Canada when it was absorbed by the Royal Bank of Canada in 1917.^[2]

A small reminder of the banks existence is the Quebec Bank Building in Montreal with its name carved over the entrance.

External links

Quebec History - Quebec Bank

References

↑ Pound, Richard W. (2005). 'Fitzhenry and Whiteside Book of Canadian Facts and Dates'. Fitzhenry and Whiteside.
↑ "Archived copy". Archived from the original on June 7, 2011. Retrieved February 19, 2011. Royal Bank of Canada

W. Stewart WALLACE, ed., The Encyclopedia of Canada, Vol. V, Toronto, University Associates of Canada, 1948, 401p., p. 205

Banks and credit unions in Canada

Banks

Big Five	Bank of Montreal Canadian Imperial Bank of Commerce (President's Choice Financial) Royal Bank of Canada Scotiabank (Tangerine) Toronto-Dominion Bank (TD Canada Trust)

Other banks	AMEX Bank of Canada Bridgewater Bank Business Development Bank of Canada Canadian Tire Financial Services Canadian Western Bank Citibank Canada Citizens Bank of Canada Equitable Bank Exchange Bank of Canada First Nations Bank of Canada HSBC Bank Canada ICICI Bank Canada Laurentian Bank of Canada Manulife Bank of Canada Meridian Bank National Bank of Canada Rogers Bank VersaBank Wealth One Bank of Canada

Credit unions

Credit unions	Affinity Credit Union Aldergrove Credit Union Alterna Savings Assiniboine Credit Union BlueShore Financial Central 1 Credit Union Coast Capital Savings Concentra Financial Conexus Credit Union Credit Union Central of Canada Desjardins Group Envision Financial First Calgary Financial First West Credit Union Gulf and Fraser Fishermen's Credit Union Island Savings Kawartha Credit Union Kootenay Savings Credit Union Libro Financial Group Meridian Credit Union Mouvement des caisses populaires acadiennes Servus Credit Union Steinbach Credit Union TCU Financial Group Vancity Windsor Family Credit Union Your Credit Union Your Neighbourhood Credit Union

Credit union deposit insurance	Alberta * British Columbia * Manitoba * New Brunswick * Newfoundland and Labrador * Nova Scotia * Ontario * Prince Edward Island * Saskatchewan

Other financial institutions

Federal financial institutions	Farm Credit Canada

Provincial financial institutions	ATB Financial

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