Banque Canadienne Nationale

Banque Canadienne Nationale

First President:

Existed: 1859-1979

Merged into modern-day National Bank of Canada

The Banque canadienne nationale was a Quebec-based bank in Canada.

In 1859, several prominent Quebecers founded the Banque Nationale in Quebec City as a banking institution controlled by French-speaking businessmen and dedicated to promoting their interests.

In 1924, the Banque Nationale, which was caught up in a serious recession, merged with the Banque d’Hochelaga (founded in Montreal in 1874) to create the Banque canadienne nationale (BCN, Canadian National Bank).^[1] Like the other Canadian chartered banks, it issued its own paper money. 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.

In 1968, Banque canadienne nationale was one of the four original banks to form CHARGEX Ltd. through a licence from BankAmericard, providing Canada with its first interbank credit card.

In 1979, the National Bank of Canada was formed as a result of the amalgamation of Banque canadienne nationale and the Provincial Bank of Canada (Banque provinciale du Canada), another Quebec-based bank.

References

↑ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0005612 National Bank of Canada, with offices in Montreal

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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Banque Canadienne Nationale

See also

References