Standard Bank of Canada

Standard Bank of Canada

First President: John Charles Fitch

Existed: 1873-1928

Carved sign for The Standard Bank of Canada, in Brechin, Ontario.

The Standard Bank of Canada was a Canadian bank established in 1873 as the St. Lawrence Bank by a group of Toronto businessmen led by John Charles Fitch. In 1876 it was renamed the Standard Bank of Canada following a reorganization, and under its new management it grew. By 1907 it had nearly 50 branches and added another 27 when Standard Bank acquired the Western Bank of Canada (1882-1909), a regional bank headquartered in Oshawa, Ontario.

Standard Bank of Canada branch in Brechin, Ontario. Empty as of 2014, the building was later used as a Canadian Imperial Bank of Commerce branch, until they moved to the other side of the street.

The bank began to expand into the western provinces, and later combined with the Sterling Bank in 1924. The combined entity had 243 branches, of which 176 were in Ontario.

Branch in Markham, Ontario, shown in 1912.

Increased competition and other strategic considerations led to the Standard Bank of Canada to merge with the Canadian Bank of Commerce in 1928.

The Standard Bank of Canada issued its own banknotes, as many of Canada's banks did in that era. Some examples of these notes can be seen at the Bank of Canada's Currency Museum.^[1]

See also: List of Canadian banks

References

↑ Bank of Canada - Currency Museum

CIBC - Mergers and Amalgamations, The Canadian Bank of Commerce

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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