Standard Bank of Canada

Canadian bank

Standard Bank of Canada

Formerly| St. Lawrence Bank
Company type| Bank
Founded| 1872
Defunct| 1928
Fate| Merged into Canadian Bank of Commerce
Headquarters|

Toronto, Ontario,

Canada

Key people

| First President: John Charles Fitch

The Standard Bank of Canada was a Canadian bank established in 1872 as the St. Lawrence Bank[1] by a group of Toronto businessmen led by John Charles Fitch.

The 1909 Standard Bank Building at King and Jordan in Toronto, designed by Darling and Pearson.

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. 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. 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.[2]

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

* Branch of the Standard Bank of Canada in Markham, Ontario, shown in 1912.

## See also

[edit]

* Banks portal

* List of banks and credit unions in Canada

## References

[edit]

1. ^ "Value of Old Banknotes from The St. Lawrence Bank of Toronto, Canada". canadacurrency.com.
2. ^ Bank of Canada – Currency Museum

* CIBC \- Mergers and Amalgamations, The Canadian Bank of Commerce

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Banks and credit unions in Canada

Banks

| Big Five|

* Bank of Montreal
* Canadian Imperial Bank of Commerce
* Simplii Financial
* Royal Bank of Canada (HSBC Bank Canada)
* Scotiabank
* Tangerine
* Toronto-Dominion Bank (TD Canada Trust)

|

Other banks|

* Alterna Bank
* AMEX Bank of Canada
* Bank of China (Canada)
* Canadian Tire Bank
* Canadian Western Bank
* Motive Financial
* Citibank Canada
* Equitable Bank
* Exchange Bank of Canada
* First Nations Bank of Canada
* ICICI Bank Canada
* Laurentian Bank of Canada
* Manulife Bank of Canada
* Motusbank
* National Bank of Canada
* Peoples Bank of Canada
* President's Choice Bank
* Vancity Community Investment Bank
* VersaBank
* Wealth One Bank of Canada

Credit unions

| Federal credit unions|

* Coast Capital Savings
* Innovation
* UNI Financial Cooperation

|

Provincial credit unions|

| British Columbia|

* BlueShore Financial
* First West
* Envision Financial
* Island Savings
* Valley First
* Gulf & Fraser
* Prospera
* Vancity

|

Prairies|

* Access
* Affinity
* Assiniboine
* Cambrian
* Conexus
* ConnectFirst
* Servus
* Steinbach

Eastern Canada|

* Alterna Savings
* Pace
* Desjardins Group
* Desjardins Ontario
* DUCA
* Libro
* Meridian

Other financial institutions

| Federal financial institutions|

* Business Development Bank of Canada
* Canada Mortgage and Housing Corporation
* Farm Credit Canada

|

Provincial financial institutions|

* ATB Financial

Deposit insurance & regulation|

* Canada Deposit Insurance Corporation
* Financial Services Regulatory Authority of Ontario
* Office of the Superintendent of Financial Institutions

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