| Bank of Alberta | |
| Fate: | Merged with Western & Pacific Bank |
| Successor: | Canadian Western Bank |
| Foundation: | 1984 |
| Defunct: | 1988 |
| Location City: | Edmonton, Alberta |
| Location Country: | Canada |
The Bank of Alberta was a bank based in Edmonton, Alberta, Canada from 1984 to 1988. It was formed during a challenging economic environment that pushed many competitors to rein in their activities in key western markets. As a result, the bank ultimately had a significant impact on the evolution of modern banking in Western Canada.[1]
When the bank commenced operations in 1984 it was led by Canadian Business Hall of Fame member Dr. Charles Allard[2] and Eugene Pechet,[2] [3] starting with three employees working out of a boardroom located in one of Pechet's hotels in Edmonton, Alberta.[3] The Government of Alberta supported the newly formed Bank of Alberta by investing in 5% of its shares.[4]
In 1988, the Bank of Alberta merged with Western & Pacific Bank to form Canadian Western Bank (CWB).[5]