City Bank Banque de la Cité | |
Type: | Consumer bank |
Industry: | Banking |
Predecessors: | --> |
Successor: | Consolidated Bank of Canada |
Founded: | in Montreal, Quebec, Canada |
Founders: | --> |
Hq Location City: | Montreal |
Hq Location Country: | Canada |
Owners: | --> |
The City Bank of Montreal (known in French as "La Banque de la Cité") was an early bank founded in Montreal in 1833,[1] when it was part of Lower Canada. It was founded as a counterpart to the Bank of Montreal, whose politically conservative directors made it difficult for leading liberals to do business in the province.[2] During its existence, it issued a number of tokens for use in trade, and is known for producing many varieties of the Bouquet sou, and for co-issuing the Habitant token along with the other leading banks of Montreal in the late 1830s. It also issued paper money.[3]
It also had branches in Toronto, and in Quebec City.[4]
City Bank merged with Royal Canadian Bank to form Consolidated Bank of Canada in 1876.