Weyburn Security Bank Explained

Weyburn Security Bank
Fate:	Merged
Successor:	Merged into modern-day Canadian Imperial Bank of Commerce (CIBC)
Foundation:	1910
Founder:	local businessmen
Defunct:	1931
Location City:	Weyburn, Saskatchewan
Location Country:	Canada

The Weyburn Security Bank was a chartered bank headquartered in Weyburn, Saskatchewan, Canada.^{[1] [2]} The bank was established by a group of American investors as a private bank in 1910, by 1911 the bank had advanced to the point where it obtained a Canadian bank charter.^[3] Over its 30 years of operation the bank expanded to having assets of $6 million and serving 33 communities. Due to the onset of the great depression, in May 1931 the bank was purchased by the Imperial Bank of Canada. The Weyburn Security Bank Building is a designated provincial heritage building.

See also

• Canadian chartered bank notes

External links

• CIBC - Mergers and Amalgamations, The Canadian Bank of Commerce

Notes and References

1. Web site: Weyburn Security Bank. CITY OF WEYBURN . 2012-04-14.
2. Web site: Pygmy among the giants : the Weyburn Security Bank; Master of Art Thesis by Martin, William McLintock. May 1993. University of Saskatchewan. 2012-04-14.
3. Web site: Weyburn Security Bank. Canada's Historic Places - a Federal Provincial and Territorial Collaboration . 2012-04-14.