See main article: Banking in Canada. This is a list of banks in Canada, including chartered banks, credit unions, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks".
The top five Canadian banks are collectively referred to as the "Big Five" due to their dominant position and significant influence within the country's banking and financial industry. This term has been used for many years to characterize these major banks, and it highlights their substantial market share and impact on Canada's economy. The financial sector of Canada is especially concentrated in these banks, which has been seen as a result of protectionist policies of the government and the country's small and dispersed population. These banks grew at an extraordinary rate of 10.7 percent per year, on average, from 2008 to 2018 compared with 3.64 percent for the five largest U.S. banks.[1] While most Canadian banks operate only within Canada, the Big Five are best described as Canadian multinational financial conglomerates that each have a large Canadian banking division.[2]
| Bank name | Commonly known as | Institution No | Market capitalization (2023) (CAD) (Billions) | Revenue (2023) (CAD) (Billions) | Net income (2023) (CAD) (Billions) | Employees (FTE) | Source | |
|---|---|---|---|---|---|---|---|---|
| Royal Bank of Canada | RBC | 003 | $187.21 | $53.66 | $14.86 | 95,000+ | [3] [4] | |
| Toronto-Dominion Bank | TD | 004 | $154.21 | $49.20 | $10.78 | 103,257 | [5] | |
| Bank of Montreal | BMO | 001 | $93.86 | $29.02 | $4.37 | 55,767 | [6] | |
| Bank of Nova Scotia | Scotiabank | 002 | $76.32 | $29.25 | $7.41 | 89,483 | [7] | |
| Canadian Imperial Bank of Commerce | CIBC | 010 | $59.31 | $21.31 | $5.00 | 48,074 | [8] |
National Bank of Canada, which began as a regional bank in Quebec but expanded nationally, is the sixth largest Canadian bank.[9] In 2022, Canada’s Big Six held about 93% of all banking assets in the country. It is the same share they held a decade earlier, and a decade before that.[10] RBC’s $13.5-billion takeover of HSBC’s Canadian division, announced in November 2022, will see it receive around $134 billion in HSBC assets[11] and would increase the 93% share of assets the Big Six have to almost 95%.
| National Bank of Canada | NBC | 006 | $29.2 | $10.2 | $3.34 | $424 | 31,243 | [12] |
| Name | Also known as | Institution No | Market capitalization (2023) (CAD) (Billions) | Revenue (2023) (CAD) (Billions) | Net income (2023) (CAD) (Millions) | Total assets (2023) (CAD) (Billions) | Employees (FTE) | Source | |
|---|---|---|---|---|---|---|---|---|---|
| Equitable Bank | EQ Bank | 623 | $3.30 | $0.785 | $270 | $103 | 1,685 | [13] [14] | |
| Laurentian Bank | Laurentian Bank | 039 | $1.18 | $1.03 | $181 | $49.9 | 3,000 | [15] [16] |
A domestic systemically important bank (D-SIB) is a bank that could disrupt the domestic economy should it fail. Canada's Big Six are designated as D-SIBs. D-SIBs are so important to the functioning of the financial system and the economy that they cannot be wound up under a conventional bankruptcy and liquidation process should they fail. The failure of any one of Canada’s D-SIBs, with the potential loss of financial services, even for a short period of time, could have a serious impact on Canada’s economy.[17]
The Autorité des marchés financiers, which oversees Quebec’s financial sector, designated Desjardins Group as a D-SIB.[18]
A global systemically important bank is a bank whose systemic risk profile is deemed to be of such importance that the bank’s failure would trigger a wider financial crisis and threaten the global economy. The Basel Committee has developed a formula for determining which banks are G-SIBs, deploying criteria including size, interconnectedness and complexity. National regulators subject banks determined to be G-SIBs to stricter prudential regulation such as higher capital requirements and extra surcharges, or more stringent stress tests.[19]
In Canada, the Office of the Superintendent of Financial Institutions designated Royal Bank of Canada and Toronto-Dominion Bank as G-SIBs as well as D-SIBs.[20]
Banks in Canada are classified by their ownership as domestic banks, subsidiaries of foreign banks, or branches of foreign banks. For a greater explanation of the classifications, see Banking in Canada and Bank Act (Canada).
Under the Bank Act, Schedule I are banks that are not a subsidiary of a foreign bank, even if they have foreign shareholders. There are 35 domestic banks, including 3 federally regulated Credit Unions as of 8 March 2024.[21]
| Bank | Established | Headquarters | Ownership | Notes |
|---|---|---|---|---|
| B2B Bank | 2012 | Toronto | Owned by Laurentian Bank of Canada. | Prior to reorganization in 2012, was known as "B2B Trust". |
| Bank of Montreal | 1817 | Montreal | Public company, part of Big Five. | its head office remains in Montreal, the operational headquarters and executive offices have been located in Toronto, Ontario since 1977 |
| Bank of Nova Scotia | 1832 | Toronto | Public company, part of Big Five. | Operating as "Scotiabank". |
| Bridgewater Bank | 1997[22] | Calgary | Wholly-owned subsidiary of the Alberta Motor Association (AMA) | |
| Caisse populaire acadienne ltée | 1946 | Caraquet, New Brunswick | Federal Credit Union, member owned. | On 1 July 2016, UNI Financial Cooperation became the first federally chartered credit union. |
| Canadian Imperial Bank of Commerce | 1961 | Toronto | Public company, part of Big Five. | Formed by the merger of two banks founded in 1867 and 1873. Also includes Simplii Financial direct banking branch operation that was found in the late 1990s as a strategic partnership between PC Financial and CIBC until 2017 when it was rebranded as Simplii Financial. |
| Canadian Tire Bank | 2003 | Oakville, Ontario | Owned by company Canadian Tire. | |
| Canadian Western Bank | 1988 | Edmonton | Public company, regional bank. | Formed through the 1988 merger of two banks: the Bank of Alberta (founded 1984), and the Western & Pacific Bank of Canada (founded 1982). |
| Coast Capital Savings Federal Credit Union | 1940 | Surrey, British Columbia | Federal Credit Union, member owned. | From 17 October – 28 November 2016, a vote was held for members on whether or not Coast Capital Savings should become a federal credit union |
| Concentra Bank | 2017 | Saskatoon | Provides wholesale banking and trusts to Canada's credit union system Bought by EQ Bank | |
| CS Alterna Bank | 2000 | Ottawa | Owned by the credit union Alterna Savings. | |
| Digital Commerce Bank | 2007 | Calgary | Previously known as DirectCash Bank.[23] Arms-length relationship with DirectCash Payments Inc.[24] | |
| Equitable Bank | 2016 | Toronto | Public company, regional bank. | Originally founded as a trust company named The Equitable Trust Company in Hamilton, Ontario in 1970. In 2013, the Equitable Trust Company was granted a Schedule I chartered bank license and became Equitable Bank.[25] Equitable Bank launched a direct banking operation branded as EQ Bank on 14 January 2016, which was Canada's first digital bank born in the mobile age. |
| Exchange Bank of Canada | 2016 | Toronto | Subsidiary of Currency Exchange International Corp.[26] | Provides foreign currency services to financial institutions and businesses. |
| Fairstone Bank of Canada | 2009 | Toronto | Incorporated as DuoBank under Schedule 2 (foreign-owned, deposit-taking) of the Bank Act in 2009;[27] reclassified under Schedule 1 (domestic-owned, deposit-taking)[28] [29] [30] following completion of the sale by Walmart Canada to First National co-founder Stephen Smith and private equity firm Centerbridge Equity Partners, L.P. in April 2019.[31] DuoBank acquired Fairstone Financial Inc in 2021 and rebranded as Fairstone Bank of Canada in 2022.[32] | |
| First Nations Bank of Canada | 1996 | Saskatoon | First Canadian chartered bank to be independently controlled by Indigenous shareholders. | |
| General Bank of Canada | 2005 | Edmonton | Schedule 1 bank that primarily offers indirect auto financing for consumers through its retail portfolio as well as large commercial loans and aviation financing.[33] | |
| Haventree Bank | 2018 | Toronto | Founded in 1990; private bank specializing in alternative mortgage programs and insured GIC deposits.[34] | |
| Home Bank | 2015 | Toronto | Owned by the trust company Home Trust Company. | Owns Oaken Financial, which are both owned by Home Capital Group. Home Bank began as CFF Bank, which was formed through acquisition of MonCana Bank by Canadian First Financial.[35] CFF Bank became Home Bank in August 2016.[36] |
| HomeEquity Bank | 2009 | Toronto | Privately held by equity firm Birch Hill Equity Partners | Founded in 1986 as the Canadian Home Income Plan Corporation. HomeEquity Bank is the first Canadian bank to offer reverse mortgages to Canadian homeowners aged 55 and over. On 13 October 2009, HomeEquity Bank was recognized as a Schedule 1 Canadian Bank. |
| Innovation Federal Credit Union | 2007 | Swift Current | Member owned. | Received approval to begin operating as Innovation Federal Credit Union effective June 23, 2023. |
| Laurentian Bank of Canada | 1846 | Montreal | Public company, regional bank. | Operations are mainly in Quebec |
| Manulife Bank of Canada | 1993 | Toronto | Owned by the insurance company Manulife Financial Corporation. | |
| Motus Bank | 2019 | Toronto | Owned by the credit union Meridian Credit Union. | |
| National Bank of Canada | 1859 | Montreal | Public company, regional bank. | Operations are mainly in Quebec |
| Peoples Bank of Canada | 2020 | Vancouver | Owned by the trust company Peoples Group. | |
| President's Choice Bank | 1996 | Toronto | Owned by company Loblaw Companies. | All PC Financial mortgages, loans, investments, and bank accounts were transferred to CIBC's new direct banking brand Simplii Financial effective 1 November 2017.[7] PC Financial's credit card and insurance products were unaffected by the decision, and continued to be offered by subsidiaries of Loblaw Companies. |
| RFA Bank of Canada | 2017 | Toronto | Previously known as Street Capital Bank of Canada.[37] Granted schedule 1 status in December 2016. Commenced operations on 1 February 2017.[38] | |
| Rogers Bank | 2013 | Toronto | Owned by company Rogers Communications. | |
| Royal Bank of Canada | 1864 | Montreal | Public company, part of Big Five. | [39] |
| Tangerine Bank | 2013 | Toronto | Owned by Scotiabank. | Formerly ING Direct Canada, purchased by Scotiabank in November 2012,[40] and name was changed to Tangerine in spring 2014.[41] |
| Toronto-Dominion Bank (The) | 1955 | Toronto | Public company, part of Big Five. | Operating as "TD Canada Trust". Formed by the merger of two banks founded in 1855 and 1869. |
| Vancity Community Investment Bank | 1997 | Vancouver | Owned by the credit union Vancity. | Previously known as Citizens Bank of Canada. Now a non-deposit taking bank; it no longer offers savings and loans products.[42] |
| VersaBank | 1980 | London, Ontario | Public company, regional bank. | Originally founded as a trust company named Pacific & Western Trust Corporation in Saskatoon, Saskatchewan in 1980. It later moved its head offices to London, Ontario. On 1 August 2002, it was granted a Schedule I chartered bank licence and became Pacific & Western Trust Bank of Canada before finally changing its name to VersaBank in 2016. |
| Wealth One Bank of Canada | 2015 | Toronto | Focus on providing services to Chinese-Canadians. It provides banking services online and through retail offices in Toronto, Ontario, and in Vancouver, British Columbia. | |
Schedule II banks are banks allowed to accept deposits and which are subsidiaries of a foreign bank. As of March 2024, there were 15 of these banks in Canada.[21]
| Bank | Parent Country | Notes | |
|---|---|---|---|
| AMEX Bank of Canada |  United States | ||
| Bank of China (Canada) |  China | Previously a Schedule III representative office. | |
| Cidel Bank Canada |  Barbados | ||
| Citco Bank Canada |  Netherlands | ||
| Citibank Canada | United States | ||
| CTBC Bank Corp. (Canada) | |||
| Habib Canadian Bank |  Switzerland | ||
| HSBC Bank Canada | Acquired by RBC successfully with closing date of 28 March 2024. | ||
| ICICI Bank Canada |  India | ||
| Industrial and Commercial Bank of China (Canada) | China | ||
| J.P. Morgan Bank Canada | United States | ||
| KEB Hana Bank Canada | Formerly Korea Exchange Bank of Canada. | ||
| SBI Canada Bank | India | ||
| Shinhan Bank Canada | |||
| UBS Bank (Canada) | Switzerland |
The following banks are not authorized to accept deposits in Canada of less than $150,000. As of August 2016, there were 28 such banks in Canada.[21]
The following banks are prohibited from accepting deposits or borrowing money except from financial institutions. There were four such banks in Canada as of August 2016.[21]
See also: credit union. Canada has a strong co-operative financial services sector, which consists of credit unions (caisses populaires in Quebec and other French speaking regions). At the end of 2001, Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires, with more than 3,600 locations and 4,100 automated teller machines.[45] By the end of 2019, consolidation reduced this number to 251 credits unions and caisses populaires outside Quebec, according to the Canadian Credit Union Association (CCUA).[46] [47] [48] Canada has the world's highest per capita membership in the credit union movement, with over 10 million members, or about one-third of the Canadian population. While the sector is active in all parts of the country, it is strongest in the western provinces and in Quebec. In Quebec 70 per cent of the population belongs to a caisse populaire, while in Saskatchewan close to 60 per cent belongs to a credit union.
As of 31 December 2022, the 208 credit unions and caisses populaires outside Quebec reported combined assets of $308.9 billion:[49]
| Credit Union | Province | Assets | Members | Locations | |
|---|---|---|---|---|---|
| BC | 28,298,424,745 | 535,155 | 54 | ||
| ON | 26,155,667,000 | 382,355 | 92 | ||
| BC | 22,130,514,640 | 597,681 | 45 | ||
| AB | 18,338,460,000 | 384,893 | 105 | ||
| BC | 13,304,223,000 | 249,543 | 47 | ||
| Access Credit Union | MB | 10,759,971,657 | 177,605 | 54 | |
| ON | 10,756,224,987 | 134,541 | 46 | ||
| MB | 9,123,840,600 | 106,173 | 3 | ||
| Alterna Savings | ON | 7,581,600,000 | 193,109 | 46 | |
| SK | 7,226,192,926 | 129,541 | 56 | ||
| AB | 7,216,582,000 | 132,410 | 44 | ||
| ON | 6,936,459,987 | 92,340 | 17 | ||
| BC | 6,935,325,000 | 116,353 | 26 | ||
| SK | 6,760,855,894 | 137,033 | 30 | ||
| MB | 6,108,445,485 | 141,475 | 19 |
Most caisses populaires in Quebec (and some outside the province) are part of a network which operates as the Desjardins Group. Desjardins Group owns and operates a range of subsidiaries, including a securities brokerage, a venture capital firm, and a bank based in Florida.[50]
As of 25 December 2023, Desjardins Group's consolidated assets totalled $407 billion CAD.[51]
| Bank | Established | Defunct | Comments | |
|---|---|---|---|---|
| Accommodation Bank of Kingston | 1830s | ? | Issued banknotes in the 1830s.[52] | |
| Agricultural Bank of Toronto | 1834 | 1837 | Founded as Truscott, Green & Company, a private bank, before renaming. Failed.[53] | |
| Amicus Bank | 1999 | 2003 | Dissolved into the Canadian Imperial Bank of Commerce | |
| Arman's Bank of Montreal | 1830s | ? | Existed in the 1830s.[54] | |
| Bank of Acadia | 1872 | 1873 | Failed.[55] | |
| Bank of Alberta | 1984 | 1988 | Merged with the Western & Pacific Bank of Canada to become Canadian Western Bank. | |
| Bank of Brantford | 1850s | ? | Issued banknotes in the 1850s.[56] | |
| Bank of British Columbia (1st) | 1862 | 1901 | Merged into the Canadian Bank of Commerce.[57] | |
| Bank of British Columbia (2nd) | 1966 | 1986 | Assets acquired by HSBC Canada. | |
| Bank of British North America | 1836 | 1918 | Merged into the Bank of Montreal.[58] | |
| Bank of Canada (1st) | 1818 | 1831 | Merged into the Bank of Montreal.[59] | |
| Bank of Clifton | 1859 | 1863 | Reincarnation of Zimmerman Bank. Closed.[60] | |
| Bank of the County of Elgin | 1855 | 1862 | Closed.[61] | |
| Bank of Fredericton | 1836 | 1839 | Merged into the Commercial Bank of New Brunswick.[62] | |
| Bank of Hamilton | 1872 | 1923 | Merged into the Canadian Bank of Commerce in January 1924.[63] [64] | |
| Bank of Liverpool | 1871 | 1879 | Closed 1873–1878, before final closure.[65] | |
| Bank of London | 1883 | 1887 | Merged into the Bank of Toronto.[66] | |
| Bank of Lower Canada | 1839 | 1851 | Closed.[67] | |
| Bank of New Brunswick | 1820 | 1913 | Merged into the Bank of Nova Scotia.[68] [69] | |
| Bank of Ottawa | 1874 | 1919 | Merged into the Bank of Nova Scotia.[70] | |
| Bank of the People | 1835 | 1840 | Merged into the Bank of Montreal.[71] | |
| Bank of Prince Edward Island | 1856 | 1881 | Failed.[72] | |
| Bank of Toronto | 1855 | 1955 | Operated as The Millers Association of Canada West before reorganizing as the Bank of Toronto in 1855. Merged with The Dominion Bank to form the Toronto-Dominion Bank.[73] [74] | |
| Bank of Upper Canada | 1821 | 1866 | Chartered in 1821. Opened in 1822. Failed in 1866.[75] | |
| Bank of Vancouver | 1908 | 1914 | Organized in 1908. Opened in 1910. Failed in 1914.[76] | |
| Bank of Victoria | 1830s | ? | Existed in 1836[77] and at least until 1875.[78] | |
| Bank of Western Canada | 1859 | 1863 | Closed.[79] | |
| Bank of Yarmouth | 1859 | 1905 | Failed.[80] | |
| Banque De Boucherville | 1830s | ? | Issued banknotes in the 1830s.[81] | |
| Banque Canadienne Nationale | 1924 | 1979 | Merged in 1979 with Provincial Bank of Canada to become National Bank of Canada.[82] | |
| Banque d'Hochelaga | 1874 | 1924 | Merged with the Banque Nationale to form the Banque Canadienne Nationale.[83] [84] | |
| Banque Nationale | 1859 | 1924 | Chartered in 1859.[85] Merged with the Banque d'Hochelaga to form the Banque Canadienne Nationale. | |
| Banque du Peuple | 1835 | 1895 | Failed.[86] | |
| Banque de St. Hyacinthe | 1873 | 1908 | Failed.[87] | |
| Banque Internationale du Canada | 1911 | 1913 | Merged into the Home Bank of Canada.[88] | |
| Banque de St. Jean | 1873 | 1908 | Failed.[89] | |
| Banque Ville-Marie | 1872 | 1899 | Failed.[90] | |
| Barclays Bank Canada | 1929 | 1956 | Merged into Imperial Bank of Canada in 1956 and Hongkong Bank of Canada, now known as HSBC Bank Canada, in 1996. | |
| British Canadian Bank | 1883 | 1884 | Closed.[91] | |
| Canadian Bank of Commerce | 1867 | 1961 | Merged with the Imperial Bank of Canada to form the Canadian Imperial Bank of Commerce.[92] | |
| Canadian Commercial Bank | 1976 | 1985 | Failed | |
| Central Bank of Canada | 1883 | 1887 | Failed.[93] | |
| Central Bank of New Brunswick | 1834 | 1866 | Failed.[94] | |
| Charlotte County Bank | 1825 | 1865 | Failed.[95] | |
| City Bank of Montreal | 1833 | 1876 | Merged with the Royal Canadian Bank to form the Consolidated Bank of Canada.[96] | |
| City Bank of St. John | 1836 | 1839 | Merged into the Bank of New Brunswick.[97] | |
| Colonial Bank of Canada | 1856 | 1863 | Only operated in 1859, before it failed.[98] | |
| Commercial Bank of Canada | 1831 | 1868 | Founded in 1831 as the Commercial Bank of the Midland District, the name changed to the Commercial Bank of Canada in 1856.[99] Merged with the Merchants Bank in Montreal to form the Merchants' Bank of Canada.[100] | |
| Commercial Bank of Manitoba | 1885 | 1893 | Failed.[101] | |
| Commercial Bank of Montreal | 1835 | 1837 | Failed.[102] | |
| Commercial Bank of New Brunswick | 1834 | 1868 | Failed.[103] | |
| Commercial Bank of Newfoundland | 1857 | 1894 | Failed.[104] | |
| Commercial Bank of Windsor | 1864 | 1902 | Merged into the Union Bank of Halifax.[105] | |
| Consolidated Bank of Canada | 1876 | 1879 | Failed.[106] [107] | |
| Continental Bank of Canada | 1980 | 1986 | Acquired by Lloyds Bank and became Lloyds Bank Canada. | |
| Crown Bank of Canada | 1904 | 1908 | Merged with the Northern Bank to form the Northern Crown Bank.[108] | |
| The Dominion Bank | 1869 | 1955 | Established in 1869. Opened in 1871. Merged with the Bank of Toronto in 1955 to form the Toronto-Dominion Bank.[109] | |
| Eastern Bank of Canada | 1928 | 1934 | Failed.[110] | |
| Eastern Townships Bank | 1855 | 1912 | Merged into the Canadian Bank of Commerce.[111] | |
| Exchange Bank of Canada (1st) | 1872 | 1883 | Failed.[112] | |
| Exchange Bank of Toronto | 1855 | 1858 | Founded in 1855 as the Banking House of R.H. Brett, the name changed to the Exchange Bank of Toronto in 1856. Closed in 1858.[113] | |
| Exchange Bank of Yarmouth | 1867 | 1903 | Merged into the Bank of Montreal.[114] | |
| Farmers Bank of Canada | 1906 | 1910 | Failed.[115] | |
| Farmers' Bank of Malden | 1840s | 1840s | Failed.[116] | |
| Farmers' Bank of Rustico | 1862 | 1894 | Failed.[117] | |
| Farmer's Joint Stock Bank | 1835 | 1854 | Failed.[118] | |
| Federal Bank of Canada | 1874 | 1888 | Failed.[119] | |
| Goderich Bank | 1834 | 1834 | Closed.[120] | |
| Gore Bank | 1835 | 1870 | Merged into the Canadian Bank of Commerce.[121] | |
| Grenville County Bank | 1850s | ? | Issued banknotes in the 1850s.[122] | |
| Halifax Banking Company | 1825 | 1903 | Merged into the Canadian Bank of Commerce.[123] | |
| Hart's Bank | 1835 | 1847 | Closed.[124] | |
| Henry's Bank | 1837 | 1837 | Failed.[125] | |
| Home Bank of Canada | 1903 | 1923 | Incorporated in 1903.[126] Opened in 1904.[127] Failed in 1923.[128] | |
| Home District Savings Bank, Toronto | 1830 | 1837 | Founded 1830 for trades persons with deposits with Bank of Upper Canada but was alternative to those not aligned with the Family Compact which controlled the Bank of Upper Canada. Ceased to exist sometime after the Rebellion of 1837. | |
| Imperial Bank of Canada | 1873 | 1961 | Merged with Canadian Bank of Commerce to form the Canadian Imperial Bank of Commerce (CIBC).[129] | |
| International Bank of Canada | 1858 | 1859 | Failed.[130] | |
| Lloyds Bank Canada | 1986 | 1990 | Became Hongkong Bank of Canada, now known as HSBC Bank Canada in 1990. | |
| Macdonald and Company | 1859 | 1864 | Failed.[131] | |
| The Maritime Bank of the Dominion of Canada | 1872 | 1887 | Failed.[132] | |
| Mercantile Bank of Canada | 1953 | 1985 | Merged into the National Bank of Canada. | |
| Mechanics Bank of Montreal | 1865 | 1879 | Failed.[133] | |
| Mercantile Banking Corporation | 1870s | ? | Issued banknotes in the 1870s.[134] | |
| Merchants' Bank of Canada | 1868 | 1923 | Failing in 1921, taken over by the Bank of Montreal in 1922, and merger completed in 1923.[135] [136] | |
| Merchants' Bank of Halifax | 1864 | 1901 | Merged into the Royal Bank of Canada.[137] | |
| Merchants Bank in Montreal | 1864 | 1868 | Merged with the Commercial Bank of Canada to form the Merchants Bank of Canada.[138] | |
| Merchants' Bank of Montreal | 1830s | ? | Issued banknotes in the 1830s.[139] | |
| Merchants Bank of Prince Edward Island | 1871 | 1906 | Merged into the Canadian Bank of Commerce.[140] | |
| Metropolitan Bank of Montreal | 1871 | 1876 | Failed.[141] | |
| Metropolitan Bank of Toronto | 1902 | 1914 | Merged into the Bank of Nova Scotia.[142] | |
| Molson Bank | 1837 | 1925 | Merged into the Bank of Montreal.[143] [144] | |
| Montreal City and District Savings Bank | Converted from a savings bank to a regular bank and changed its name to Laurentian Bank of Canada. | |||
| National Westminster Bank of Canada | 1982 | 1998 | Became Hongkong Bank of Canada, now known as HSBC Bank Canada in 1998. | |
| Newcastle Banking Company | 1830s | ? | Issued banknotes in the 1830s.[145] | |
| Newcastle District Loan Company | 1830s | ? | Issued banknotes in the 1830s.[146] | |
| Newfoundland Savings Bank | 1834 | 1962 | Merged into the Bank of Montreal. | |
| Niagara District Bank | 1853 | 1875 | Merged into the Imperial Bank of Canada.[147] | |
| Niagara Suspension Bridge Bank | 1836 | 1841 | Closed.[148] | |
| Northern Bank | 1905 | 1908 | Merged with the Crown Bank of Canada to form the Northern Crown Bank.[149] | |
| Northern Crown Bank | 1908 | 1918 | Merged into the Royal Bank of Canada.[150] | |
| Northland Bank | 1974 | 1985 | Failed | |
| Ontario Bank | 1857 | 1906 | Merged into the Bank of Montreal.[151] | |
| Peoples Bank of Halifax | 1864 | 1905 | Merged into the Bank of Montreal.[152] | |
| Peoples Bank of New Brunswick | 1864 | 1907 | Merged into the Bank of Montreal.[153] | |
| Pictou Bank of Nova Scotia | 1873 | 1887 | Closed.[154] | |
| Provincial Bank of Canada | 1861 | 1979 | Founded as la Banque Jacques Cartier,[155] before renaming in 1900 as la Banque Provinciale du Canada in 1900.[156] Merged with Banque Canadienne Nationale to become National Bank of Canada. | |
| Provincial Bank of Canada in Stanstead | 1856 | 1863 | Closed.[157] | |
| Quebec Bank | 1818 | 1917 | Merged into the Royal Bank of Canada.[158] | |
| Royal Canadian Bank | 1864 | 1876 | Merged with the City Bank to form the Consolidated Bank of Canada.[159] | |
| St. Stephen's Bank | 1836 | 1910 | Merged into the Bank of British North America.[160] | |
| Sovereign Bank of Canada | 1901 | 1908 | Failed.[161] | |
| Stadacona Bank | 1874 | 1879 | Failed.[162] | |
| Standard Bank of Canada | 1872 | 1928 | Founded as the St. Lawrence Bank, before renaming in 1876.[163] Merged into Canadian Bank of Commerce.[164] | |
| Standard Chartered Bank of Canada | 1969 | 1990s | ||
| Sterling Bank of Canada | 1905 | 1924 | Merged into Standard Bank of Canada.[165] | |
| Summerside Bank | 1866 | 1901 | Merged into the Bank of New Brunswick.[166] | |
| Traders Bank of Canada | 1885 | 1912 | Acquired by the Royal Bank of Canada.[167] | |
| Union Bank of Canada | 1865 | 1925 | Founded as the Union Bank of Lower Canada, the name changed to the Union Bank of Canada in 1886.[168] Merged into the Royal Bank of Canada.[169] | |
| Union Bank of Halifax | 1856 | 1910 | Merged into the Royal Bank of Canada.[170] | |
| Union Bank of Montreal | 1830s | 1840s | Founded as the Union Bank, the name changed to the Union Bank of Montreal about 1841. Closed.[171] | |
| Union Bank of Newfoundland | 1854 | 1894 | Failed.[172] | |
| Union Bank of Prince Edward Island | 1860 | 1883 | Merged into the Bank of Nova Scotia.[173] | |
| United Empire Bank of Canada | 1906 | 1911 | Founded as the Pacific Bank of Canada before renaming in 1906. Merged into the Union Bank of Canada.[174] | |
| Unity Bank of Canada | 1972 | 1977 | Failed and merged into the Provincial Bank of Canada.[175] | |
| Western and Pacific Bank of Canada | 1982 | 1988 | Merged with the Bank of Alberta to form the Canadian Western Bank. | |
| Western Bank of Canada | 1882 | 1909 | Merged into the Standard Bank of Canada.[176] | |
| Westmorland Bank | 1854 | 1867 | Failed.[177] | |
| Weyburn Security Bank | 1910 | 1931 | Merged into the Imperial Bank of Canada.[178] | |
| Zimmerman Bank of Elgin | 1854 | 1859 | Reestablished as the Bank of Clifton.[179] |
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