The Imperial Bank of Canada was a Canadian bank that operated from 1873 to 1961. In 1961, Imperial merged with the Canadian Bank of Commerce to become the Canadian Imperial Bank of Commerce.
History
It was founded in 1873 as the Imperial Bank in Toronto by Henry Stark Howland, former vice president of the Canadian Bank of Commerce. The bank became the Imperial Bank of Canada in 1874.
In 1875, the president of the Imperial Bank of Canada was H.S. Howland, founder of the original Imperial Bank. The bank had a capital of $1,000,000 and the head office was located on Wellington Street in Toronto, Ontario.
The Imperial Bank of Canada branches expanded beyond Toronto and were found in St. Catharines, Ingersoll, Welland, Prince Albert, Saskatchewan and Port Colborne.
In 1875, it amalgamated with the Niagara District Bank, which had been chartered on May 19, 1855, in Montreal.
Although George Albertus Cox became the bank's president in 1890, Howland stayed at the bank until his death in 1902. Cox remained president until 1906. Daniel Robert Wilkie succeeded Cox as president of the Imperial Bank of Canada, and died as president in 1914.
The bank acquired Weyburn Security Bank in 1931, and Barclays Bank (Canada) in 1956.
It merged with the Canadian Bank of Commerce in 1961 to form the Canadian Imperial Bank of Commerce.
Leadership
President
Henry Stark Howland, 1875–1890 George Albertus Cox, 1890–1906 Daniel Robert Wilkie, 1906–1914 Peleg Howland, 1914–1930 Frank Augustus Rolph, 1930–1936 Albert Edmund Phipps, 1936–1943 Robert Stanley Waldie, 1943–1948 William Gibb More, 1948–1950 Iredell Killaly Johnston, 1950–1953 Lindsay Stuart Mackersy, 1953–1956 John Stewart Proctor, 1956–1961
Chairman of the Board
Frank Augustus Rolph, 1936–1941 Albert Edmund Phipps, 1943–1945 Robert Stanley Waldie, 1948–1956 Lindsay Stuart Mackersy, 1956–1961
See also
List of Canadian banks
References