Canadian Bank of Commerce

Canadian Bank of Commerce

The Canadian Bank of Commerce was a Canadian bank founded in 1867. It merged with the Imperial Bank of Canada in 1961 to form the Canadian Imperial Bank of Commerce.

During World War I, staff from the Canadian Bank of Commerce enlisted in the war effort. Staff enlistment was the following:

* World War I - 1,701
* World War II - 2,300

A War Memorial at Commerce Court in Toronto, Ontario commemorates their service.

Mergers

The Canadian Bank of Commerce grew through acquisitions of other banks in Canada:

Halifax Banking Company - 1903Established in 1825

Gore BankFormed in 1836 and merged with the Commerce in 1870:

Eastern Townships BankFormed in 1859 and merged with the Commerce in 1912:

Bank of British ColumbiaEstablished with a Royal Charter in 1862 and merged with the Commerce in 1901:

Merchants Bank of Prince Edward IslandFormed 1856 and merged with the Commerce in 1906:

Bank of Hamilton
Bank of Hamilton merged with the Commerce in 1924.

The Standard Bank of Canada (changed to St Lawrence Bank 1872-1876) in 1876. Merged with the Commerce in 1928.

ee also

List of Canadian banks


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