Imperial Bank of Canada

Imperial Bank of Canada

Formerly	Imperial Bank
Industry	Banking
Founded	1873 in Toronto, Ontario, Canada
Founder	Henry Stark Howland
Defunct	June 1, 1961
Fate	Merged with the Canadian Bank of Commerce
Successor	Canadian Imperial Bank of Commerce

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

From 1876 to 1936, the bank was headquartered in the Exchange Building at 32 Wellington.

Imperial's headquarters in Toronto, designed by Ernest Ross Rolph, opened in 1936.

Imperial Bank of Canada, Niagara Falls, Ontario

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.[1]

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.[2]

In 1875, it amalgamated with the Niagara District Bank,[3] which had been chartered on May 19, 1855, in Montreal.[4]

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

1. Henry Stark Howland, 1875–1890
2. George Albertus Cox, 1890–1906
3. Daniel Robert Wilkie, 1906–1914
4. Peleg Howland, 1914–1930
5. Frank Augustus Rolph, 1930–1936
6. Albert Edmund Phipps, 1936–1943
7. Robert Stanley Waldie, 1943–1948
8. William Gibb More, 1948–1950
9. Iredell Killaly Johnston, 1950–1953
10. Lindsay Stuart Mackersy, 1953–1956
11. John Stewart Proctor, 1956–1961

Chairman of the Board

1. Frank Augustus Rolph, 1936–1941
2. Albert Edmund Phipps, 1943–1945
3. Robert Stanley Waldie, 1948–1956
4. Lindsay Stuart Mackersy, 1956–1961

See also

• List of Canadian banks

References

1. "Table of Private Acts: Imperial Bank". Department of Justice. Archived from the original on 2011-05-20. Retrieved 2006-06-16.
2. http://digitalcollections.torontopubliclibrary.ca/webDC/images.do?contentID=PICTURES-R-1445 Archived 2011-07-06 at the Wayback Machine Imperial Bank of Canada 1875
3. "Table of Private Acts: Imperial Bank of Canada". Department of Justice. Archived from the original on 2011-05-20. Retrieved 2006-06-16.
4. Pound, Richard W. (2005). 'Fitzhenry and Whiteside Book of Canadian Facts and Dates'. Fitzhenry and Whiteside.