City_Bank_of_Montreal

City Bank of Montreal

City Bank of Montreal

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The City Bank of Montreal (known in French as "La Banque de la Cité") was an early bank founded in Montreal in 1833,[1] when it was part of Lower Canada. It was founded as a counterpart to the Bank of Montreal, whose politically conservative directors made it difficult for leading liberals to do business in the province.[2] During its existence, it issued a number of tokens for use in trade, and is known for producing many varieties of the Bouquet sou, and for co-issuing the Habitant token along with the other leading banks of Montreal in the late 1830s. It also issued paper money.[3]

Quick Facts Company type, Industry ...
City Bank of Montreal, Toronto office

It also had branches in Toronto, and in Quebec City.[4]

City Bank merged with Royal Canadian Bank to form Consolidated Bank of Canada in 1876.

Bibliography

  • Manning Garrett (12 September 2013). "The City Bank of Montreal Banknote Values - Canadian Currency". Retrieved October 12, 2018.
  • Grawey, Tim (December 12, 2017). "Colonial Tokens: City Bank tokens were issued during rebellions". Canadian Coin News. 55 (18): 13–15.

References

  1. [1]
    Grawey p. 13
  2. [2]
    Grawey p. 13
  3. [3]
    Manning
  4. [4]
    Manning
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