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The Molsons Bank was a Canadian bank founded in Montreal, Quebec, by brothers William (1793–1875) and John Molson, Jr. (1787–1860), the sons of brewery magnate John Molson.
OperationsEdit
In 1837, the bank opened and issued its first banknotes.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In 1850, it was constituted under the Free Banking Act passed by the parliament of the Province of Canada. To increase its powers and its revenue, the bank was incorporated in 1855. It was granted a charter on May 19, 1855 in Montreal<ref>Template:Cite book</ref> allowing it to operate its bank in the same way as other banks. With its head office at the corner of St. James & St. Peter streets (today known as Saint-Jacques and Saint-Pierre streets) in Montreal, it continued in operation until 1925 when it merged with the Bank of Montreal.
BranchesEdit
The bank operated 125 branches primarily in Quebec and Ontario. It also had branches in western Canada and agents in the US and UK.<ref>Template:Cite book</ref>
The Bank of Montreal at 3 King Street South, Waterloo, Ontario, is a former branch of the Molson Bank that was built in 1914 and is on the Registry of Historical Places of Canada.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
PresidentsEdit
- William Molson, 1855–1875
- John Thomas Molson, 1875–1879
- Thomas Workman, 1879–1889
- John Henry Robinson Molson, 1889–1897
- William Molson Macpherson, 1897–1922
- Frederick William Molson, 1922–1924<ref>http://www.bmo.com/bmo/files/images/4/1/BMOHistoryEng.pdf Template:Bare URL PDF</ref>
GalleryEdit
- Banque Molson.jpg
Molson Bank
- Molsons Bank Montreal.jpg
Molson Bank in Montreal
- The Bank of Montreal, Waterloo (formerly Molsons Bank Building).jpg
This BMO branch in Waterloo, Ontario retains the Molsons Bank name on the plinth.
- Molson Bank Saint-Rémi Notre-Dame.jpg
Molson Bank branch, constructed in 1905, at the corner of Saint-Rémi and Notre-Dame in Montreal, Quebec, Canada
- Molsons Bank, Toronto.png
The Toronto main branch at 300 Bay Street.
- The Molsons Bank Ontario newspaper ad.png
Newspaper advertisement from 1916.
See alsoEdit
ReferencesEdit
- Denison, Merrill, 1893–1975. Canada's first bank : a history of the Bank of Montreal. Toronto: McClelland and Stewart, c1966. 2 v. : ill., maps, ports., (some folded, some col).; 25 cm.
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