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Eastern Townships Bank
The Eastern Townships Bank was a Canadian bank that existed from 1855 to 1912. Concentrated in southeastern Quebec, some branches were later opened in western provinces. In 1912, the bank was merged into the Canadian Bank of Commerce. Founding The bank received a charter of incorporation in 1855 but did not establish operations until 1859. The authorized capital was £250,000 in 1855, increased to £400,000 in 1859. Of the latter, £206,200 was issued and £20,620 paid up by June. That July, the bank purchased a building in Sherbrooke, which was remodelled before occupation. That September, the bank opened for business at the Sherbrooke head office and Waterloo branch. The Stanstead branch opened months later. Regional expansion The authorized capital rose from $400,000 to $500,000 in 1871, to $750,000 in 1872, to $1,000,000 in 1873, and to $1,500,000 in 1875. The more grandiose head office building was completed and occupied in 1877. On the collapse of the Consolidated Bank o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thetford Mines
Thetford Mines (; Canada 2021 Census population 26,072) is a city in south-central Quebec, Canada. It is the seat of Les Appalaches Regional County Municipality. The city is located in the Appalachian Mountains, 187 km east-northeast of Montreal and 79 km south of Quebec City.Thetford Mines thecanadianencyclopedia.ca It is known mostly as the asbestos capital of Canada. History 
Before European colonization of the Americas, European colonization, the Abenaki inhabited the Thetford Mines region.
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Companies Based In Sherbrooke
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1859 Establishments In Canada
Events January–March * January 21 – José Mariano Salas (1797–1867) becomes Conservative interim President of Mexico. * January 24 ( O. S.) – Under the rule of Alexandru Ioan Cuza, the provinces of Wallachia and Moldavia are united under the jurisdiction of the Ottoman Empire. It would be a principal step in forming the modern state of Romania. * January 28 – The city of Olympia is incorporated in the Washington Territory of the United States of America. * February 2 – Miguel Miramón (1832–1867) becomes Conservative interim President of Mexico. * February 4 – German scholar Constantin von Tischendorf rediscovers the ''Codex Sinaiticus'', a 4th-century Uncial script, uncial manuscript of the Koine Greek, Greek Bible, in Saint Catherine's Monastery on the foot of Mount Sinai, in the Khedivate of Egypt and arranges for its presentation to his patron, Tsar Alexander II of Russia at Saint Petersburg. * February 14 – Oregon is admitted as the 33rd U.S. state. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1912
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Canada
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Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Canadian Banks
This is a list of banks in Canada, including chartered banks, credit unions, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks". Largest banks Big Five The top five Canadian banks are collectively referred to as the "Big Five" due to their dominant position and significant influence within the country's banking and financial industry. This term has been used for many years to characterize these major banks, and it highlights their substantial market share and impact on Canada's economy. The financial sector of Canada is especially concentrated in these banks, which has been seen as a result of protectionist policies of the government and the country's small and dispersed population. These banks grew at an extraordinary rate of 10.7 percent per year, on average, from 2008 to 2018 compared with 3.64 percent for the five largest U.S. banks. While most Canadian banks operate only within Canada, the Big Five are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard William Heneker
Richard William Heneker (May 2, 1823 – August 15, 1912) was a Canadian businessman of Irish descent. Following his immigration to Canada in 1855, he settled in Sherbrooke, Quebec. After a long career in business, he left Canada in 1902 to retire in England. For about fifty years, Heneker was a businessman and an influential leader in the Eastern Townships at the end of 19th century. Throughout his life in Canada, he pursued two missions: namely to enable Anglophones in the Sherbrooke region to emancipate themselves and build a regional economy controlled by residents of the Eastern Townships. He acted as the first chairman of Bishop's College School and a Chancellor of Bishop's University. Childhood and studies Richard William Heneker followed a program of studies at University College School in London. Subsequently, he studied architecture by private lessons. Biography ;Career in England At the age of 19, Heneker was hired by the firm of Charles Barry, architect of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scotiabank
The Bank of Nova Scotia (), operating as Scotiabank (), is a Canadian multinational corporation, multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five (banks), Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. In 2023, the company's seat in Forbes Global 2000 was 88. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 89,000 employees and assets of CA$1,399 billion as of April 30, 2024 (according to Q2-2024 Report to Shareholders), Scotiabank trades on the Toronto () and New York () exchanges. The Scotiabank SWIFT#Standards, swift code is NOSCCATT and the institution number is 002. Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900. Scotiabank has billed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Imperial Bank Of Commerce
The Canadian Imperial Bank of Commerce (CIBC; ) is a Canadian Multinational corporation, multinational banking and financial services corporation headquartered at CIBC Square in the Financial District, Toronto, Financial District of Toronto, Ontario. The Canadian Imperial Bank of Commerce was formed through the 1961 merger of the Canadian Bank of Commerce (founded in 1867) and the Imperial Bank of Canada (founded in 1873), in the largest merger between chartered banks in Canadian history. It is one of two Big Five banks of Canada, "Big Five" banks founded in Toronto, the other being the Toronto-Dominion Bank. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom. Globally, CIBC serves more than eleven million clients, and has over 40,000 emp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coaticook
Coaticook ( , ) is a town on the Coaticook River, located in southeastern Quebec, Canada. It resides in the region of Estrie, which is often referred to colloquially as the Eastern Townships. It is the seat of the Coaticook Regional County Municipality, and its southern border is also the Canada–United States border. The town of Coaticook was initially settled in the 1820s by British Loyalists coming from New England. The town was incorporated in 1864, and the municipalities of Barnston Township and Barford Township were later merged into Coaticook on December 12, 1998. The absorption of these townships introduced multiple communities to Coaticook that exist to this day, including Baldwin's Mills, Barnston, Ladd's Mills and Stanhope. As of 2021, the population of the municipality of Coaticook was 8,867 with a total area of . The town of Coaticook is principally known for the Laiterie de Coaticook, the Parc de la Gorge de Coaticook and Foresta Lumina, which bring in a m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
