City Bank

The City Bank of Montreal (known in French as "La Banque de la Cite") 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]

Not to be confused with Citibank.
This article is about the City Bank of Montreal, a commercial bank. For municipal government banks, see Public bank.
City Bank
Banque de la Cite
Consumer bank
IndustryBanking
Fate
SuccessorConsolidated Bank of Canada
Founded1833 (1833) in Montreal, Quebec, Canada
Defunct1876 (1876)
Headquarters
Montreal
,
Canada
Areas served
  • Montreal
  • Quebec City
  • Toronto
Key people
    • First President: John Frothingham
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. "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.
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References
  1. Grawey p. 13
  2. Grawey p. 13
  3. Manning
  4. Manning
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