Opening of the Bank of Montreal
- When
- 1817–1818
- Where
- Montreal, Quebec; Rue Saint-Paul, Montreal
- Episodes
- 2
The Bank of Montreal, originally established as the Montreal Bank, was formally created in 1817 through the signing of Articles of Association by a group of merchants. The institution began operations in rented rooms on Rue Saint-Paul in Montreal before moving to a permanent building in 1818. This event marks the foundational establishment of the bank in its initial location.
Episodes
- Initial Location on Rue Saint-Paul
The bank began operations in rented rooms on Rue Saint-Paul in Montreal before moving to a permanent building in 1818.
- Establishment of the Montreal Bank
A group of merchants signed the Articles of Association in Montreal, formally creating the Montreal Bank in 1817.
Background and detail
Background. The Bank of Montreal is a Canadian multinational investment bank and financial services company. It was founded in Montreal, Quebec, in 1817 as the Montreal Bank, making it Canada's oldest bank. The formal establishment occurred on 23 June 1817 when a group of merchants signed the Articles of Association, creating the entity known as the "Montreal Bank."
Initial Operations. The bank was initially located in rooms rented on Rue Saint-Paul in Montreal. It subsequently moved to its permanent building on the same street in 1818. The retrieved passages do not date the bank's opening to 3 November 1817, so the legacy row's specific date is treated as unsourced for this event.
Legacy Discrepancy. The supplied legacy row states the bank opened in Montreal on 3 November 1817. However, the retrieved passages indicate the bank was established on 23 June 1817 via the signing of Articles of Association. The discrepancy between the legacy date and the sourced establishment date is noted, with the sourced value prioritized for factual accuracy.
People involved
- Group of Merchants · Founders
Sources
- Bank of Montreal Wikipedia, revision of 2026-08-02
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.