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Bank Of Alberta
The Bank of Alberta was a bank based in Edmonton, Alberta, Canada from 1984 to 1988. It was formed during a challenging economic environment that pushed many competitors to rein in their activities in key western markets. As a result, the bank ultimately had a significant impact on the evolution of modern banking in Western Canada. History When the bank commenced operations in 1984 it was led by Canadian Business Hall of Fame member Dr. Charles Allard and Eugene Pechet, starting with three employees working out of a boardroom located in one of Pechet's hotels in Edmonton, Alberta. The Government of Alberta supported the newly formed Bank of Alberta by investing in 5% of its shares. In 1988, the Bank of Alberta merged with Western & Pacific Bank to form Canadian Western Bank (CWB). See also * List of banks in Canada 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 ...
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Canadian Western Bank
Canadian Western Bank (CWB; french: Banque canadienne de l'Ouest), also operating as CWB Financial Group, is a Canadian bank based in Edmonton, Alberta. The bank serves clients both in Western Canada and in other provinces. The CWB Financial Group is made up of 10 banking, lending, wealth and trust companies. Its loan book is almost equally represented across BC, Alberta and Ontario. As part of its expansion plans, CWB has opened a branch in Mississauga, Ontario, just west of Toronto. History Canadian Western Bank was formed through the 1988 merger of two banks: the Bank of Alberta (founded 1984), and the Western & Pacific Bank of Canada (founded 1982). It was led by Bank of Alberta co-founders Charles Alexander Allard and Eugene Pechet. In 1993, it acquired Western Canadian branches of Metropolitan Trust. In 1994, Canadian Western Bank and North West Trust Company merged into Canadian Western Bank. In 1996, it acquired BC Bancorp (chartered in 1967), and purchased the Aetna ...
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Charles Allard
Charles Alexander Allard (November 19, 1919August 11, 1991) was a Canadian surgeon, entrepreneur, and broadcaster, who set up the Canadian radio station CHQT and Edmonton's independent television station CITV-TV, and was also the founder of the Bank of Alberta, Allarcom, and the Edmonton Oilers. He was also the fellow of the Royal College of Surgeons of Canada, chief of staff at the Edmonton General Hospital, and posthumously inducted in the CAB Hall of Fame in 1996. Life Charles Allard was born in Edmonton, Alberta, in 1919, and graduated from high school in Edmonton. He received his medical degree from the University of Alberta in 1943, and went on to complete his postgraduate studies in surgery at the Montreal General Hospital; Lahey Clinic, Boston; Royal Victoria Hospital, Montreal; and Children's Memorial Hospital of Montreal. He was appointed the chief of staff of the Edmonton General Hospital. Allard passed away in Edmonton, in 1991 at the age of 72. Enterprises Allar ...
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Eugene Pechet
Eugene Pechet (September 22, 1916 – August 23, 2008) was a Canadian hotelier and banker. He bought his first hotel in 1942 and went on to build and operate 22 hotels throughout Western Canada and the United States. Banking industry involvement With Charles Allard, Pechet also founded the Canadian Western Bank, formerly the Bank of Alberta. They started the bank with three employees working out of an office located in one of Mr. Pechet’s hotels. As of 2010, the CWB has total balance sheet assets of just under $12 billion, assets under administration of over $8 billion and assets under management approaching $1 billion. References External links Stagewest Hospitality Corporate Website 2017 website via Wayback Machine The Wayback Machine is a digital archive of the World Wide Web founded by the Internet Archive, a nonprofit based in San Francisco, California. Created in 1996 and launched to the public in 2001, it allows the user to go "back in time" and see ... Canad ...
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Edmonton
Edmonton ( ) is the capital city of the Canadian province of Alberta. Edmonton is situated on the North Saskatchewan River and is the centre of the Edmonton Metropolitan Region, which is surrounded by Alberta's central region. The city anchors the north end of what Statistics Canada defines as the " Calgary–Edmonton Corridor". As of 2021, Edmonton had a city population of 1,010,899 and a metropolitan population of 1,418,118, making it the fifth-largest city and sixth-largest metropolitan area (CMA) in Canada. Edmonton is North America's northernmost large city and metropolitan area comprising over one million people each. A resident of Edmonton is known as an ''Edmontonian''. Edmonton's historic growth has been facilitated through the absorption of five adjacent urban municipalities ( Strathcona, North Edmonton, West Edmonton, Beverly and Jasper Place) hus Edmonton is said to be a combination of two cities, two towns and two villages./ref> in addition to a series ...
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Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ...
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Alberta
Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Territories (NWT) to the north, and the U.S. state of Montana to the south. It is one of the only two landlocked provinces in Canada (Saskatchewan being the other). The eastern part of the province is occupied by the Great Plains, while the western part borders the Rocky Mountains. The province has a predominantly continental climate but experiences quick temperature changes due to air aridity. Seasonal temperature swings are less pronounced in western Alberta due to occasional Chinook winds. Alberta is the fourth largest province by area at , and the fourth most populous, being home to 4,262,635 people. Alberta's capital is Edmonton, while Calgary is its largest city. The two are Alberta's largest census metropolitan areas. More tha ...
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The Canadian Journal Of Economics
The ''Canadian Journal of Economics/Revue canadienne d'économique'' is a peer-reviewed academic journal of economics published quarterly by Wiley-Blackwell on behalf of the Canadian Economics Association. In 1967 the journal was established from a split of ''The Canadian Journal of Economics and Political Science'' into this journal and the ''Canadian Journal of Political Science The ''Canadian Journal of Political Science'' (french: Revue canadienne de science politique) is a peer-reviewed academic journal published by Cambridge University Press on behalf of the Canadian Political Science Association. In 1968, it was spli ...''. The current managing editor is Katherine Cuff ( McMaster University). The journal publishes the Presidential Address and Innis Lecture from the Annual Meetings of the Canadian Economics Association, which offers two prizes for articles published in the journal: The Harry Johnson Prize (named after the late Canadian economist Harry Gordon Johnson) fo ...
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Canadian Business Hall Of Fame
The Canadian Business Hall of Fame celebrates the outstanding achievements of Canada's most distinguished business leaders, past and present. Over 170 Order of the Business Hall of Fame Companions serve as inspiring examples for all young Canadians and are featured in a display in the Allen Lambert Galleria located at Brookfield Place in Toronto, Ontario. Companions are selected by an independent panel representing Canadian business, academic and media institutions. The Canadian Business Hall of Fame was established by Junior Achievement of Canada in 1979. Companions of the Canadian Business Hall of Fame * Job Abbott * W. Maxwell "Max" Aitken *Charles Allard * Israel H. Asper * Joseph E. Atkinson *A. Charles Baillie * St. Clair Balfour *Jim Balsillie * Irving K. Barber * John W.H. Bassett * Sonja I. Bata * Thomas J. Bata *Laurent Beaudoin *Adam Beck * Clive Beddoe * Michel Bélanger *Max Bell *Aldo Bensadoun * Charles Bentall * L.L.G. (Poldi) Bentley * Alfred J. Billes * J. Will ...
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Government Of Alberta
The government of Alberta (french: gouvernement de l'Alberta) is the body responsible for the administration of the Canadian province of Alberta. As a constitutional monarchy, the Crown—represented in the province by the lieutenant governor—is the corporation sole, assuming distinct roles: the executive, as the ''Crown-in-Council''; the legislature, as the ''Crown-in-Parliament''; and the courts, as the ''Crown-on-the-Bench''. The functions of the government are exercised on behalf of three institutions—the Executive Council; the Legislative Assembly; and the judiciary, respectively. Its powers and structure are partly set out in the ''Constitution Act, 1867''. Alberta operates in the Westminster system of government. The political party or coalition that wins the largest number of seats in the legislature forms government, and the party's leader becomes premier of Alberta and ministers are selected by the premier. In modern Canadian use, the term ''Government of Albert ...
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List Of Banks In Canada
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". The "Big Five" Canada's "big five" banks, and a few statistics (2013): The term "Big Six" is frequently used as well and includes the National Bank of Canada (2013 market cap of $8.9B), though its operations are primarily focused in the provinces of Quebec and New Brunswick. Banks by legal classification Banks in Canada are classified by their ownership as domestic banks, subsidiaries of foreign banks, or branches of foreign banks. For a greater explanation of the classifications, see ''Banking in Canada'' and ''Canada Bank Act''. Schedule I banks (domestic banks) Under the Canada Bank Act, Schedule I are banks that are not a subsidiary of a foreign bank, i.e., domestic banks, even if they have foreign shareholders. There are 35 domestic banks, included 2 federally regulated ...
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Banks Established In 1984
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. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, 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 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 concept ...
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1984 Establishments In Alberta
Events January * January 1 – The Bornean Sultanate of Brunei gains full independence from the United Kingdom, having become a British protectorate in 1888. * January 7 – Brunei becomes the sixth member of the Association of Southeast Asian Nations (ASEAN). * January 10 ** The United States and the Vatican City, Vatican (Holy See) restore full diplomatic relations. ** The Victoria, Seychelles, Victoria Agreement is signed, institutionalising the Indian Ocean Commission. *January 24 – Steve Jobs launches the Macintosh 128K, Macintosh personal computer in the United States. February * February 3 ** Dr. John Buster and the research team at Harbor–UCLA Medical Center announce history's first embryo transfer from one woman to another, resulting in a live birth. ** STS-41-B: Space Shuttle Challenger, Space Shuttle ''Challenger'' is launched on the 10th Space Shuttle mission. * February 7 – Astronauts Bruce McCandless II and Robert L. Stewart make the first untethered spac ...
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