The Bank of Ottawa was an early

Canadian Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of ...

banking establishment in the Ottawa Valley, Ontario. Branches included Ottawa, Carp, Pembroke, Keewatin and

Winnipeg, Manitoba Winnipeg () is the capital and largest city of the province of Manitoba in Canada. It is centred on the confluence of the Red and Assiniboine rivers, near the longitudinal centre of North America. , Winnipeg had a city population of 749,6 ...

. It merged with the

Bank of Nova Scotia The Bank of Nova Scotia (french: link=no, Banque de Nouvelle-Écosse), operating as Scotiabank (french: link=no, Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada ...

in 1919.

History

The Bank of Ottawa was established in 1874 by Ottawa Valley lumber pioneers, including James Maclaren, who presided over the Bank from 1874 until his death in 1892."From Pathways to Roadways" In: Jeff Keshen, Nicole St-Onge.
Ottawa--making a Capital
'. University of Ottawa Press; 2001. . p. 82–. Its head office was on Wellington Street in Ottawa. John Mather served as a bank director from 1879. Like the other Canadian chartered banks, it issued its own paper money. The bank issued notes 1874-1913. The end dates are the final dates appearing on notes, which circulated for some time after. The bank expanded beyond the Ottawa area, and by 1918 had branches in six provinces.David Lee.
Lumber Kings and Shantymen: Logging and Lumbering in the Ottawa Valley
'. James Lorimer & Company; 7 July 2006. . p. 201–. The Bank of Ottawa, for example, was the first occupant of the building at 169 John Street North in Arnprior, Ontario, and in 1907 a branch was opened in Tisdale. In 1911, the bank's branch in

Porcupine, Ontario The city of Timmins, Ontario, Canada contains many named neighbourhoods. Some former municipalities that were merged into Timmins continue to be treated as distinct postal and telephone exchanges from the city core. According to Barnes, "With the ...

, was destroyed along with most of the town in a fire. After World War I the Bank of Ottawa reached a point where it required new capital and vigorous expansion to remain competitive and maintain its earnings. To achieve this, the bank amalgamated with The

in 1919.
Banking, Trade and Industry: Europe, America and Asia from the Thirteenth to the Twentieth Century
'. Cambridge University Press; 15 May 1997. . p. 327–. Through this merger, The Bank of Nova Scotia acquired a number of new branches as far west as the Pacific Ocean. Arnprior Heritage Trail.

References

{{Authority control Defunct banks of Canada Banks established in 1874 Banks disestablished in 1919 Companies based in Ottawa Scotiabank 1874 establishments in Ontario 1919 disestablishments in Ontario 1919 mergers and acquisitions

History

See also

References