The Weyburn Security Bank was a chartered bank headquartered in
Weyburn
Weyburn is the eleventh-largest city in Saskatchewan, Canada. The city has a population of 10,870. It is on the Souris River southeast of the provincial capital of Regina and is north from the North Dakota border in the United States. The n ...
,
Saskatchewan
Saskatchewan ( ; ) is a province in western Canada, bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, to the northeast by Nunavut, and on the south by the U.S. states of Montana and North Dak ...
,
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 tot ...
. The bank was established by a group of American investors as a private bank in 1910, by 1911 the bank had advanced to the point where it obtained a Canadian bank charter.
Over its 30 years of operation the bank expanded to having assets of $6 million and serving 33 communities. Due to the onset of the great depression, in May 1931 the bank was purchased by the
Imperial Bank of Canada
The Imperial Bank of Canada was a Canadian bank based in Toronto, Ontario, during the late 19th century and early 20th century.
History
It was founded in 1873 as the Imperial Bank in Toronto by Henry Stark Howland, former vice president of the C ...
. The
Weyburn Security Bank Building
The Weyburn Security Bank Building (also referred to as the Imperial Bank of Canada Building) is located at 76 - 3rd Street in Weyburn, Saskatchewan, Canada and is a two-storey building with a glazed terracotta façade. The Minneapolis-based arch ...
is a designated provincial heritage building.
See also
*
Canadian chartered bank notes
References
{{reflist
External links
CIBC- Mergers and Amalgamations, The Canadian Bank of Commerce
Defunct banks of Canada
Weyburn
Banks established in 1910
1910 establishments in Saskatchewan
Banks disestablished in 1931
1931 disestablishments in Canada
Canadian companies established in 1910