The Bank of Canada was granted a charter on August 16, 1858. The charter was granted to William Cayley,

Joseph Curran Morrison Joseph Curran Morrison (August 20, 1816 – December 6, 1885) was a lawyer, judge and political figure in Canada West. He was born in Ireland in 1816 and came to Upper Canada with his family in 1830. He studied at Upper Canada College, studied ...

, Angus Morrison

Esq. Esquire (, ; abbreviated Esq.) is usually a courtesy title. In the United Kingdom, ''esquire'' historically was a title of respect accorded to men of higher social rank, particularly members of the landed gentry above the rank of gentleman a ...

, John Ross,

William Henry Boulton William Henry Boulton (April 19, 1812 – February 15, 1874) was a lawyer and political figure in Canada West. He served as Mayor of Toronto from 1845 to 1847, and in 1858. He was also a member of the Orange Order in Canada. Boulton died in ...

and

Frederick William Cumberland :''See also Cumberland (disambiguation), Cumberland (surname).'' Frederick William Cumberland (10 April 1821 – 5 August 1881) was a Canadian engineer, architect and politician. He represented the riding of Algoma in the 1st and 2nd Ontar ...

The charter was never used and eventually sold to

William McMaster William McMaster (24 December 1811 – 22 September 1887) was a Canadian wholesaler, senator and banker in the 19th century. A director of the Bank of Montreal from 1864 to 1867, he was a driving force behind the creation of the Canadian ...

in 1866 and renamed the Canadian Bank of Commerce, later became CIBC. It is not to be mistaken for the

Bank of Canada The Bank of Canada (BoC; french: Banque du Canada) is a Crown corporation and Canada's central bank. Chartered in 1934 under the ''Bank of Canada Act'', it is responsible for formulating Canada's monetary policy,OECD. OECD Economic Surveys: Ca ...

, the current central bank which was established by the ''

Bank of Canada Act The ''Bank of Canada Act'' (the Act) is a statute that sets out the governance structure and powers of the Bank of Canada, which was created in 1934 as Canada's central bank. Prior to 1934, Canada had no central bank and fragmented control of t ...

'' in 1934.

References

Defunct banks of Canada Banks established in 1858 Banks disestablished in 1866 1866 disestablishments in Canada Canadian companies established in 1858 {{Canada-corp-stub