The Molson Bank (sometimes labeled Molsons Bank) was a Canadian bank founded in Montreal, Quebec, by brothers William (1793–1875) and

John Molson, Jr. John Molson Junior (October 14, 1787 – July 12, 1860) was a Canadian politician and entrepreneur. He served as director of Molson Bank, president of the Champlain and St. Lawrence Railroad (Canada's first railway), and president of Montreal Gene ...

(1787–1860), the sons of brewery magnate John Molson.

History

In 1850, it was constituted under the ''Free Banking Act'' passed by the parliament of the Province of Canada. To increase its powers and its revenue, the bank was incorporated in 1855. It was granted a charter on May 19, 1855 in Montreal allowing it to operate its bank in the same way as other banks. With its

head office Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top ...

at the corner of St. James & St. Peter streets (today known as

Saint-Jacques Saint-Jacques (the French name for Saint James (disambiguation), Saint James) may refer to: Canada * Saint-Jacques Cathedral (Montreal), built in 1822 and demolished in 1973 * Saint-Jacques (electoral district), a former federal electoral distric ...

and Saint-Pierre streets) in Montreal, it continued in operation until 1925 when it merged with the

Bank of Montreal The Bank of Montreal (BMO; french: Banque de Montréal, link=no) is a Canadian multinational investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank; while its head office remains in ...

Branches

The bank operated 125 branches primarily in Quebec and Ontario. It also had branches in western Canada and agents in the US and UK. The

at 3 King Street South, Waterloo, Ontario, is a former branch of the Molson Bank that was built in 1914 and is on the Registry of Historical Places of Canada.

Presidents

William Molson was the first President (1855-1875) and brother John Molson Jr. as vice-president (1855-1860). Other Molsons to work at the bank included: * John Thomas Molson was President in 1875 *

John Henry Robinson Molson John Henry Robinson Molson (June 5, 1826 – May 28, 1897) was a Canadian entrepreneur and philanthropist. He was an owner of Molson Brewery and president of Molson Bank. Born June 5, 1826 to Thomas Molson (1791–1863) and Martha Molson (1795–1 ...

, President 1889-1897 * Frederick William Molson(1860-1929) was President of the bank from 1921 to 1924http://www.bmo.com/bmo/files/images/4/1/BMOHistoryEng.pdf

Gallery

File:Banque Molson.jpg, Molson Bank File:Molsons Bank Montreal.jpg, Molson Bank in Montreal File:BMO Molsons Bank Waterloo.JPG, Waterloo Molsons Bank Building (BMO Branch) with Marsland Centre (BMO Data Centre) behind. Image:The Bank of Montreal, Waterloo (formerly Molsons Bank Building).jpg, This BMO branch in Waterloo, Ontario retains the Molsons Bank name on the plinth. File:Molson Bank Saint-Rémi Notre-Dame.jpg, Molson Bank branch, constructed in 1905, at the corner of Saint-Rémi and Notre-Dame in Montreal, Quebec, Canada

References

*Denison, Merrill, 1893–1975. Canada's first bank : a history of the Bank of Montreal. Toronto: McClelland and Stewart, c1966. 2 v. : ill., maps, ports., (some folded, some col). ; 25 cm. Defunct banks of Canada Economy of Quebec Companies based in Montreal Molson family Banks established in 1850 Banks disestablished in 1925 Bank of Montreal 1850 establishments in Quebec 1925 disestablishments in Quebec Canadian companies established in 1850 {{Bank-stub

History

Branches

Presidents

Gallery

See also

References