Banque Canadienne Nationale

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The Banque Canadienne Nationale ({{#invoke:IPA|main}}; Template:Lit) was a Canadian bank that existed from 1873 to 1979. The bank was founded in Montreal in 1873 as the Banque d'Hochelaga and began operations the following year. In 1924, the bank renamed itself the Banque Canadienne Nationale after it took over the Banque nationale. In 1979, it merged with the Provincial Bank of Canada to form the National Bank of Canada.<ref>Template:Cite book</ref>

History

File:Le 500 Place d-Armes 10.JPG

The bank's 1965 headquarters on Place d'Armes in Montreal, designed by David, Barott & Boulva.

In 1859, several prominent Quebecers founded the Banque Nationale in Quebec City as a banking institution controlled by French-speaking businessmen.<ref name="Lebel1997">Jean-Marie Lebel. Le Vieux-Québec: guide du promeneur. Les éditions du Septentrion; 1997. Template:ISBN. p. 72–.</ref>

In 1924, the Banque Nationale, which was struggling financially while caught-up in a serious recession,<ref name="PratteKay2016">Legacy: How French Canadians Shaped North America. McClelland & Stewart; 8 November 2016. Template:ISBN. p. 86–.</ref> merged with the Banque d'Hochelaga (founded in Montreal in 1874) to create the Banque Canadienne Nationale (BCN, Canadian National Bank).<ref name=sawyer>Template:Cite book</ref><ref name="LebelRoy2000">Québec, 1900-2000: le siècle d'une capitale. Éditions MultiMondes; 2000. Template:ISBN. p. 79–.</ref> The Quebec provincial government, under Alexandre Taschereau, issued $15 million in bonds to facilitate the merger.<ref name="nationaleBélanger1994">Les grands débats parlementaires, 1792-1992. Presses Université Laval; 1994. Template:ISBN. p. 292–.</ref>

Like the other Canadian chartered banks, BCN issued its own paper currency until the Bank of Canada Act of 1934 created the Bank of Canada and it relinquished this right.

In 1968, Banque Canadienne Nationale was one of the four original banks to form CHARGEX Ltd. through a licence from BankAmericard, providing Canada with its first interbank credit card.<ref name="Hickey2013">Sean Hickey. Confessions of an International Banker. Trafford Publishing; 8 March 2013. Template:ISBN. p. 46–.</ref>

In 1979, Banque Canadienne Nationale and the Provincial Bank of Canada (Banque provinciale du Canada), another Quebec-based bank, joined to form the National Bank of Canada.<ref name=sawyer/><ref name="BothwellDrummond1989">Canada Since 1945: Power, Politics, and Provincialism. University of Toronto Press; 1989. Template:ISBN. p. 299–.</ref>

Leadership

President

1. Louis Tourville, 1874–1878
2. François-Xavier Saint-Charles, 1878–1900
3. Jean-Damien Rolland, 1900–1912
4. Janvier-Arthur Vaillancourt, 1912–1928
5. Frédéric-Liguori Béique, 1928–1933
6. Joseph-Marcellin Wilson, 1933–1934
7. Jean-Baptiste-Beaudry Leman, 1934–1947
8. Charles-Edouard Gravel, 1947–1950
9. Charles St-Pierre, 1950–1960
10. Ulric Roberge, 1960–1964
11. Louis Hébert, 1964–1974
12. Germain Perreault, 1974–1979

Chairman of the Board

1. Wilfrid Gagnon, 20 January 1961 – 10 June 1963
2. François-Philippe Brais, 1964–1968
3. Louis Hébert, 1968–1978
4. Germain Perreault, 1978–1979

See also

• List of Canadian banks
• 500 Place D'Armes

References

• Banque canadienne nationale, 1874-1974: cent ans d'histoire. Banque Canadienne Nationale; 1974.