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Bank of Commerce

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0051.0315
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BANKS CONSOLIDATED

            The Bank of British Columbia has been absorbed by the Canadian Bank of Commerce.

            A meeting of the shareholders of the Bank of Commerce will be held August 20 to ratify the transaction.  This is one of the biggest financial deals ever put through in the Dominion of Canada.  The combined banks will form an enormously strong monetary institution with a capital of eight million dollars and a rest of over $2,000,000.  The authorized capital of the Canadian Bank of Commerce is $6,000,000.  The reserve fund or rest of the Canadian Bank of Commerce was given in the last government bank returns as $1,250,000, and the rest of the Bank of British Columbia as $500,000.

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Title: Bank of Commerce
Internal ID: 0051.0315
Medium: Newspaper
Date: July 19th 1900
Collection: 0051
City: Cranbrook, BC
Publisher: Cranbrook Herald
Pages: 2
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Description:
Article reporting the Canadian Bank of Commerce absorbed the Bank of British Columbia, making it one of the biggest financial deals in the Dominion of Canada.
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This resource may be protected by copyright law and may not be reproduced in whole or in part without the written permission of the Columbia Basin Institute of Regional History. None of this data may be used to train artificial intelligence.
Explore this collection:
More From 0051
0051.0001
Kootenay Gold Report
0051.0002
Good News From Kootenais
0051.0003
The Kootenais Mines
0051.0004
The Kootenais Mines
0051.0005
The New Mining Region
0051.0006
First Party for Kootanais
0051.0007
News from the Kootenais and Shuswap Mines
0051.0008
The Kootanais Mines
0051.0009
Kootanais Mines
0051.0010
The Kootanais Mines
0051.0011
Kootanais Mine Reports
0051.0012
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