World Library  
Flag as Inappropriate
Email this Article

Canadian Commercial Bank

Article Id: WHEBN0000912902
Reproduction Date:

Title: Canadian Commercial Bank  
Author: World Heritage Encyclopedia
Language: English
Subject: History of Alberta, Bell Tower (building), List of banks and credit unions in Canada, Edmonton
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Canadian Commercial Bank

Canadian Commercial Bank
Location: Edmonton, Alberta, Canada
First CEO, co-founder: G.Howard Eaton
Existed: 1976-1985
bank failed and ceased operations on September 3, 1985

The Canadian Commercial Bank was an Edmonton, Alberta-based Canadian bank. It received its parliamentary charter in 1975 and established its head office in Edmonton.[1] The bank was privately owned and operated as a wholesale commercial bank. It officially began operations in July 1976, with CDN$22 million of capital. From 1976-1982, it operated profitably—usually in the top quartile of Canadian banking. It built a new headquarters in Edmonton, the Canadian Commercial Bank Tower in 1982. The bank failed and ceased operations on September 3, 1985. It was the largest bank failure in Canadian history and the first in Canada in 60 years.

See also: List of banks in Canada, Canada Deposit Insurance Corporation

References

  1. ^ http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0001272 Canadian Commercial Bank (CCB)
  • Canadian Commercial Bank Financial Assistance Act [1985, c. 9]


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.