# Quebec Bank

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> Source: https://en.wikipedia.org/wiki/Quebec_Bank
> Source revision: 1357137530
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{{Short description|Canadian bank (1818–1918)}}
{{Infobox company
| logo = Quebec Bank coat of arms.png
| caption = 
| fate = Acquired by the [Royal Bank of Canada](/source/Royal_Bank_of_Canada)
| founded = {{start date |1818|7|9|df=y}}
| defunct = {{end date |1917}} <!--date it went bankrupt/merged etc.-->
| location = 110, rue Saint-Pierre
| hq_location_city = [Quebec City](/source/Quebec_City)
| industry = [Banking](/source/Banking)
}}

The '''Quebec Bank''' ({{langx|fr|Banque de Québec}}, {{IPA|fr|bɑ̃k də kebɛk|pron}}) was founded on June 9, 1818 <ref>{{cite book |title='Fitzhenry and Whiteside Book of Canadian Facts and Dates' |last=Pound |first=Richard W. |publisher=Fitzhenry and Whiteside |year=2005}}</ref> to meet a perceived need by some merchants and residents of [Quebec City](/source/Quebec_City). They wanted an alternative to the newly founded [Bank of Montreal](/source/Bank_of_Montreal) which they felt was inadequate for the needs of the province.
thumb|The 1861 head office at 110, rue Saint-Pierre in Quebec, designed by Edward Staveley
[[File:Quebec Bank, Toronto, Ontario.jpg|thumb|The 1911 Toronto office at 35 King Street West, designed by [Curry](/source/S._George_Curry) & Sparling]]
The bank was incorporated in 1822 in Quebec City and made good progress until the great revulsion of 1826–7. The first president was [John William Woolsey](/source/John_William_Woolsey). [Robert Henry Bethune](/source/Robert_Henry_Bethune) was part of the banks organization from 1864 -1870 during a time when Quebec Bank was changing the way Canadian banks lent money. The bank was predominantly in Quebec and to a lesser extent in Ontario with a few branches in western Canada when it was absorbed by the [Royal Bank of Canada](/source/Royal_Bank_of_Canada) in 1917.<ref>{{cite web|url=https://www.thecanadianencyclopedia.ca/en/article/royal-bank-of-canada |title=Royal bank of Canada |access-date=February 19, 2011 |url-status=live |archive-url=https://web.archive.org/web/20110607144606/http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0006977 |archive-date=June 7, 2011 }} Royal Bank of Canada</ref> The integration of the Quebec Bank into the Royal Bank was made effective January 1, 1918, adding 20 million dollars to the assets of the Royal Bank.<ref>{{cite news |author=<!--Staff writer(s); no by-line.--> |title=Royal Bank of Canada |url=https://pubdocs.huroncounty.ca/WebLink/3/edoc/209041/The%20Exeter%20Advocate,%201918-1-10,%20Page%207.pdf |work=The Exeter Advance |location=Exeter, Ontario |date=January 10, 1918 |access-date=September 23, 2018 |archive-date=September 24, 2018 |archive-url=https://web.archive.org/web/20180924070528/https://pubdocs.huroncounty.ca/WebLink/3/edoc/209041/The%20Exeter%20Advocate,%201918-1-10,%20Page%207.pdf |url-status=live }}</ref>
[[File:Province of Canada, 1 sous or halfpenny token, 1852.jpg|thumb|260px|Quebec Bank [token](/source/Token_coin), 1852.]]

A small reminder of the banks existence is the [Quebec Bank Building in Montreal](/source/Quebec_Bank_Building%2C_Montreal) with its name carved over the entrance. On July 27, 2018, The Quebec Bank branch in [Toronto](/source/Toronto), located at 50 King Street East, was designated under Part IV of the ''[Ontario Heritage Act](/source/Ontario_Heritage_Act)'' as being of cultural heritage value or interest.<ref>{{cite web |author=<!--Not stated--> |date=2018 |title=Heritage Property Detail, Address: 50 KING ST E |url=http://secure.toronto.ca/HeritagePreservation/details.do?folderRsn=2434325&propertyRsn=611104 |access-date=September 23, 2018 |website=City of Toronto's Heritage Property Search }}{{Dead link|date=January 2026 |bot=InternetArchiveBot }}</ref>

== References ==
{{Reflist}}
* W. Stewart WALLACE, ed., The Encyclopedia of Canada, Vol. V, Toronto, University Associates of Canada, 1948, 401p., p.&nbsp;205

== External links ==
* [http://faculty.marianopolis.edu/c.belanger/QuebecHistory/encyclopedia/QuebecBank-QuebecHistory.htm ''Quebec History'' - Quebec Bank] {{Webarchive|url=https://web.archive.org/web/20081004172932/http://faculty.marianopolis.edu/c.belanger/QuebecHistory/encyclopedia/QuebecBank-QuebecHistory.htm |date=2008-10-04 }}

{{Canadian banks}}
{{Authority control}}

Category:Defunct banks of Canada
Category:Banks established in 1818
Category:Banks disestablished in 1917
Category:1917 disestablishments in Quebec
Category:Canadian companies established in 1818

{{Canada-company-stub}}
{{Bank-stub}}

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Adapted from the Wikipedia article [Quebec Bank](https://en.wikipedia.org/wiki/Quebec_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Quebec_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.