Bank of Nova Scotia



         


The Bank of Nova Scotia, also known as Scotiabank, is one of Canada's Big Six banks.

In 1837, the Bank launched its branch banking system by opening in Windsor, Nova Scotia. The expansion was limited to the Maritime Provinces until 1882, when the Bank moved west by opening a branch in Winnipeg, Manitoba. The Manitoba branch later closed, however, the experience of doing business in a grain-town encouraged the Bank to expand into the American Midwest, including Minneapolis and Chicago.

By 1900, The Bank of Nova Scotia had opened 38 branches across Canada, the United States and Jamaica. In Canada, the Bank was represented in all of the Maritime Provinces, Quebec, Ontario and Manitoba. The Bank of Nova Scotia was the first Canadian bank to establish in Newfoundland -- 55 years before it joined Confederation.

The Bank has amalgamated with several other Canadian financial institutions through the years:


Bank Year established Year of amalgamation
Union Bank of PEI
1864
<center>1883
Summerside Bank <center>? <center> 1901
The Bank of New Brunswick <center>1820 <center>1913
The Metropolitan Bank <center>1902 <center>1914
The Bank of Ottawa <center>1874 <center>1919
Montreal Trust <center>1889 <center>1994
National Trust <center>? <center>1997


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