|
The Molson Bank (sometimes labeled Molsons Bank) was a Canadian bank founded in Montreal, Quebec by brothers William (1793-1875) and John Molson, Jr. (1787-1860), the sons of brewery magnate, John Molson.
In 1850, it was constituted under the "Free Banking Act" passed by the Canadian Parliament. To increase its powers and its revenue, the bank was incorporated in 1855 and granted a charter allowing it to operate its bank in the same way as other banks. With its Head Office at the corner of St. Jacques & St. Pierre Streets, it continued to be in operation until 1925 when it was absorbed by the Bank of Montreal.
See also: List of Canadian banks
|
