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National Bank of Canada
From Wikipedia, the free encyclopedia
| National Bank of Canada | |
|---|---|
 |
|
| Type | Public company |
| Founded | Montreal, Quebec, Canada |
| Headquarters | Montreal, Quebec, Canada |
| Key people | Louis Vachon (CEO) |
| Industry | Bank |
| Products | Financial services |
| Employees |  17,000 |
| Website | http://www.nbc.ca |
National Bank of Canada (Banque Nationale du Canada) TSX: NA is the sixth largest bank in Canada, and so is one of the Big Six banks. The bank's headquarters are in Montreal, Quebec, and it has 546 branches nationwide, including 454 in Quebec. The bank also has representative offices or branches in Beirut, Havana, Hong Kong, Seoul, Paris, Nassau, and New York, and a subsidiary in Florida.
Contents |
| Personal and Commercial | Wealth Management | Financial Markets |
|---|---|---|
| • In-branch and remote payment services for individuals and businesses • Broad offering of mortgage and personal loan products for consumers • Full suite of savings and investment products sold through specialists in the branches and business offices • Banking products marketed through partnerships • Lending, deposit and cash management services for businesses • International foreign exchange, factoring and payment services • Credit cards for consumers and businesses • Point-of-sale financing • Direct sale of automobile and home insurance • Life and health insurance products • Private Banking |
• Full-service and discount brokerage • Trust and custodial services marketed through the branches such as National Bank Mutual Funds and Private Investment Management |
• Financing through equities, bonds and credit facilities • Deposit, foreign exchange and riskmanagement services to corporations, governments and institutional clients • Merger and acquisition advisory services |
- 1859: Eugène Chinic, Isodore Thibodeau, Ulric-Joseph Tessier, Olivier Robitaille, Cirice Têtu, David Dussault, Prudent Vallée and other citizens of Quebec decide to create the Banque Nationale, an institution by and for the francophone community. The legislature permits the bank to incorporate.
- 1860: Banque Nationale commences operations.
- 1924: Banque Nationale is caught up in a serious recession. It merges with Banque d'Hochelaga (est. in Montréal in 1874) to form Banque Canadienne Nationale (BCN).
- 1976: BCN establishes an agency in New York.
- 1979: BCN merges with the Provincial Bank of Canada/Banque provinciale du Canada to form the Banque Nationale du Canada (BNC; National Bank of Canada).
- 1983: The New York agency becomes a branch.
- 1985: BNC acquires Mercantile Bank of Canada from Citibank. Mercantile has an office in New York (licensed 1984), which BNC merges in.
- 1987: BNC swaps US$4 million of restructured bad loans for one-tenth of Banco Osorno y La Union, a Chilean bank.
- 1988: BNC acquired the stock brokerage firm, Lévesque, Beaubien Inc., now known as National Bank Financial
- 1993: BNC acquires the assets of General Trust of Canada (est. 1927).
- 1994: BNC establishes a US subsidiary, Natbank, with a branch in Pompano Beach in Florida. BNC also establishes a representative office in Mexico City.
- 1995: Natbank opens its second branch and a head office in Hollywood, Florida. BNC opens an office in Havana in response to the passage of a new law in Cuba authorizing foreign bank representative offices.
- 1996: BNC acquires Family Trust Corporation and The Municipal Savings & Loans Corporation, both in Ontario. Also, BNC sells its stake in Banco Osorno y la Union to Banco Santander, which acquires the bank.
- 2001: BNC acquires 17 branches in Quebec from Bank of Montreal.
The National Bank of Canada is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:
- Interac
- MasterCard International
- Cirrus Network
- The Exchange (Canada)
- NYCE point of sale Network
See also List of banks in Canada
Current members of the board of directors of the National Bank of Canada are: Lawrence Bloomberg, Pierre Bourgie, Gérard Coulombe, Bernard Cyr, Shirley Dawe, Nicole Diamond-Gélinas, Jean Douville, Marcel Dutil, Jean Gaulin, Paul Gobeil, Réal Raymond, Roseann Runte, and Marc Tellier.
| Commercial banks in Canada |  |
|---|---|
| AMEX Bank of Canada | ATB Financial | Bank of Montreal | BDC | CIBC | CTFS | Canadian Western Bank | Citibank Canada | Citizens Bank of Canada | First Nations | HSBC Bank Canada | Laurentian Bank | Manulife | National Bank | President's Choice Financial | RBC | Scotiabank | TD Canada Trust | |
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