Science Fair Project Encyclopedia
Molson Bank
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 parliament of the Province of Canada. 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 in operation until 1925 when it was absorbed by the Bank of Montreal.
See also
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details