National Bank of Canada

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The National Bank of Canada, with head offices in Montréal, is a Canadian chartered bank which commenced operations in 1979 as a result of the merger between the Banque Canadienne Nationale (founded in 1859 as the Banque National; merged 1924 with Banque d'Hochelaga and new name adopted 1925) and The Provincial Bank of Canada (founded in 1861).

In 1981 it purchased Laurentide Mortgage Corporation, which specialized in mortgage loan operations, and several active subsidiaries of Laurentide Financial Corporation. In 1986 it took over the Mercantile Bank of Canada. It also owns 67% of Levesque Beaubien Geoffrion Inc, one of Canada's largest and most influential brokerage houses.

Today, it conducts a general banking business and offers related financial services at over 600 branches and offices throughout Canada. In 1997 it had a net income of $342 million, assets of $66.2 billion and over 16 000 employees.

Author DEBORAH C. SAWYER


Links to Other Sites
Personal Investing
The lastest news on Canadian equity markets, personal investment plans, and more. From thestar.com.

Office of the Superintendent of Financial Institutions
The website for OSFI, the primary regulator of banks and other federally incorporated financial institutions in Canada. Check out "About OSFI" for background information about this independent agency of the Government of Canada.

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