Molson Bank: Meaning (information, definition, explanation, facts)

The Molson Bank existed between 1869 and 1924. 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. It continued to be in operation until 1925. It was then absorbed by the Bank of Montreal.

See also: List of Canadian banks