XPost: rec.arts.sf.written, rec.arts.books   
   From: gossg@gossg.org   
      
   The Horny Goat  wrote:   
      
   >On Mon, 12 Aug 2013 08:10:12 -0600, Greg Goss  wrote:   
      
   >>I just browsed the bank history in wikipedia.  ...   
   >>... a bank that by 1872 was already a quarter century old.   
   >   
   >Bank of Montreal goes back to 1819 (I've got one near my work and it's   
   >on the stonework) w hile both the Bank of Toronto and the Dominion   
   >Bank go back to the 19th century and merged to make TD in the early   
   >1960s.   
      
   19th century?  Was that a typo?   
      
   Bank of Montreal makes a big deal of their trademark "First Canadian   
   Bank" in the early 19th century.  Wikipedia claims 1855 for Toronto   
   Bank and 1871 for Dominion Bank.   
      
   >Canadian banks have always been more centralized than in the US which   
   >has been a big advantage in modern times as they are federally   
   >regulated (i.e. not by the province or state) and in the era of   
   >electronic banking (which in Canada started roughly 1979-80) has   
   >helped.   
      
   When I was going to UBC in 1977, the Bank of Montreal in the student   
   center had two ATMs using the 724 trademark.  I was frustrated when   
   the credit union I joined in 1979 only supported 7AM to 11 PM on their   
   ATMs.  So the start of electronic banking (if you mean ATMs in that   
   class) was earlier than 1979.   
      
   >TD has expanded bigtime into the US (mostly on the east coast) after   
   >2008 to the extent it now has more US branches than in Canada.   
      
   That's an interesting statistic.  I have Scotiabank in my retirement   
   savings, and they make their big plays into hispanic and east-asian   
   markets.  I wonder if their branch counts show a similar foreign   
   dominance.   
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