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The
Dominion Bank emerged from the war in 1945 stronger than ever, with assets more than doubled since 1939. With the post-war boom, they became more active in business lending and in the penetration of new markets. However, they quickly realized that the costs of expansion and competition with much
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in
Toronto, Ontario. They were dedicated to creating a new institution “conducive to the general prosperity of that section of the country.” The Dominion Bank was a cautious institution, “selecting its customers carefully, serving them well, and duly prospering with them” (in the words of the
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larger rivals made their objectives difficult to realize. The bank had engaged in acquisitions or mergers in order to grow, but determined that a union with a bank of equal size would place it in a much stronger position to take advantage of the opportunities of the post-war economy.
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With the maturing of the
Canadian economy and the opening of northern Ontario and the West in 1880s and 1890s, the banks became more aggressive in loans to resource industries, utilities, and manufacturing. In 1897, the Dominion Bank opened its first western branch in
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On
November 1, 1954, Canada's minister of finance announced that the amalgamation was accepted, and shareholders were asked for their approval. This was forthcoming in December, and on February 1, 1955, the Bank of Toronto and the Dominion Bank became the
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Except for some contraction in the western provinces due to drought, the decade following the war was one of expansion and increasing profitability due to resource development and industrial expansion. Both banks weathered the storm of
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The
Dominion Bank's charter received royal assent on 22 June 1869. In 1871, the Dominion Bank was launched by entrepreneurs and professionals under the leadership of
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The
Dominion (Toronto-Dominion) Bank building in Calgary, Alberta, built in 1911, is on the Registry of Historical Places of Canada. The Dominion Bank Building in
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official history). It too created a network of branches, and in 1872 became the first
Canadian bank to have two branches in one city – Toronto.
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in the 1930s without great difficulty, despite a decline in earnings. Like all
Canadian banks, they endured criticism of its
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To mark its rise as a significant national institution, the
Dominion Bank moved to a landmark head office at King and
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and the
Dominion Bank, and by the end of the year, an amalgamation agreement was reached. In their brief to the
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marketed to the general public. Half the staff of the bank served in the armed forces.
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The bank's headquarters in Toronto used from 1879–1913, designed by
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164:. It served as the bank's headquarters from 1914 to 1955.
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TD Bank Financial Group: Celebrating a rich history
160:The Dominion Bank Building in Toronto, designed by
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365:was the architect for the Dominion Bank (and the
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129:. On February 1, 1955, it merged with the
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494:"TD Historical Timeline"
476:"TD Historical Timeline"
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737:Manulife Bank of Canada
717:Exchange Bank of Canada
513:. Retrieved 2013-11-11
16:Canadian bank 1869–1955
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685:Bank of China (Canada)
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511:Dominion Bank building
414:List of Canadian banks
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54:22 June 1869
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806:Federal credit unions
695:Canadian Western Bank
654:Toronto-Dominion Bank
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324:Robert Rae, 1948–1955
313:Albert William Austin
301:Sir Edmund Boyd Osler
272:Toronto-Dominion Bank
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419:One King Street West
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315:, 1925–1932
309:, 1924–1925
303:, 1901–1924
297:, 1897–1901
291:, 1871–1897
174:King Street
1110:Categories
856:First West
818:Innovation
642:Scotiabank
498:www.td.com
480:www.td.com
430:References
278:Leadership
73:1955-01-31
58:1869-06-22
939:Steinbach
767:VersaBank
742:Motusbank
647:Tangerine
283:President
244:rationing
201:war bonds
192:in 1879.
92:Successor
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919:Cambrian
909:Affinity
897:Prairies
883:Prospera
607:Big Five
392:See also
183:Winnipeg
41:Industry
924:Conexus
888:Vancity
141:History
110:Ontario
106:Toronto
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