Crédit foncier franco-canadien
| Industry | Financial services |
|---|---|
| Founded | 24 July 1880 |
| Defunct | 31 December 1986 |
| Fate | Acquired by the Montreal Trust Company |
| Headquarters | 612, rue Saint-Jacques, |
The Crédit foncier franco-canadien was a Canadian trust and loan company that existed from 1880 to 1986.
The company was incorporated in Quebec on 24 July 1880 by the Act to incorporate the Credit Foncier-Franco Canadien.[1] The sponsors of the incorporation were Raphaël Maximillien Cahen d'Anvers of Paris, Edmond Jean Joubert of Paris, Charles Louis Sautter of Paris, Étienne Moranges of Versailles, Joseph-Adolphe Chapleau of Montreal, Étienne-Théodore Pâquet of Quebec City, Jonathan Saxton Campbell Würtele of Montreal, and Louis-Napoléan Carrier of Lévis. Joubert and Sautter both were officers of the Banque de Paris et des Pays-Bas.[2]
In May 1986, Montreal Trust acquired Crédit foncier from the Montreal City and District Savings Bank for $130 million. The acquisition made Montreal Trust the country's fourth largest trust company after Canada Trust, Royal Trust, and National Trust.[3] Effective 1 January 1987, Crédit foncier merged into Montreal Trust, bringing and end to the corporation after 106 years.[4]
Gallery of branches
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Regina
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Montreal
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Vancouver
References
- ^ An Act to Incorporate the Crédit Foncier Franco-Canadien, (SQ, 43-44 Victoria, 1880), cap. 60.
- ^ Samir Saul, "Conjonctures, adaptation et croissance : le Crédit foncier franco-canadien," Histoire, économie et société, (vol. 5 no. 3, 1986), 427.
- ^ "Foncier deal places trust in No. 4 spot," Toronto Star, (19 May 1986), B8.
- ^ "Company news: Montreal Trust," Globe and Mail, (6 January 1987), B4.