Royal Bank of Canada

Founded in 1864 as the Merchants Bank of Halifax, In 1901, changed its name to the Royal Bank of Canada (RBC). In 1910, RBC merged with the Union Bank of Halifax. Further mergers included the Traders Bank of Canada in 1912 and in 1917 Quebec Bank. Acquired the Northern Crown Bank of Winnipeg in 1918. RBC’s presence in the Canadian Prairie was further expanded by the 1925 merger with the Union Bank of Canada, which had begun in Quebec City in 1865 as the Union Bank of Lower Canada, but changed its name in 1886. The Union Bank of Canada had moved its headquarters to Winnipeg in 1912, and had built a strong presence in the Prairies. In 1993 RBC also bought the Royal Trust Company.