Matching Articles"Bank Crash 1894" (Total 2)

  • On 10 December 1894, two of Newfoundland and Labrador's three banks closed their doors and never opened them again.
  • The building that belonged to the Commercial Bank before the crash was taken over by the Bank of Montreal in 1895. Two years later, the Savings Bank moved into the premises and remained there for 65 years.
    After the Commercial and Union Banks ceased operations, Newfoundland and Labrador entered a period of economic, social, and political chaos.