1818: First agency in the U.S.

The young Montreal Bank established its first agency in the United States in 1818. In 1859, the population of New York had swelled to 800,000. That year, a rail link between Montreal and New York was completed, and the bank established a permanent office in Manhattan’s bustling financial district. This was 41 years after the bank had established an agency there, and marked the first permanent office of any Canadian bank in the U.S.

The one-room office was located at 23 William Street. It was so cramped, the bank soon moved a few blocks to 32 Pine Street, a stone’s throw from Wall and Nassau, the crossroads of American finance.


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