Bank of the People Montreal in 1840. Until 1835, every bank in Upper Canada required a legislated charter which established it as a legal person able to sue, and be sued at law. Only two Banks had been chartered: the Bank of Upper Canada and the Commercial Bank of the Midland District. Both banks were controlled by the "Family Compact" who used their control of the currency supply and credit to control trade and ultimately, the farmers. They had a "licensed monopoly" to print paper money, which reduced competition. In 1835, Dr Charles Duncombe, a Reform politician in the Legislative Assembly, was part of
The Village Bank George. on March 1, 2014, The Village Bank completed a merger with Cache Valley Bank. The bank was severely affected with the recession. The bank’s capital was depleted to an unacceptable level under the FDIC written guidelines. The sale reduces the size and overhead of the bank, as well as strengthens the bank’s capital position. The combination makes The Village Bank a stronger bank. The Village Bank Village Bancorporation is a locally owned and managed bank holding company headquartered Saint George, Utah, USA which operates a wholly owned subsidiary, The Village Bank. The Village Bank's strategy is to provide a