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
TrustCo Bank TrustCo Bank Trustco Bank (abbreviation of TrustCo Bank Corp. NY) is a commercial bank within the United States. Trustco was founded in Schenectady, New York in 1902 and is now headquartered in Glenville, NY. Trustco has 145 branches spread among New York, Florida, Massachusetts, New Jersey, and Vermont. Trustco Bank is an Equal Housing Lender and an Insured member of the Federal Deposit Insurance Corporation. The company operates under the slogan, "Your Home Town Bank." The bank provide general commercial banking services to individuals, partnerships, corporations and governments of New York, Florida, Massachusetts, New Jersey and Vermont. The Group provides