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
Bank of the West purchase of Atlantic Financial Federal Savings Bank from the Resolution Trust Corporation; the 1993 purchase of 15 branches in northern California from Citibank for $360 million; the 1995 purchase of NorthBay Savings Bank, headquartered in Petaluma, California; and the 1997 purchase of branches from Bank of America and Coast Federal Bank. In 1995, First Hawaiian Bank established Pacific One Bank to hold 30 branches in Washington, Oregon, and Idaho that it acquired from West One Bank when that bank was acquired by U.S. Bancorp and had to divest certain assets, due to the number of preexisting branches of U.S. Bank