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 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 business culture that offers individualized customer service. Convenient office locations have allowed The Village Bank to increase market share. Ownership includes over 250 individuals, mostly from Washington County, Utah. The Village Bank was founded in August 1996 and is now the oldest locally owned bank in St. George. The bank is a state-chartered, independent bank that serves the financial needs primarily of the residents