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
TMB Bank Banking Act B.E. 2488 (1945). The bank started in 1957, but only opened its first branch, Rajaprasong Branch, in Bangkok in 1963. In 1973 it became a full commercial bank with the general public as its customer base. It adopted the slogan, "Thai Military Bank, the Bank for all people". In 2005, TMB adopted the new official name in English, "TMB Bank Public Company Limited", the present-day corporate logo, and a new slogan, "Better Partner, Better Value". TMB has adopted "Make THE Difference" as its corporate philosophy. "Make THE Difference" concept grounds on TMB's confidence that everyone has the caliber