Bank of Toronto (historical context)

The Bank of Toronto was a Canadian bank established in 1855 to serve local businesses and the community. It grew steadily through the 19th and early 20th centuries, expanding its operations across Canada. In 1955, it merged with the Royal Bank of Canada, contributing to the formation of one of the country's largest financial institutions. This merger helped streamline banking services and supported economic growth nationwide. The Bank of Toronto's legacy lives on as part of the Royal Bank of Canada's history, reflecting the evolution of Canada's banking industry from regional to national scope.