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In 1837, the Bank launched its branch banking system by opening in Windsor, Nova Scotia. The expansion was limited to the Maritime Provinces until 1882, when the Bank moved west by opening a branch in Winnipeg, Manitoba. The Manitoba branch later closed, however, the experience of doing business in a grain-town encouraged the Bank to expand into the American Midwest, including Minneapolis and Chicago.
By 1900, The Bank of Nova Scotia had opened 38 branches across Canada, the United States and Jamaica. In Canada, the Bank was represented in all of the Maritime Provinces, Quebec, Ontario and Manitoba. The Bank of Nova Scotia was the first Canadian bank to establish in Newfoundland -- 55 years before it joined Confederation.
The Bank has amalgamated with several other Canadian financial institutions through the years:
| Bank | Year established | Year of amalgamation |
|---|---|---|
| Union Bank of PEI | ||
| Summerside Bank | ||
| The Bank of New Brunswick | ||
| The Metropolitan Bank | ||
| The Bank of Ottawa | ||
| Montreal Trust | ||
| National Trust |
Scotia Plaza, Aerial shot, early afternoon, Toronto, Ontario, Canada
Today, Scotiabank services over 10 million customers and has over 286 billion dollars in assets. The bank employs over 49,000 employees all over the globe including Europe, Asia, Latin America and the Caribbean. Scotiabank is considered to be Canada's most international bank with over 2000 braches in 50 countries.
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