In the panic that followed the bank's closure, the Ontario Government shored up the Dominion Bank with $1.5 million to stop a deposit run.
Born in Toronto, Ontario, at age sixteen, he went to work as a clerk at a branch of the Dominion Bank.
In this capacity, he moved to Leross, Saskatchewan in 1913 to work for the Dominion Bank.
They included Robert Henry Bethune, a noted banker with the Dominion Bank.
In 1870, Bethune took his considerable skills to the newly formed Dominion Bank in Toronto and became the cashier.
The Dominion Bank was a cautious institution, "selecting its customers carefully, serving them well, and duly prospering with them" (in the words of the official history).
In 1897, the Dominion Bank opened its first western branch in Winnipeg.
To mark its rise as a significant national institution, the Dominion Bank moved to a landmark head office at King and Yonge Street in 1879.
The Dominion Bank emerged from the war in 1945 stronger than ever, with assets more than doubled since 1939.
It incorporates the former headquarters of The Dominion Bank.