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1 Dollar Bank of St. Thomas
| Issuer | Bank of St. Thomas |
|---|---|
| Year | 1889 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
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| Protection type | Watermark |
| Protection description | Bank title and denomination watermark. |
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| Comments |
The Bank of St. Thomas was a short-lived Canadian chartered bank operating out of St. Thomas, Ontario — not the Caribbean island the name inevitably suggests to collectors unfamiliar with the issuer. Chartered in 1884, the bank collapsed in 1892, making this 1889 note a product of its final operational years. The American Bank Note Company handled production for numerous Canadian chartered banks during this period, and the quality of engraving is consistent with their better commercial work of the 1880s.
The bank's failure left redemption incomplete, and unredeemed notes from this series have surfaced in collector hands ever since.