1 Dollar / Piastre

The Farmers Bank of Rustico on Prince Edward Island was one of the smallest and most short-lived chartered banks in Canadian history, operating from 1863 until its failure in 1894. Founded to serve the francophone Acadian farming community around Rustico, it was backed largely by parish savings and the organizing efforts of Father Georges-Antoine Belcourt — an arrangement unusual enough that it attracted contemporary attention as a model of rural cooperative finance, decades before credit unions were formally legislated in Canada.

The dual ABNC/BABNC printer credit reflects a transitional period when the American Bank Note Company's Montreal affiliate was being established; attributing production precisely between the two entities for this series is genuinely difficult. P#S1774 is among the rarer surviving examples of PEI private bank paper.