The Bank of Alberta was a bank based in Edmonton, Alberta, Canada from 1984 to 1988.
[1] It was formed during the early 1980s recession in Canada, a challenging economic environment that pushed many competitors to rein in their activities in key western markets.
[1] As a result, the bank ultimately had a significant impact on the evolution of modern banking in Western Canada.
[2] When the bank commenced operations in 1984 it was led by Canadian Business Hall of Fame member Dr. Charles Allard[1][3] and Eugene Pechet,[1][3][4] starting with three employees working out of a boardroom located in one of Pechet's hotels in Edmonton, Alberta.
[4] The Government of Alberta supported the newly formed Bank of Alberta by investing in 5% of its shares.