[4] That July, the bank purchased a building in Sherbrooke, which was remodelled before occupation.

[5] That September, the bank opened for business[6] at the Sherbrooke head office[7] and Waterloo branch.

A prerequisite for the opening of a new branch was for the local populace to subscribe to shares in the bank.

The latter again tried in late 1911 and this time achieved its goal[19] of securing a strong position in Quebec.

The Eastern Townships Bank understood that rejecting the offer and building its own competitive nationwide network would have required a considerable amount of fresh capital.