[1] In 1850, it was constituted under the Free Banking Act passed by the parliament of the Province of Canada.

With its head office at the corner of St. James & St. Peter streets (today known as Saint-Jacques and Saint-Pierre streets) in Montreal, it continued in operation until 1925 when it merged with the Bank of Montreal.

The bank operated 125 branches primarily in Quebec and Ontario.

[3] The Bank of Montreal at 3 King Street South, Waterloo, Ontario, is a former branch of the Molson Bank that was built in 1914 and is on the Registry of Historical Places of Canada.

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