Richard Higgins was president and David Matthews was general manager.
By September 1975, the bank had 23 branches in Quebec, Ontario, British Columbia and Alberta.
The Bank of Canada advanced funds to provide liquidity support over a three-month period.
Historically, very few chartered banks in Canada have experienced liquidity crises.
[2] Journalist Walter Stewart alluded to Unity Bank's troubled history in a 1983 speech to the Empire Club: In our own day, the Unity Bank of Canada flowered and withered in the early 1970s under the direction of one Richard Higgins, a man who was a) very charming, b) very smart, and c) very crooked.