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Royal Bank of Canada |
 | | As the bank expanded throughout the decade that followed, its directors realized that the name needed to be changed to truly reflect the geographic reach and strategy of the institution and also in an effort to distinguish the bank's name from that of the Merchants Bank of Canada. |
 | | Domestically, it acquired the operations of the Union Bank of Halifax, Traders Bank of Canada, Québec Bank, the Union Bank of Canada, and the Northern Crown Bank. |
 | | In short, banks could respond better to the needs of their clients and the conditions in the market, thus finally being able to catch up to trust and mortgage companies, finance companies, and credit unions, which were not subject to the same restrictions. |
| www.thecanadianencyclopedia.com /index.cfm?PgNm=TCE&Params=A1SEC827420 (964 words) |
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