Description
The Sterling Bank of Canada was incorporated in 1905 in Toronto, Ontario, headquartered at the corner of King and Bay Streets. It stood its ground whilst competing with larger and stronger institutions, remaining solvent through a series of bank failures starting in 1906 precipitated by the Ontario Bank fraud. In 1922, the Sterling Bank was the first bank to introduce a profit-sharing plan for its employees. It amalgamated with the Standard Bank of Canada in 1924 and is a part of the Canadian Imperial Bank of Commerce today.
The $10 issue of 1921 is very rare with only seven notes known to exist: two in institutional collections, and only five in private hands. This type has not been offered for sale since 2023, and only three times since 2005.
