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- Farmers_Bank_of_Rustico abstract "The Farmers' Bank of Rustico operated in the village of South Rustico, Prince Edward Island, from 1864 to 1894. It is often considered to have been the first community-based bank in Canada. Founded and managed under the leadership of Father Georges-Antoine Belcourt (1803-1874), the Farmer's Bank of Rustico was established on April 21, 1863.The bank received Royal Assent for its act of incorporation at the Court of Windsor on April 7, 1864.\" The first president was farmer Jerome Doiron, and the first cashier was Marinus Blanchard, a local school teacher. The Farmers' Bank \"was the precursor of the North American credit union movement through its influence upon the pioneer credit union organizer, Alphonse Desjardins of Quebec.\" Like the later credit unions, the Farmers' Bank accepted deposits and provided loans, primarily for less than 1 year. It showed that villagers could successfully operate a financial institution without the assistance of banking experts. However, there are also important differences. The Bank issued its own currency and kept its working funds in specie. But it never built up a substantial reserve fund—preferring to return most of its annual profits to shareholders as dividends. The Farmers' Bank was also one of the earliest manifestations of a strong movement of Acadian economic self-determination. Belcourt's innovative ideas also gave rise to dozens of seed grain banks in Acadian communities in the 1860s, including one in Egmont Bay that was a precursor to the later co-operative movement in the Evangeline region of the Island. The Bank also anticipated Mouvement des caisses populaires acadiennes, a 200,000 member network of credit unions in New Brunswick. As such, it played an important role in the development of the Acadian community in the Maritimes. In the view of MacDonald, \"the steady availability of cheap credit for thirty years enabled the predominantly Acadian community to attain economic independence.\" However, the Canadian Bank Act of 1871 did not envision such small financial institutions, and the Farmers' Bank wound up its operations when its charter was not renewed in 1894.".
- Farmers_Bank_of_Rustico thumbnail Banque_des_fermiers_de_Rustico.jpg?width=300.
- Farmers_Bank_of_Rustico wikiPageExternalLink en.
- Farmers_Bank_of_Rustico wikiPageExternalLink www.farmersbank.ca.
- Farmers_Bank_of_Rustico wikiPageID "11210033".
- Farmers_Bank_of_Rustico wikiPageLength "4927".
- Farmers_Bank_of_Rustico wikiPageOutDegree "29".
- Farmers_Bank_of_Rustico wikiPageRevisionID "694184600".
- Farmers_Bank_of_Rustico wikiPageWikiLink Acadians.
- Farmers_Bank_of_Rustico wikiPageWikiLink Alphonse_Desjardins_(co-operator).
- Farmers_Bank_of_Rustico wikiPageWikiLink Bank_Act.
- Farmers_Bank_of_Rustico wikiPageWikiLink Canada.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:1864_establishments_in_Canada.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:1894_disestablishments_in_Canada.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Acadia.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Banks_established_in_1864.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Buildings_and_structures_in_Queens_County,_Prince_Edward_Island.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Companies_based_in_Prince_Edward_Island.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Companies_disestablished_in_1894.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Cooperatives_in_Canada.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Defunct_banks_of_Canada.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:History_museums_in_Canada.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Microfinance_organizations.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Museums_in_Prince_Edward_Island.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:National_Historic_Sites_in_Prince_Edward_Island.
- Farmers_Bank_of_Rustico wikiPageWikiLink Category:Rural_community_development.
- Farmers_Bank_of_Rustico wikiPageWikiLink Credit_union.
- Farmers_Bank_of_Rustico wikiPageWikiLink Egmont,_British_Columbia.
- Farmers_Bank_of_Rustico wikiPageWikiLink Evangeline.
- Farmers_Bank_of_Rustico wikiPageWikiLink Georges-Antoine_Belcourt.
- Farmers_Bank_of_Rustico wikiPageWikiLink Lot_24,_Prince_Edward_Island.
- Farmers_Bank_of_Rustico wikiPageWikiLink Mouvement_des_caisses_populaires_acadiennes.
- Farmers_Bank_of_Rustico wikiPageWikiLink National_Historic_Sites_of_Canada.
- Farmers_Bank_of_Rustico wikiPageWikiLink Prince_Edward_Island.
- Farmers_Bank_of_Rustico wikiPageWikiLink File:Banque_des_fermiers_de_Rustico.jpg.
- Farmers_Bank_of_Rustico wikiPageWikiLinkText "Farmers' Bank of Rustico".
- Farmers_Bank_of_Rustico wikiPageUsesTemplate Template:Acadia.
- Farmers_Bank_of_Rustico wikiPageUsesTemplate Template:Canadian_banks.
- Farmers_Bank_of_Rustico wikiPageUsesTemplate Template:Commons.
- Farmers_Bank_of_Rustico wikiPageUsesTemplate Template:NHSC.
- Farmers_Bank_of_Rustico wikiPageUsesTemplate Template:Reflist.
- Farmers_Bank_of_Rustico subject Category:1864_establishments_in_Canada.
- Farmers_Bank_of_Rustico subject Category:1894_disestablishments_in_Canada.
- Farmers_Bank_of_Rustico subject Category:Acadia.
- Farmers_Bank_of_Rustico subject Category:Banks_established_in_1864.
- Farmers_Bank_of_Rustico subject Category:Buildings_and_structures_in_Queens_County,_Prince_Edward_Island.
- Farmers_Bank_of_Rustico subject Category:Companies_based_in_Prince_Edward_Island.
- Farmers_Bank_of_Rustico subject Category:Companies_disestablished_in_1894.
- Farmers_Bank_of_Rustico subject Category:Cooperatives_in_Canada.
- Farmers_Bank_of_Rustico subject Category:Defunct_banks_of_Canada.
- Farmers_Bank_of_Rustico subject Category:History_museums_in_Canada.
- Farmers_Bank_of_Rustico subject Category:Microfinance_organizations.
- Farmers_Bank_of_Rustico subject Category:Museums_in_Prince_Edward_Island.
- Farmers_Bank_of_Rustico subject Category:National_Historic_Sites_in_Prince_Edward_Island.
- Farmers_Bank_of_Rustico subject Category:Rural_community_development.
- Farmers_Bank_of_Rustico type Bank.
- Farmers_Bank_of_Rustico type Company.
- Farmers_Bank_of_Rustico type Attraction.
- Farmers_Bank_of_Rustico type Bank.
- Farmers_Bank_of_Rustico type Company.
- Farmers_Bank_of_Rustico type Disestablishment.
- Farmers_Bank_of_Rustico type Organization.
- Farmers_Bank_of_Rustico type Site.
- Farmers_Bank_of_Rustico type Organization.
- Farmers_Bank_of_Rustico comment "The Farmers' Bank of Rustico operated in the village of South Rustico, Prince Edward Island, from 1864 to 1894. It is often considered to have been the first community-based bank in Canada.".
- Farmers_Bank_of_Rustico label "Farmers' Bank of Rustico".
- Farmers_Bank_of_Rustico sameAs Q2883371.
- Farmers_Bank_of_Rustico sameAs Banque_des_fermiers_de_Rustico.
- Farmers_Bank_of_Rustico sameAs m.02r3s2l.
- Farmers_Bank_of_Rustico sameAs Q2883371.
- Farmers_Bank_of_Rustico wasDerivedFrom Farmers_Bank_of_Rustico?oldid=694184600.
- Farmers_Bank_of_Rustico depiction Banque_des_fermiers_de_Rustico.jpg.
- Farmers_Bank_of_Rustico isPrimaryTopicOf Farmers_Bank_of_Rustico.