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Canal Bank of Louisiana

The Canal Bank of Louisiana has actually gone by a number of names over the years. Like many other businesses from the same period, this was the result of many mergers and acquisitions. While the Canal Bank of Louisiana may be long gone, the bank notes from it can be found and are quite appealing to some collectors. They represent an era when U.S Paper Currency was entirely different.

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Canal Bank History

The history of this company can be traced back to 1831. It became known as the Canal Bank of New Orleans in late 1895. This bank would change its name slightly about 5 more times before eventually closing in the early 1930s. It was an institution of significant size and it absorbed quite a number of other banks before its end.

Canal Bank Products

When the Canal Bank was founded in the early 1830s, it was common for banks to issue their own paper currency. It wasn’t until after the Civil War that the US bureau of engraving and printingbegan printing bank notes for the nation.

The obsolete bank notes that were issued by Canal Bank over the years have become quite appealing to collectors. While some uncut sheets of Canal Bank notes are said to exist, they are effectively impossible to find. Obsolete bank notes issued by Canal Bank can still be found today. Like classic coins, condition can vary widely from piece to piece due to a number of age related factors.