Mercantile Bank of India, London and China
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This article is about the historic British bank which was acquired by HSBC in 1959. For other banks with similar names, see Mercantile Bank (disambiguation).
The Mercantile Bank of India, London and China, later Mercantile Bank Ltd (Chinese: 有利銀行), was an Anglo-Indian bank with business focus in the Far East. It was founded in Bombay in 1853 as the Mercantile Bank of Bombay; and later in 1857 was renamed to Mercantile Bank of India, London, and China with London as its headquarters.
Quick Facts Industry, Predecessor ...
Industry | Financial services |
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Predecessor | Mercantile Bank of Bombay (1853) Mercantile Bank of India, London, and China (1857) Mercantile Bank of India, Ltd (1893) |
Founded | 1853 |
Fate | Acquired by HSBC 1959 Acquired by Citibank 1984 Acquired by the Bank of Tokyo-Mitsubishi, Ltd. 1987 |
Headquarters | Bombay (1853) London (1858) |
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By 1959, through a series of mergers and divisions, its name had been shortened to 'Mercantile Bank, Ltd', and was acquired by HSBC the same year. The bank was an issuer of Hong Kong bank notes until 1974.