Oscar Lundquist and family came to Canada from Minnesota in 1898 and settled in Estevan.

It is not known what happened before 1903 but then the Lundquist & Sons show up as bankers. The gazetteer lists - LUNDQUIST & SONS - private bankers in 1904, 1905 and 1906. Also R.G.Dun lists the private bank of Lundquist & Sons in 1906.

In 1904 the Lundquists built the Estevan Roller Mills, a flour mill that was operated by Adolphus Eveden.

This 1906 letterhead shows - LUNDQUIST & SONS, BANKERS and that the company is not incorporated. A general banking business transacted. It shows -
P. N. LUNDQUIST - President
Wm. LUNDQUIST - Vice-President
LYN LUNDQUIST - General Manager
O. J. LUNDQUIST - Secretary & Cashier

On June 1st, 1905; a Memorandum of Association was presented to the Registrar at Regina for the ESTEVAN MILLING COMPANY with head office at Estevan.
P. N. Lundquist, Estevan, banker - President (80 shares)
O. J. Lundquist, Estevan, banker - Vice-President & Treasurer (40 shares)
Lyn Lundquist, Estevan - Secretary & Manager (40 shares)

The Summary of Capital & Shares statement on March 12, 1906 of the Estevan Milling Company shows - Oscar J. Lundquist, Estevan - Ex-Banker

The Bank of British North America came to Estevan on September 16th , 1903 and it appears that this bank purchased the business of Lundquist & Sons, Bankers late in 1905 or early in 1906.

The Estevan Milling Company was struck off the records on May 13th, 1912.

(Page 126) MACOUN - MACOUN SECURITY BANK

This bank is listed in the directories from 1905 to 1912 but with no papers of that area to view. I have been unable to come up with an ad or other confirmation of it's existence. However, it did operate as it is mentioned in the Macoun history book - Sixtieth Anniversary. Here it states that A.A. Dahlstrom was the manager of the private bank and they also had an elevator. Their dates state the bank was in operation from 1904 to 1906. (Page 127) TRIBUNE - ESTEVAN SECURITY BANK

This bank is listed in the 1915 directory and the book "History of Tribune" states - "Estevan Security opened a bank which was managed by Les Thompson but it closed two years after it started". While Tribune did have a paper, the Herald, none of the earlier issues are in the Archives. (Page 131)

The Bank of British North America was started in 1836 with head office at Montreal, Quebec. Their first issue of bank notes was in 1846 and the last issue was in 1911. Their bank notes were issued in the denominations of $1.00; $2.00; $4.00; $5.00; $10.00; $20.00; $50.00 and $100.00.

The Bank of British North America opened their first branch in the Territories on Februsary 10th, 1903 at Battleford with F. J. Dixon as manager. In 1905 when the province was formed they had five (5) outlets in the Province.
Battleford - F. J. Dixon, mgr.
Duck Lake - A. McDonald, mgr.
Estevan - J. H. Gillard, mgr.
Rosthern - W. E. Davidson, mgr.
Yorkton - G. F. Laing, mgr.

In 1918 the Bank of British North America amalgamated with the Bank of Montreal and at the time they had 24 branches at:

(Page 132)

The Bank of Hamilton started in 1872 with head office in Hamilton, Ontario. They first issued bank notes in 1872 when they issued a $4.00 note. Over the years they issued bank notes in the denominations of $4.00; $5,00; $10.00; $20.00; $50.00 and $100.00. Last issue of notes was in 1914.

The Bank of Hamilton opened their first branch in the Territory of Assiniboia at Indian Head in September 1901, with R. R. McLeod as manager. On December 1st of that same year they opened a branch at Moose Jaw. In 1905 when the Province joined Confederation there were five branches in Saskatchewan:
Abernethy - J. S. Henderson, mgr.
Indian Head - J. Sproat, mgr.
Melfort - F. C. Grant, mgr.
Moose Jaw - W. Loree, mgr.
Saskatoon - W. J. Murison, mgr.

In 1923 they amalgamated with the Canadian Bank of Commerce with the following 27 outlets:

In 1865 the Union Bank of Lower Canada started at Quebec City and in 1886 the name was changed to Union Bank of Canada. In 1912 the head office was changed to Winnipeg. They issued bank notes in 1886 and the last issue was in 1921. Issued in $5.00; $10.00; $20.00; $50.00 and $100.00.

The Union Bank purchased the LeJeune, Smith & Company provate bank at Moosomin in 1890 for their first outlet in this area, they kept Major A. E. Christie on as manager. By 1900 they had 5 branches in the Territories; Indian Head - Harold Shaw, mgr.; Moose Jaw - G. A. Fisher, mgr.; Moosomin - A. E. Christie, mgr.; Regina - R. S. Barrow, mgr. and at Yorkton - C. W. R. Pearson as mgr.

In 1905 when the province was formed they had 15 outlets:
Arcola - E. G. Stewart, mgr.
Carlyle - G. A. Fisher, mgr.
Indian Head - A. S. Jarvis, mgr.
Lumsden - E. E. Irwin, mgr.
Moosomin - A. E. Christie, mgr.
Moose Jaw - B. B. Carter, mgr.
Oxbow - A. Dunbar, mgr.
Qu'appelle - C. S. Pidcock, mgr.
Regina - R. S. Barrow
Saskatoon - A. E. Molson, mgr.
Sintaluta - C. D. Simpson
Wapella - E. Thorton
Weyburn - F. E. Harrison
Wolseley - J. G. Vicq
Yorkton - C. W. R. Pearson

The Union Bank was very aggressive in searching out new locations for their branches. In 1915 they had 91 outlets in the province and an ad in the Regina Leader on March 23rd, 1920 states there are 118 branches in Saskatchewan. In 1925 they amalgamated with the Royal Bank and at this time they had 93 outlets.