1950 - A Sign of Good Friendship
The Bank of Nova Scotia introduces a new slogan, A Sign of Good Friendship.
Scotiabank Timeline
1951 - 44 King Street West - The Bank opens its new General Office building at the corner of King and Bay in Toronto. The main floor houses the Banking Hall, dressed in Italian marble and gold leaf.
Of the floors above, the Bank occupies only the first eight, with the remaining floors leased to tenants. This soon changes as the Bank continues to grow.
1951 - Coat of Arms – A. Scott Carter designs a coat of arms for the Bank. It includes elements representing both Canada, the industries on which its early wealth (founding) was based, and the Scottish tradition of Nova Scotia, where the Bank was founded.
In 1951 the design is registered with the College of Heralds in London, England.
1952 - Your Partner in Helping Canada Grow
The Bank of Nova Scotia introduces the slogan Your Partner in Helping Canada Grow. Emphasis is sometimes placed on “partner".
1954 - Personal Security Program
The Bank introduces the Personal Security Program (PSP). It is the first life-insured instalment savings plan offered by a Canadian bank.
1955 - Children's Wickets - The Bank installs a specially sized wicket for use exclusively by children in one of its Regina branches.
In the same year, The Bank also launches its School Thrift Plan, which brings banking into the classroom.
1956 - The Bahamas
On February 20 the Bank enters The Bahamas with the opening of a branch in Nassau.
1956 - Barbados
On August 20 the Bank enters Barbados with the opening of a branch in Bridgetown.
1957 - First Female Supervisor - The Bank appoints Mrs. Lucy I. Morgan, Ph.D., Supervisor of the Economics department.
This is a very senior appointment. Supervisors at this time are considered Officers of the Bank, the equivalent to a senior executive today.
1957 - House Flag
The Bank introduces a house flag after receiving approval from the College of Arms in London.
1957 - Electronic Posting Machine - The Bank installs its first electronic posting machine in the Toronto Main Branch.
For five days in November the Bank invites the public to attend special demonstrations of this innovative machine.
1957 - The Bank of Nova Scotia Trust Co. (Bahamas) Ltd. – This new venture, a first for the Bank, is formed in association with three British corporations and offers a full range of personal and corporate trust services.
It later becomes the parent of smaller trust companies established by the Bank in other countries.