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Description area
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History
John Frothingham was born in Portland, Maine, and came to Canada in 1809 to open a hardware store for Samuel May, who had a similar store in Boston where Frothingham worked. In 1831, he was one of the founders and a main shareholder of the City Bank of Montreal, which broke the monopoly of the Bank of Montreal in the city. He became president of the bank, a position he held from 1834 until his retirement in 1849. Frothingham's other business interests and activities included the Montreal Board of Trade, St. Lawrence and Atlantic Railroad, Montreal Stock Exchange and Canada Inland Steam Navigation Company.