The National Trust Company was incorporated on August 12, 1898 under the name of The National Trust Company of Ontario Limited. In 1899, with the opening of an office in Montreal, the name was changed to The National Trust Company, Limited. In 1984, National Trust amalgamated with The Victoria & Grey Trust Company and the company once again changed its name, this time to The National Victoria & Grey Trust Company. Because the name was deemed too cumbersome, however, it was subsequently changed to the National Trust Company on June 3, 1985. On August 14, 1997, Scotiabank purchased the National Trust Company.