A scrambling quarterback, Faloney helped the Eskimos win the 1954 Grey Cup but then fulfilled his mandatory service in the United States armed forces, serving with the U.S. Air Force from 1955 to 1956. A free agent after his military service, Faloney signed with the Hamilton Tiger-Cats in 1957 and became one of the major stars of the Canadian Football League, winning two Grey Cup championships with the Ti-Cats. Traded from Hamilton in 1965, he played for the Montreal Alouettes and the BC Lions before retiring in 1967.
Bernie Faloney was inducted into the Canadian Football Hall of Fame in 1974, the Western Pennsylvania Hall of Fame in 1983, the Pennsylvania Sports Hall of Fame in 1985, the University of Maryland Athletic Hall of Fame in 1988, and Canada's Sports Hall of Fame in 1999. In November 2006, Faloney was voted to the Honour Roll of the CFL's top 50 players of the league's modern era by Canadian sports network TSN.
Later life and death
In retirement, Faloney made his home in Hamilton, Ontario where he became a part owner of a construction company. An avid horseman, he remained active in community and business affairs until being stricken with colorectal cancer.
Faloney died on June 14, 1999, in Hamilton, Ontario.
Cannon Street in Hamilton, Ontario, in the Brian Timmis Stadium and Ivor Wynne Stadium area is also known as Bernie Faloney Way.