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Manulife Trust is a wholly owned subsidiary of Manulife Bank. Like its parent company, Manulife Bank, Manulife Trust is a member of the Canada Deposit Insurance Corporation (CDIC). In 2015, Manulife Bank entered into a deal with Alimentation Couche-Tard to add ATM machines to 830 Mac's Convenience Stores, Circle K, and Couche-Tard locations. [6 ...
For much of the 20th century, Canada's trust companies were controlled by the major banks through interlocking directorates. However, revisions to the Bank Act in 1967 forbade individuals from sitting on a bank and trust company board simultaneously; this had been a recommendation in the 1964 Report of the Royal Commission on Banking and ...
It later moved its head offices to London, Ontario. On 1 August 2002, it was granted a Schedule I chartered bank licence and became Pacific & Western Trust Bank of Canada before finally changing its name to VersaBank in 2016. Wealth One Bank of Canada: 2015 Toronto: Focus on providing services to Chinese-Canadians.
Dresden, Ontario Manulife: 1887 Toronto, Ontario Munich Re Canada: North Blenheim Mutual Insurance Company 1861 Bright, Ontario Peel Mutual Insurance Company 1876 Brampton, Ontario The Personal Insurance Company: 1974 Lévis, Quebec Subsidiary of Desjardins: Pilot Insurance Company 1927
Manulife Financial Corporation (French: Financière Manuvie) is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario. The company operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock Financial division. [ 4 ]
The bank purchased the Manulife Bank of Canada's banking service network and the assets of Prenor Trust Company of Canada in 1994. In 1995, the bank acquired 30 branches of the North American Trust Company. In 1996, one of its subsidiaries acquired the parent corporation of Trust Prêt et Revenu du Canada.
All PC Financial mortgages, loans, investments, and bank accounts were transferred to CIBC's new direct banking brand Simplii Financial effective November 1, 2017. [7] PC Financial's credit card and insurance products were unaffected by the decision, and continued to be offered by subsidiaries of Loblaw Companies. [ 8 ]
The similarly named Desjardins Ontario Credit Union, formed 1 January 2020 with the merger of 11 Ontario Desjardins-affiliated credit unions and their federation into one, is not the same entity and continues as a going concern.) In 2014, Desjardins Group acquired the Canadian operations of U.S.-based insurance giant State Farm. [11]
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