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Equitable Bank launched a direct banking operation branded as EQ Bank on 14 January 2016, which was Canada's first digital bank born in the mobile age. Exchange Bank of Canada: 2016 Toronto: Subsidiary of Currency Exchange International Corp. [26] Provides foreign currency services to financial institutions and businesses. Fairstone Bank of ...
In 2010, the bank reported an income of $10.2 million. [8] The bank officially de-coupled from TD Bank in 2012. The two banks had entered into a seven-year partnership starting in 2007. [9] The bank is majority owned by 78 Indigenous shareholders that hold, in aggregate, over 80% ownership interest in the shares of the bank. [1]
In 1998, the Bank of Montreal proposed a merger with the Royal Bank of Canada around the same time that CIBC proposed to combine with the Toronto-Dominion Bank. [23] The banks argued that these mergers would enable them to compete globally with other financial institutions. [33] This would have left Canada with only three major national banks.
The first food bank in Canada opened its doors in 1981 in the city of Edmonton, Alberta. [4] In 1987, the Canadian food bank community created the Canadian Association of Food Banks to represent food banks nationally. [3] There are now over 700 food banks and 3,000 food programs available in Canada. [5]
In October 2017, First National Financial Corporation announced it had reached $100 billion in mortgages under administration. [ 11 ] On October 1, 2015, Queen's University ’s School of Business changed its name to the Stephen J.R. Smith School of Business in honour of the $50 million donation made by Stephen Smith, Chairman, CEO and Co ...
Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta, [4] and in 2015 became the second-largest credit union in Canada [5] and the largest credit union in Alberta. [6]
The Alberta Treasury Branches rebranded in January 2002 as ATB Financial in an effort to gain stronger brand recognition in urban areas such as Calgary and Edmonton. By 2002 ATB Financial controlled 15 per cent of the province's retail banking, but lagged in the cities with seven per cent in Calgary and eight per cent in Edmonton. [56]
The Union Bank of Canada had moved its headquarters to Winnipeg in 1912, and had built a strong presence in the Prairies and opened the first bank in the Northwest Territories at Fort Smith in 1921. [16] [17] In 1935, RBC merged with Crown Savings and Loan Co. merged with Industrial Mortgage & Trust Co. [18]