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First Nations Bank of Canada: 1996 Saskatoon: First Canadian chartered bank to be independently controlled by Indigenous shareholders. General Bank of Canada 2005 Edmonton: Schedule 1 bank that primarily offers indirect auto financing for consumers through its retail portfolio as well as large commercial loans and aviation financing. [33 ...
First Nations Bank of Canada (FNBC) (French: La Banque des Premières Nations du Canada) is the first Canadian chartered bank to be independently controlled by Indigenous shareholders. [1] FNBC is a Schedule 1 Federally Regulated Bank in accordance with the Bank Act [ 2 ] and received its charter on 19 November 1996.
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 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]
First National is based in Toronto with over 1,600 employees [2] and five regional offices throughout Canada, including in Calgary, Vancouver, Halifax, and Montreal. [3] [4] As of 2021, First National announced a record $123.9 billion in mortgages under administration. [5]
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]
Canadian Western Bank (CWB; French: Banque canadienne de l'Ouest), also operating as CWB Financial Group, was a Canadian bank based in Edmonton, Alberta. The bank serves clients both in Western Canada and in other provinces. It was announced on June 11, 2024 that it would be acquired by National Bank of Canada in 2025. [2]
On May 3, 2021, connectFirst Credit Union was created from the amalgamation of four credit unions: First Calgary Financial, Chinook Financial, Mountain View Financial and Legacy Financial. The organization was established in 1987 through the merger of seven open-bond credit unions , as well as two additional credit union purchases.