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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 ...
Up to the late 1990s, CIBC was the second largest, [21] followed by Bank of Montreal, Scotiabank, and TD Bank. [22] During the late 1990s and beyond, this ranking changed due to several reorganizations. Royal Bank acquired Royal Trust in 1993, [23] while Scotiabank purchased National Trust in 1997. As Scotiabank found no merger partners among ...
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]
First National Financial Corporation (First National) is a Canadian financial services company that is the parent company of First National Financial LP, a private lending institution based in Toronto, Ontario. First National is among the top three in market share in the mortgage broker distribution channel.
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]
Coast Capital Savings Credit Union was created out of a merger on December 31, 2000 between Pacific Coast Savings Credit Union and Richmond Savings Credit Union. At the time, the merged entity's $3.2 billion in assets made it the second largest credit union in Canada behind Vancity's $6.4 billion. [10]
In late September of 2006, the City of St. Albert officially opened the Servus Credit Union Place (or Servus Place for short), a multipurpose leisure centre in the city of St. Albert, Alberta. [ 9 ] On November 1, 2008, Servus Credit Union became Canada's first province-wide credit union when it amalgamated with Community Savings and Common ...