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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.
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 ...
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]
First Bank System, a Minneapolis, Minnesota-based regional bank holding company that had used the trade name First Bank before the holding company was renamed U.S. Bancorp in 1997 First International Bank , in Watford City, North Dakota
During the 1970s, Quebec-based rival Provincial Bank of Canada expanded rapidly through a number of acquisitions. It merged with the People's Bank in 1970, with the Toronto-based Unity Bank of Canada, and in 1979 it acquired Laurentide Financial Corporation of Vancouver. Provincial Bank and BCN continued to expand but continued to have a large ...