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Originally founded as a trust company named Pacific & Western Trust Corporation in Saskatoon, Saskatchewan in 1980. 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.
Meridian is the second largest credit union in Canada, and the largest credit union in Ontario, with more than 365,000 members with total assets under administration of over $28.5 billion. [4] Meridian offers banking, wealth management, credit products and services through 89 branches, and fifteen Commercial Business Centres.
Of this amount, $69 billion was part of the CMHC mortgage insurance program, a facility set up in 1954 to handle such situations. [ 51 ] [ 52 ] The World Economic Forum , In the 2010-2011 report Canada ranked 1st in the "Soundness of banks" indicator ranking as the world's soundest banking system for six consecutive years (2007-2013) according ...
Insurance is restricted to CDIC member institutions, and covers $100,000 in certain types of deposits, such as savings accounts and chequing accounts, guaranteed investment certificates (GICs) and other term deposits, money orders, and bank drafts issued by CDIC members and cheques certified by CDIC members, and debentures issued by loan ...
The Chartered Insurance Professional (CIP) Program provides general and technical knowledge specific to the Canadian property and casualty insurance industry, leading to a CIP designation. [ 5 ] [ 6 ] it is a uniform standard indicating that all CIPs have met the same test of knowledge.
In the 1960s, RBC Insurance was created. [13] In 1968, it merged with Ontario Loan and Debenture Company (formerly Ontario Savings and Investment Society). [22] RBC Insurance is the largest Canadian bank-owned insurance organization, with services to over five million people.
Enjoy a classic game of Hearts and watch out for the Queen of Spades!
Equitable Bank was founded under the name The Equitable Trust Company in 1970 in Hamilton, Ontario, Canada. [9] The Trust company was headquartered at 1 James Street South. By 1990, The Equitable Trust Company became an operating company with $50 million in assets and four employees in its Toronto office. [9] In 2004, Equitable Group Inc. was ...