CT Financial Services Inc. was a trust company

Trust company

A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of...

 that was founded in London, Ontario

London, Ontario

London is a city in Southwestern Ontario, Canada, situated along the Quebec City – Windsor Corridor. The city has a population of 352,395, and the metropolitan area has a population of 457,720, according to the 2006 Canadian census; the metro population in 2009 was estimated at 489,274. The city...

 and later had its headquarters in Toronto, Ontario and operated in Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 through subsidiaries including Canada Trustco Mortgage Company and The Canada Trust Company. Originally founded in 1864 as Huron and Erie Savings and Loan Society

In the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

, CT Financial operated through First Federal Savings and Loan Association. First Federal was founded in 1896, and operated through 82 branches throughout New York

New York

New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

 State.

Canada Trust was a trust company that offered the same services as a bank. It was one of Canada's largest non-bank financial institution

Non-bank financial institution

A non-bank financial institution is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFIs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market...

s, with $38 billion in deposits and $176 billion in assets. It had 11,000 employees and 3.5 million customers and operated a network of 413 branches across Canada; and almost 1,000 automated banking machines. Its banking machines were, at one point in the late 80s/early 90s, called Johnny Cash Machines. They were even promoted with lifesize cutouts of Johnny Cash

Johnny Cash

John R. "Johnny" Cash was an American singer-songwriter, actor, and author, who has been called one of the most influential musicians of the 20th century...

 asking the question, "Why walk the line?", a reference to one of his hit songs.

CT Financial also operated other divisions including Truscan Realty Limited, CT Insurance Limited and Canada Trust Bank N.V.

On February 1, 2000, Toronto-Dominion Bank

Toronto-Dominion Bank

The Toronto-Dominion Bank , is the second-largest bank in Canada by market capitalization and based on assets. It is also the sixth largest bank in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the...

 completed its $8 billion acquisition of CT Financial Services Inc. Canada Trust was integrated into TD's retail banking operations, now collectively known as TD Canada Trust

TD Canada Trust

TD Canada Trust is the personal, small business and commercial banking operation of the Toronto-Dominion Bank in Canada. TD Canada Trust offers a range of financial services and products to more than 10 million Canadian customers through more than 1,100 branches and 2,600 ATM Green Machines...

.