Several banks are commonly known as Citizens Bank

Citizens Bank

Citizens Bank may refer to:Financial institutions:*Citizens Bank of Canada, a virtual bank headquartered in British Columbia*Citizens Bank International Ltd., a bank in Nepal...

.

Citizens Bank of Canada is a British Columbia

British Columbia

British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...

, 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...

-based virtual bank

Virtual bank

A direct bank is a bank without any branch network. It offers its financial services by:* Telephone banking* Online banking* Automated teller machines * Mail banking* Mobile banking...

 owned by Vancouver City Credit Union (Vancity). From 1997 until 2009 Citizens Bank offered personal and business banking services over the internet. On August 5, 2009, Citizens Bank announced that it will focus its operations on Visa card services, and foreign exchange services for non-retail members, and will leave the personal banking marketplace. Citizens Bank will become a non-deposit-taking bank. Vancity has entered into an agreement to sell its residential mortgages, personal loans and real estate secured lines of credit to the 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...

. Savings and chequing accounts of B.C. customers will be transferred to Vancity in B.C., or to another financial institution of their choice. Customers outside of B.C. will have to transfer their accounts to other financial institutions.

Boutiques

Citizens Bank operated three boutiques, one each in Calgary

Calgary

Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...

, Vancouver

Vancouver

Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...

 and Toronto

Toronto

Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...

 where members and the public could find out more information about and apply for the bank's products.

Personal

• Visa cards, including the Amnesty International
  Amnesty International
  Amnesty International is an international non-governmental organisation whose stated mission is "to conduct research and generate action to prevent and end grave abuses of human rights, and to demand justice for those whose rights have been violated."Following a publication of Peter Benenson's...
  
   Visa (also carried by Desjardins
  Mouvement Desjardins
  The Desjardins Group is the largest association of credit unions in North America. It was founded in 1900 in Lévis, Quebec by Alphonse Desjardins....
  
  )

Business

• Commercial mortgages
• Foreign currency exchange
• Term deposits
  Time deposit
  A time deposit is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time...
  
  

As a chartered financial institution, deposit accounts are insured by Canada Deposit Insurance Corporation

Canada Deposit Insurance Corporation

-External links:*** Official CDIC site*...

 (CDIC).

Social responsibility

Citizens Bank incorporates its ethical policy into doing business, so as to ensure they do business in a socially responsible manner.

This policy covers five key areas:

• ethical business practices
• environmental leadership
• respect and fair treatment
• healthy communities
• peaceful communities

On April 9, 2008, Citizens Bank of Canada became the first North American bank to become fully carbon neutral, as announced publicly by David Suzuki

David Suzuki

David Suzuki, CC, OBC is a Canadian academic, science broadcaster and environmental activist. Suzuki earned a Ph.D in zoology from the University of Chicago in 1961, and was a professor in the genetics department of the University of British Columbia from 1963 until his retirement in 2001...

. They also administer hockeystars.com, an online community site for players, coaches and supporters of amateur hockey

Ice hockey

Ice hockey, often referred to as hockey, is a team sport played on ice, in which skaters use wooden or composite sticks to shoot a hard rubber puck into their opponent's net. The game is played between two teams of six players each. Five members of each team skate up and down the ice trying to take...

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External links

• Corporate website