List of banks in Canada
Encyclopedia
This is a list of banks in Canada, including credit union
s, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks".
For a greater explanation of the classifications, see Banking in Canada
and Canada Bank Act
, Schedule I are banks that are not a subsidiary of a foreign bank, i.e. domestic banks, even if they have foreign shareholders. There are 23 domestic banks as of November 2011.
by the government of William Aberhart
under the influence of the strongly anti-bank economic ideology called Social Credit
. The Social Credit Party of Alberta
, won the 1935 election in part on a platform that argued for the nationalisation or abolition of banks. But court cases later determined that the provincial government did not have the powers to do this. The ATB was created as a provincial-government alternative to the private banks. If it were a bank, ATB would be subject to federal legislation; therefore, the institution is never legally referred to as a bank so that it can remain under provincial jurisdiction. However, it offers all services associated with a standard retail bank.
Canada has a strong co-operative financial services sector, which consists of both credit unions and caisses populaires, the latter located predominantly in Quebec. At the end of 2001 Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires, with more than 3,600 locations and 4,100 automated teller machines. By 2010 consolidation that reduced this number to 447 credits unions and caisses populaires outside of Quebec. Canada has the world's highest per capita membership in the credit union movement, with over 10 million members, or about one-third of the Canadian population. While the sector is active in all parts of the country, it is strongest in the western provinces and in Quebec. In Quebec 70 per cent of the population belongs to a caisse populaire, while in Saskatchewan close to 60 per cent belongs to a credit union.
.
As of March 31, 2010, Desjardins Group's consolidated assets totalled $165.6 billion CAD
.
:
The term "big six" is frequently used as well. The "Big Six" also includes the National Bank of Canada
, though it is significantly smaller than the other major banks and is focused in the province of Quebec
.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
s, trusts, and other financial services companies that offer banking services and may be popularly referred to as "banks".
Banks by legal classification
Banks in Canada are classified by their ownership as domestic banks, subsidiaries of foreign banks, or branches of foreign banks.For a greater explanation of the classifications, see Banking in Canada
Banking in Canada
Banking in Canada is widely considered the most efficient and safest banking system in the world, ranking as the world's soundest banking system for the past three years according to reports by the World Economic Forum. Released at October 2010, Global Finance magazine put Royal Bank of Canada at...
and Canada Bank Act
Canada Bank Act
The Bank Act is an Act of the Government of Canada respecting banks and banking.The Act groups banks in three schedules. Schedule I banks are banks allowed to accept deposits that are not a subsidiary of a foreign bank, Schedule II banks are banks allowed to accept deposits that are a subsidiary...
Schedule I banks (domestic banks)
Under the Canada Bank ActCanada Bank Act
The Bank Act is an Act of the Government of Canada respecting banks and banking.The Act groups banks in three schedules. Schedule I banks are banks allowed to accept deposits that are not a subsidiary of a foreign bank, Schedule II banks are banks allowed to accept deposits that are a subsidiary...
, Schedule I are banks that are not a subsidiary of a foreign bank, i.e. domestic banks, even if they have foreign shareholders. There are 23 domestic banks as of November 2011.
- Bank of MontrealBank of MontrealThe Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...
- Bank of Nova ScotiaScotiabankThe Bank of Nova Scotia , commonly known as Scotiabank , is the third largest bank in Canada by deposits and market capitalization. It serves some 18.6 million customers in more than 50 countries around the world and offers a broad range of products and services including personal, commercial,...
(operating as "Scotiabank") - Bank WestBank WestBank West is a chartered bank that was founded in High River, Alberta in 2002. The bank is wholly owned by Western Financial Group Inc., . Western Financial Group originally focused in insurance consolidation, expanding into banking in 2002. The bank maintains offices in both High River and...
- Bridgewater BankBridgewater BankBridgewater Bank is a Canadian Schedule I chartered bank, with its headquarters located in Calgary, Alberta, Canada. Wholly owned by the Alberta Motor Association , the bank offers mortgages, guaranteed investment certificates and is a MasterCard provider to members of the Canadian Automobile...
- Canadian Imperial Bank of CommerceCanadian Imperial Bank of CommerceThe Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....
(CIBC) - Canadian Tire Bank
- Canadian Western BankCanadian Western BankThe Canadian Western Bank is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commercial clients in Western Canada.-History:...
- Citizens Bank of CanadaCitizens Bank of CanadaCitizens Bank of Canada is a British Columbia, Canada-based virtual bank owned by Vancouver City Credit Union . From 1997 until 2009 Citizens Bank offered personal and business banking services over the internet...
(the bank has become a 'non-deposit taking bank' and therefore no longer offers savings and loans products.) - CS Alterna Bank
- DirectCash Bank
- Dundee Bank of Canada
- First Nations Bank of CanadaFirst Nations Bank of CanadaFirst Nations Bank of Canada was established in 1996 after receiving Letters Patent from the Government of Canada. It began as a venture between TD Bank and Saskatchewan Indian Equity Foundation in 1993-94. It began operating on September 23, 1997 with the opening of its first branch in...
- General Bank of Canada
- HomEquity Bank
- Jameson Bank
- Laurentian Bank of CanadaLaurentian Bank of CanadaThe Laurentian Bank of Canada is a Schedule I bank in the province of Quebec. . LBC's Institution Number is 039.-History:...
- Manulife Bank of CanadaManulife Bank of CanadaThe Manulife Bank of Canada is a Schedule I federally-chartered bank and a wholly owned subsidiary of the Manufacturer’s Life Insurance Company of Canada . It was established on January 1, 1993, when Cabot Trust Company, Huronia Trust Company and the Regional Trust Company were merged by Manulife...
- MonCana Bank of Canada
- National Bank of CanadaNational Bank of CanadaNational Bank of Canada is the 6th largest bank and 8th largest financial institution in Canada. The bank's headquarters are in Montreal, Quebec....
- Pacific & Western Bank of CanadaPacific & Western Bank of CanadaThe Pacific & Western Bank of Canada is a bank that was founded in Saskatoon, Saskatchewan in 1980, and now maintains its headquarters in London, Ontario. The bank is wholly owned by Pacific & Western Credit Corp. ....
- President's Choice Bank
- Royal Bank of CanadaRoyal Bank of CanadaThe Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,...
- Toronto-Dominion BankToronto-Dominion BankThe 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...
(operating as "TD Canada TrustTD Canada TrustTD 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...
")
Schedule II banks (Canadian banks that are subsidiaries of foreign banks)
As of October 2010, there were 25 of these banks in Canada, however 4 are in liquidation.- AMEX Bank of Canada
- Bank of America CanadaBank of America CanadaBank of America Canada , was a wholly owned U.S. bank subsidiary, headquartered in Toronto, Ontario, Canada. It was a Schedule II bank under the Canada Bank Act to accept deposits which may be eligible for deposit insurance provided by the Canada Deposit Insurance Corporation.In 2001, Bank of...
(in voluntary liquidation) - Bank of China (Canada)
- Bank of Tokyo-Mitsubishi UFJ (Canada)
- Bank One Canada (in voluntary liquidation)
- BNP Paribas (Canada)
- Citco Bank Canada
- Citibank CanadaCitibank CanadaCitibank Canada is a unit of Citigroup of New York City. The Canadian unit has been operating since 1954, with Canadian headquarters in Toronto...
- CTC Bank of CanadaCTC Bank of CanadaThe CTC Bank of Canada is a commercial bank based in Vancouver, British Columbia with three branches. It is a subsidiary of Taiwan-based Chinatrust Commercial Bank, the most profitable bank in Taiwan.-External links:*...
- Habib Canadian BankHabib Bank AG ZurichHabib Bank AG Zurich, a commercial bank incorporated in Switzerland. It maintains headquarters in Zurich, Switzerland, but has operations in Switzerland, United Kingdom, United Arab Emirates, and Kenya...
- HSBC Bank CanadaHSBC Bank CanadaHSBC Bank Canada, formerly the Hongkong Bank of Canada , is a bank in Canada that is part of British banking giant HSBC - one of the largest banking groups in the world. HSBC Canada is the seventh largest bank in Canada, with offices in every province except Prince Edward Island, and is the...
- ICICI Bank CanadaICICI Bank CanadaICICI Bank Canada is a wholly owned subsidiary of ICICI Bank Limited, which has its headquarters in Mumbai, India.ICICI Bank Limited is India's largest private sector bank as measured by asset base as of December 31, 2009 and the second largest bank in the country with consolidated total assets of...
- Industrial and Commercial Bank of China (Canada)
- ING Bank of Canada
- J.P. Morgan Bank Canada
- J.P. Morgan Canada (in liquidation)
- Korea Exchange Bank of Canada
- MBNA Canada Bank
- Mega International Commercial Bank (Canada)
- Mizuho Corporate Bank (Canada)
- Royal Bank of Scotland (Canada)Royal Bank of ScotlandThe Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...
(In Voluntary Liquidation) - Shinhan Bank CanadaShinhan Bank CanadaShinhan Bank Canada is a subsidiary bank in Canada federally regulated by the Office of the Superintendent of Financial Institutions Canada . Shinhan Bank Canada as a retail bank began its business operation on March 9, 2009...
- Société Générale (Canada)
- State Bank of India (Canada)
- Sumitomo Mitsui Banking Corporation of Canada
- UBS Bank (Canada)
- Walmart Canada Bank
Full service
As of October 2010, there were 23 such banks in Canada.- ABN AMRO Bank N.V.
- Bank of America, National Association
- Bank of New York MellonBank of New York MellonThe Bank of New York Mellon Corporation is a global financial services company formed on July 1, 2007 as result of the merger of The Bank of New York and Mellon Financial Corporation...
(The) - Capital One Bank (Canada Branch)
- Citibank, N.A.
- Comerica Bank
- Deutsche Bank AG
- Dexia Crédit Local S.A.
- Fifth Third BankFifth Third BankFifth Third Bank is a U.S. regional banking corporation, headquartered in Cincinnati, Ohio and is the principal subsidiary of holding company Fifth Third Bancorp ....
- First Commercial BankFirst Commercial Bank-Asia:*First Commercial Bank, a bank headquartered in Taipei, Taiwan-United States:*First Commercial Bank , a regional bank headquartered in Birmingham, Alabama*First Commercial Bank , a bank in Jonesboro, Arkansas...
- Glitnir banki hf.
- HSBC Bank USA, National Association
- JPMorgan Chase Bank, National Association
- M&T BankM&T BankM&T Bank is an American commercial bank that was founded in 1856 in western New York, and today remains headquartered in Buffalo at One M & T Plaza...
- Maple Bank
- Mizuho Corporate Bank, Ltd., Canada Branch
- Northern Trust Company, Canada Branch (The)
- Rabobank Nederland
- Royal Bank of Scotland N.V.Royal Bank of ScotlandThe Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...
- Société GénéraleSociété GénéraleSociété Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La...
(Canada Branch) - State Street
- U.S. Bank National Association
- UBS AGUBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
Canada Branch - United Overseas Bank Limited
Lending only
There were 7 such banks in Canada in October, 2010.- Allied Irish Banks, p.l.c.
- AmTrust BankAmTrust BankFounded in Cleveland, Ohio, in 1889 as Ohio Savings Bank, AmTrust Bank has grown from a local savings and loan to having a national presence in retail banking, mortgage and construction lending, investment and insurance services and indirect auto lending....
, Canadian Branch - Credit SuisseCredit SuisseThe Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
, Toronto Branch - Merrill Lynch International Bank Limited
- PNC Bank Canada
- Union Bank of California, N.A.
- WestLB AG
Government-owned banks
- Bank of CanadaBank of CanadaThe Bank of Canada is Canada's central bank and "lender of last resort". The Bank was created by an Act of Parliament on July 3, 1934 as a privately owned corporation. In 1938, the Bank became a Crown corporation belonging to the Government of Canada...
(Central Bank) - Business Development Bank of CanadaBusiness Development Bank of CanadaThe Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.BDC's debt...
Alberta Treasury Branches
Alberta Treasury Branches, or ATB Financial, is a unique, provincially owned company that provides banking services, but for legal reasons is not considered a bank. It was created during the Great DepressionGreat Depression in Canada
Canada was hit hard by the Great Depression. Between 1929 and 1939, the gross national product dropped 40% . Unemployment reached 27% at the depth of the Depression in 1933...
by the government of William Aberhart
William Aberhart
William Aberhart , also known as Bible Bill for his outspoken Baptist views, was a Canadian politician and the seventh Premier of Alberta between 1935 and 1943. The Social Credit party believed the reason for the depression was that people did not have enough money to spend, so the government...
under the influence of the strongly anti-bank economic ideology called Social Credit
Social Credit
Social Credit is an economic philosophy developed by C. H. Douglas , a British engineer, who wrote a book by that name in 1924. Social Credit is described by Douglas as "the policy of a philosophy"; he called his philosophy "practical Christianity"...
. The Social Credit Party of Alberta
Social Credit Party of Alberta
The Alberta Social Credit Party is a provincial political party in Alberta, Canada, that was founded on the social credit monetary policy and conservative Christian social values....
, won the 1935 election in part on a platform that argued for the nationalisation or abolition of banks. But court cases later determined that the provincial government did not have the powers to do this. The ATB was created as a provincial-government alternative to the private banks. If it were a bank, ATB would be subject to federal legislation; therefore, the institution is never legally referred to as a bank so that it can remain under provincial jurisdiction. However, it offers all services associated with a standard retail bank.
Credit unions
Canada has a strong co-operative financial services sector, which consists of both credit unions and caisses populaires, the latter located predominantly in Quebec. At the end of 2001 Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires, with more than 3,600 locations and 4,100 automated teller machines. By 2010 consolidation that reduced this number to 447 credits unions and caisses populaires outside of Quebec. Canada has the world's highest per capita membership in the credit union movement, with over 10 million members, or about one-third of the Canadian population. While the sector is active in all parts of the country, it is strongest in the western provinces and in Quebec. In Quebec 70 per cent of the population belongs to a caisse populaire, while in Saskatchewan close to 60 per cent belongs to a credit union.
Ten largest credit unions in Canada by assets, outside of Quebec
As at December 31, 2010, the 447 credit unions and caisses populaires outside of Quebec had combined assets of $138 billion, of which $60 billion was held by the ten largest.Credit Union | Province | Assets | Members |
---|---|---|---|
Vancity Vancity Vancouver City Savings Credit Union, commonly referred to as Vancity, is a member-owned financial institution in Vancouver, British Columbia and the largest English-speaking credit union in Canada... |
BC | 14,365,199,927 | 417,211 |
Servus Credit Union Servus Credit Union Servus Credit Union is a member-owned, community-based financial institution based in Edmonton, Alberta, and is currently the third largest credit union in Canada and the largest credit union in Alberta.... |
AB | 10,785,867,467 | 351,031 |
Coast Capital Savings Coast Capital Savings Coast Capital Savings is a credit union based in Surrey, British Columbia, and is the third largest credit union in Canada outside of Quebec. As of 2010, the credit union had $12.3 billion in assets under administration and 454,000 members... |
BC | 10,440,813,817 | 454,348 |
Meridian Credit Union Meridian Credit Union Meridian Credit Union is a Canadian credit union. It was formed April 1, 2005, following the merger of NIAGARA Credit Union and HEPCOE Credit Union.... |
ON | 5,358,771,196 | 212,074 |
First West Credit Union First West Credit Union First West Credit Union is the third-largest credit union in British Columbia by asset size following Vancity and Coast Capital Savings. Led by Chief Executive Officer Launi Skinner and with approximately 167,000 members and $6.2 billion in assets under administration, First West was formed in... |
BC | 5,070,807,000 | 138,252 |
Conexus Credit Union Conexus Credit Union Conexus Credit Union is a credit union based in Regina, Saskatchewan, and at the end of 2010 was the largest credit union in Saskatchewan and the sixth largest credit union in Canada. Conexus has 46 branches in Saskatchewan. , the credit union has $4.4 billion in total funds managed and... |
SK | 3,325,665,572 | 117,523 |
Steinbach Credit Union Steinbach Credit Union Steinbach Credit Union is a Canadian co-operative financial institution and formerly the country's largest single branch credit union. Founded in 1941, it is now the largest credit union, by total assets, in the province of Manitoba and the eighth largest in the country. As of October 2011, SCU... |
MB | 3,216,032,894 | 79,289 |
Assiniboine Credit Union Assiniboine Credit Union Assiniboine Credit Union is a credit union based in Winnipeg, Manitoba, and at the end of 2008 was the ninth largest credit union in Canada. ACU has 25 branches in Winnipeg and Northern Manitoba. The credit union merged with Astra and Vantis credit unions in 2007... |
MB | 2,833,042,726 | 107,761 |
First Calgary Savings First Calgary Savings First Calgary Financial is a member-owned financial institution based out of Calgary, Alberta, Canada. The organization was established in 1987 through the merger of seven open-bond credit unions, as well as two additional credit union purchases... |
AB | 2,404,338,873 | 86,024 |
Cambrian Credit Union | MB | 2,164,054,402 | 54,798 |
Quebec
Most caisses populaires in Quebec (and some credit unions outside the province) are part of a network which operates as the Desjardins Group. Desjardins Group owns and operates a range of subsidiaries, including a securities brokerage, a venture capital firm, and a bank based in FloridaFlorida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
.
As of March 31, 2010, Desjardins Group's consolidated assets totalled $165.6 billion CAD
Canadian dollar
The Canadian dollar is the currency of Canada. As of 2007, the Canadian dollar is the 7th most traded currency in the world. It is abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies...
.
The "Big Five"
Canada's "big five" banks, in order of both assets and market capitalizationMarket capitalization
Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...
:
- Royal Bank of CanadaRoyal Bank of CanadaThe Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,...
(RBC) - Toronto-Dominion BankToronto-Dominion BankThe 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...
(TD Canada TrustTD Canada TrustTD 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...
) - Bank of Nova Scotia (ScotiabankScotiabankThe Bank of Nova Scotia , commonly known as Scotiabank , is the third largest bank in Canada by deposits and market capitalization. It serves some 18.6 million customers in more than 50 countries around the world and offers a broad range of products and services including personal, commercial,...
) - Bank of MontrealBank of MontrealThe Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...
(BMO) - Canadian Imperial Bank of CommerceCanadian Imperial Bank of CommerceThe Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....
(CIBC)
Bank Name | Also Known as | Institution No |
---|---|---|
Royal Bank of Canada Royal Bank of Canada The Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,... |
RBC | 003 |
Toronto Dominion Bank | (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... ) |
004 |
Bank of Nova Scotia | (Scotiabank Scotiabank The Bank of Nova Scotia , commonly known as Scotiabank , is the third largest bank in Canada by deposits and market capitalization. It serves some 18.6 million customers in more than 50 countries around the world and offers a broad range of products and services including personal, commercial,... ) |
002 |
Bank of Montreal Bank of Montreal The Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it... |
BMO | 001 |
Canadian Imperial Bank of Commerce Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT.... |
CIBC | 010 |
The term "big six" is frequently used as well. The "Big Six" also includes the National Bank of Canada
National Bank of Canada
National Bank of Canada is the 6th largest bank and 8th largest financial institution in Canada. The bank's headquarters are in Montreal, Quebec....
, though it is significantly smaller than the other major banks and is focused in the province of Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
.
Defunct or merged banks
- Amicus BankAmicus BankAmicus Bank was a wholly owned subsidiary of CIBC which provided non-traditional banking to customers.Within Canada, Amicus Bank was primarily responsible for operating President's Choice Financial. Amicus Bank briefly provided services under its own name through Bell Sympatico's portal...
was in voluntary liquidation and its assets repatriated to CIBC. - Bank of AlbertaBank of AlbertaThe Bank of Alberta was a bank based in Edmonton, Alberta, Canada. It was chartered in 1984.The Bank later became part of Canadian Western Bank , and was formed during a challenging economic environment that pushed many competitors to reign in their activities in key western markets...
and the Western & Pacific Bank of Canada merged to become Canadian Western BankCanadian Western BankThe Canadian Western Bank is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commercial clients in Western Canada.-History:...
. - Bank of British ColumbiaBank of British ColumbiaThere have been two Canadian banks with the name Bank of British Columbia.-The first bank:The first was established by Royal Charter in 1862, with its head office in London. Between 1862 and 1871 it issued dollar banknotes. By 1885 it had branches in San Francisco, Portland, Oregon , Victoria,...
's assets acquired by HSBC Canada. - Bank of British North AmericaBank of British North AmericaThe Bank of British North America was founded in 1835 in London, England with offices in Toronto, Montreal, Quebec City, Saint John, New Brunswick, Halifax and St. John's, Newfoundland. It also operated agencies in New York City and San Francisco. Like the other Canadian chartered banks, it issued...
- Bank of OttawaBank of OttawaThe Bank of Ottawa was established in Canada in 1874 by Ottawa Valley lumber pioneers. The Bank of Ottawa was of high importance in the city's banking scene for a number of years. James Maclaren presided over the Bank from 1874 until his death in 1892. James Mather served as a bank director from 1879...
merged with the Bank of Nova Scotia in 1919. - Bank of the PeopleBank of the PeopleThe Bank of the People was created from the defection of investors from Farmer's Bank in 1835. Sir Francis Hincks, head cashier at the Farmer's Bank, became cashier at the new bank. A “Provincial Loan Office” in which farmers could borrow small sums guaranteed by their land holdings became the...
was purchased by the Bank of Montreal in 1840. - Bank of TorontoBank of TorontoThe Bank of Toronto was a Canadian bank, founded on July 8, 1857 by George Gooderham, that merged with The Dominion Bank on February 1, 1955 to form the Toronto-Dominion Bank...
merged with The Dominion BankThe Dominion BankThe Dominion Bank was a Canadian bank based in Toronto and incorporated in 1869 that merged on February 1, 1955 with the Bank of Toronto to form the Toronto-Dominion Bank. -History:...
in 1955 to form the Toronto-Dominion Bank, now known as TD Bank GroupToronto-Dominion BankThe 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...
. - Banque canadienne nationaleBanque canadienne nationaleThe Banque canadienne nationale was a Quebec-based bank in Canada.In 1859, several prominent Quebecers founded the Banque Nationale in Quebec City as a banking institution controlled by French-speaking businessmen and dedicated to promoting their interests.In 1924, the Banque Nationale, which was...
merged with Provincial Bank of Canada/Banque provinciale du Canada to become National Bank of CanadaNational Bank of CanadaNational Bank of Canada is the 6th largest bank and 8th largest financial institution in Canada. The bank's headquarters are in Montreal, Quebec.... - Provincial Bank of Canada/Banque provinciale du Canada. Merged with Banque canadienne nationaleBanque canadienne nationaleThe Banque canadienne nationale was a Quebec-based bank in Canada.In 1859, several prominent Quebecers founded the Banque Nationale in Quebec City as a banking institution controlled by French-speaking businessmen and dedicated to promoting their interests.In 1924, the Banque Nationale, which was...
to become National Bank of CanadaNational Bank of CanadaNational Bank of Canada is the 6th largest bank and 8th largest financial institution in Canada. The bank's headquarters are in Montreal, Quebec.... - Canada TrustCanada TrustCT Financial Services Inc. was a trust company that was founded in London, Ontario and later had its headquarters in Toronto, Ontario and operated in Canada through subsidiaries including Canada Trustco Mortgage Company and The Canada Trust Company...
merged with Toronto-Dominion BankToronto-Dominion BankThe 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...
in 2000 - Canadian Bank of CommerceCanadian Bank of CommerceThe Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858....
merged with Imperial Bank of CanadaImperial Bank of CanadaThe Imperial Bank of Canada was a Canadian bank based in Toronto in the late 19th Century and early 20th Century.Founded in 1873 as the Imperial Bank in Toronto by Henry Stark Howland, former vice president of the Canadian Bank of Commerce. The bank became the Imperial Bank of Canada in 1874.In...
in 1961 to form The Canadian Imperial Bank of Commerce also known as “CIBC”. - Canadian Commercial BankCanadian Commercial BankThe Canadian Commercial Bank was an Edmonton, Alberta-based Canadian bank. It received its parliamentary charter in 1975 and established its head office in Edmonton. The bank was privately owned and operated as a wholesale commercial bank. It officially began operations in July 1976, with CDN$22...
- Eastern Townships BankEastern Townships BankEastern Townships Bank was founded in 1859 by Colonel Benjamin Pomroy . It was the first financial institution in the south-east of Quebec, an area known as the Eastern Townships, and issued its own banknotes....
with the Canadian Bank of CommerceCanadian Bank of CommerceThe Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858....
in 1912. - Montreal City and District Savings Bank or La Banque d’EpargneLaurentian Bank of CanadaThe Laurentian Bank of Canada is a Schedule I bank in the province of Quebec. . LBC's Institution Number is 039.-History:...
converted from a savings bank to a regular bank and changed its name to Laurentian Bank of CanadaLaurentian Bank of CanadaThe Laurentian Bank of Canada is a Schedule I bank in the province of Quebec. . LBC's Institution Number is 039.-History:... - Continental Bank of CanadaContinental Bank of CanadaThe Continental Bank of Canada was a chartered bank formed in Canada when IAC, a financing company, decided to expand the scope of operations in the 1980s. This small bank struggled for several years before being acquired by Lloyds Bank of the United Kingdom. Continental Bank became "Lloyds Bank of...
became Lloyds Bank of CanadaLloyds Bank of CanadaLloyds Bank of Canada was formed in 1986 when Lloyds Bank Plc of the United Kingdom purchased the Continental Bank of Canada. This bank had been formed earlier in the 1980s when IAC, a financing company, decided to expand the scope of operations.... - Farmer's Bank of York, Upper CanadaFarmer's Bank of York, Upper CanadaThe Farmer's Bank was formed in 1835 by George Truscott and John Cleveland Green in York , Upper Canada. The cashier and general manager of Farmer's Bank was Sir Francis Hincks, a journalist and colonial administrator....
- Farmers' Bank of RusticoFarmers' Bank of RusticoThe Farmers' Bank of Rustico operated in the village of Rustico, from 1864 to 1894. It is often considered to have been the first community-based bank in Canada. Founded and managed under the leadership of Father Georges-Antoine Belcourt , the Farmer's Bank of Rustico was established on April...
was a community bank in Prince Edward Island that closed after the passage of the 1871 Bank Act. - Home BankHome BankThe Home Bank of Canada was a Canadian bank that was incorporated July 10, 1903 in Toronto. It failed August 18, 1923 and was the subject of a Canadian Royal Commission initiated by Prime Minister Mackenzie King in 1924....
- Imperial Bank of CanadaImperial Bank of CanadaThe Imperial Bank of Canada was a Canadian bank based in Toronto in the late 19th Century and early 20th Century.Founded in 1873 as the Imperial Bank in Toronto by Henry Stark Howland, former vice president of the Canadian Bank of Commerce. The bank became the Imperial Bank of Canada in 1874.In...
merged with Canadian Bank of CommerceCanadian Bank of CommerceThe Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858....
to form the Canadian Imperial Bank of CommerceCanadian Imperial Bank of CommerceThe Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....
, also known by the initialism CIBC - Lloyds Bank of CanadaLloyds Bank of CanadaLloyds Bank of Canada was formed in 1986 when Lloyds Bank Plc of the United Kingdom purchased the Continental Bank of Canada. This bank had been formed earlier in the 1980s when IAC, a financing company, decided to expand the scope of operations....
became HSBC Canada - Mercantile Bank of Canada, minority owned by Citibank, was merged into the National BankNational bankIn banking, the term national bank carries several meanings:* especially in developing countries, a bank owned by the state* an ordinary private bank which operates nationally...
in 1985. - Molson BankMolson BankThe Molson Bank was a Canadian bank founded in Montreal, Quebec, by brothers William and John Molson, Jr...
of Montreal was merged into the Bank of MontrealBank of MontrealThe Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...
in 1925. - Northland BankNorthland BankThe Northland Bank was an Alberta-based Canadian bankthat failed in 1985. It was incorporated in 1974.See also: List of Canadian banks; Canada Deposit Insurance Corporation-References:...
- National Bank of GreeceNational Bank of GreeceThe National Bank of Greece is the oldest and largest commercial banking group in Greece. The group has a particularly strong presence in Southeastern Europe and the Eastern Mediterranean...
's Canadian assets merged into Bank of Nova Scotia in 2005 - Standard Bank of CanadaStandard Bank of CanadaThe Standard Bank of Canada was a Canadian bank established in 1873 as the St. Lawrence Bank by a group of Toronto businessmen led by J.C. Fitch. In 1876 it was renamed the Standard Bank of Canada following a reorganization, and under its new management it grew...
merged with Canadian Bank of CommerceCanadian Bank of CommerceThe Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858....
in 1928 - Standard Chartered Bank of CanadaStandard Chartered Bank of CanadaThe Standard Chartered Bank of Canada was the Canadian banking unit of the British Standard Chartered Bank. Standard Chartered bank was created by a merger of Standard Bank of British South Africa and the Chartered Bank of India, Australia and China in 1969...
- Sterling BankSterling BankThe Sterling Bank of Canada was a Canadian bank that was incorporated in 1905 in Toronto. It no longer operates.- References :* - Mergers and Amalgamations, The Canadian Bank of Commerce...
was acquired by Provincial Bank of Canada/Banque provinciale du Canada.
See also
- Banking in CanadaBanking in CanadaBanking in Canada is widely considered the most efficient and safest banking system in the world, ranking as the world's soundest banking system for the past three years according to reports by the World Economic Forum. Released at October 2010, Global Finance magazine put Royal Bank of Canada at...
- Credit UnionCredit unionA credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
- Canadian transit number
- Canada Bank CompanyCanada Bank CompanyCanada Bank Company was an early bank established in 18th century British North America and issued notes used in the British colony....
- ATB FinancialATB FinancialAlberta Treasury Branches, doing business as ATB Financial, is a financial institution and crown corporation owned by the Province of Alberta. ATB operates in Alberta only, providing financial services to 680,000 Albertans and Alberta-based businesses. ATB has 167 branches and 130 agencies, serving...
External links
- http://www.osfi.gc.ca/WWWapps/lists/eng.asp?s=1&g=1List of Canadian banks at Office of the Superintendent of Financial InstitutionsOffice of the Superintendent of Financial InstitutionsThe Office of the Superintendent of Financial Institutions is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system"...
] - List of Canadian banks via the Canada Revenue Agency website
- Credit Union Central of Canada's Publications
- List of banks in Canada
- Information about Banks in Canada