List of banks in Canada
From Wikipedia, the free encyclopedia
Contents |
[edit] Government
- Bank of Canada (Central Bank)
- Business Development Bank of Canada
[edit] "Big six" banks
- Royal Bank of Canada (RBC)
- Toronto-Dominion Bank (TD Canada Trust)
- Bank of Nova Scotia (Scotiabank)
- Bank of Montreal (BMO)
- Canadian Imperial Bank of Commerce (CIBC)
- National Bank of Canada
Currently, the biggest bank in Canada is Royal Bank. It is the largest based on both assets and market capitalization, followed by (in order) TD Canada Trust, Scotiabank, Bank of Montreal, CIBC and National Bank.
[edit] Major credit unions
- Desjardins Group (Mouvement des caisses populaires Desjardins)
While it is not a bank per se, the Desjardins Group has larger assets than the National Bank of Canada (a member of the Big Six), and is the largest private employer in Quebec.
VanCity is one of the large Credit Unions in Canada. Based out of Vancouver, BC.
[edit] Minor banks
- Alberta Treasury Branches
- Bridgewater Bank, a wholly owned subsidiary of the Alberta Motor Association
- Canadian Western Bank
- Canadian Tire Financial Services
- Citizens Bank of Canada
- First Nations Bank of Canada, affiliated with the Toronto-Dominion bank
- General Bank of Canada
- Home Trust Company
- Laurentian Bank of Canada
- Manulife Bank of Canada
- Pacific & Western Bank of Canada
- President's Choice Financial
- Western Bank of Canada
[edit] Foreign banks with operations in Canada
- AMEX Bank of Canada (a subsisidary of American Express of the United States)
- Bank of America National Association
- Bank of China (Canada) (a subsidiary of the Bank of China of the People's Republic of China.)
- National Bank (Pakistan)
- Habib Bank (Pakistan)
- BCP Bank
- Bank of East Asia (Canada)
- Bank of Cyprus
- BNP Paribas [1]
- BPI Bank
- Butterfield Bank (a subsidiary of Butterfield Bank of Bermuda)
- Citibank Canada (a subsidiary of Citigroup of the United States)
- CTC Bank of Canada
- Deutsche Bank
- Glitnir (a subsidiary of Glitnir bank of Iceland)
- ICICI Bank Canada
- ING Bank of Canada
- Korea Exchange Bank (a subsidiary of Korea Exchange Bank of Korea)
- MBNA Canada (a subsidiary of Bank of America of the United States)
- HSBC Bank Canada (a subsidiary of HSBC of the United Kingdom)
- Sears Canada Bank (a subsidiary of JPMorgan Chase that issues credit cards for the Sears Canada department store)
- State Bank of India
- Totta
[edit] Schedule I banks
- Bank of Montreal
- Bank of Nova Scotia
- Bank West
- Canadian Imperial Bank of Commerce
- Canadian Tire Bank
- Canadian Western Bank
- Citizens Bank of Canada
- CS Alterna Bank
- Dundee Wealth Bank
- First Nations Bank of Canada
- Laurentian Bank of Canada
- Manulife Bank of Canada
- National Bank of Canada
- Pacific & Western Bank of Canada
- President's Choice Bank
- Toronto-Dominion Bank
- Royal Bank of Canada
- Ubiquity Bank of Canada
[edit] Defunct or merged banks
- Amicus Bank was in voluntary liquidation and its assets repatriated to CIBC.
- Bank of British Columbia's assets acquired by HSBC Canada.
- Bank of the People was purchased by the Bank of Montreal in 1840.
- Bank of Toronto merged with The Dominion Bank in 1955 to form the Toronto-Dominion Bank, now known as TD Bank Financial Group.
- Banque canadienne nationale merged with Provincial Bank of Canada/Banque provinciale du Canada to become National Bank of Canada
- Provincial Bank of Canada/Banque provinciale du Canada. Merged with Banque canadienne nationale to become National Bank of Canada
- Canadian Bank of Commerce merged with Imperial Bank of Canada to form The Canadian Imperial Bank of Commerce also known as “CIBC”.
- Canadian Commercial Bank
- Eastern Townships Bank with the Canadian Bank of Commerce in 1912.
- Montreal City and District Savings Bank or La Banque d’Epargne converted from a savings bank to a regular bank and changed its name to Laurentian Bank of Canada
- Continental Bank of Canada became Lloyds Bank of Canada
- The Dominion Bank merged with Bank of Toronto in 1955 to form the Toronto-Dominion Bank, now known as TD Bank Financial Group.
- Farmer's Bank of York, Upper Canada
- Farmers' Bank of Rustico is a community bank in Prince Edward Island that closed after the passage of the 1871 Bank Act.
- Home Bank
- Imperial Bank of Canada merged with Canadian Bank of Commerce to form the Canadian Imperial Bank of Commerce, also known by the initialism CIBC
- Lloyds Bank of Canada became HSBC Canada
- Molson Bank of Montreal was merged into the Bank of Montreal in 1925.
- Northland Bank
- National Bank of Greece's Canadian assets merged into Bank of Nova Scotia in 2005
- Standard Bank of Canada merged with Canadian Bank of Commerce in 1928
- Standard Chartered Bank of Canada
- Sterling Bank
- Unity Bank of Canada was acquired by Provincial Bank of Canada/Banque provinciale du Canada.
[edit] Credit agencies
- Equifax Canada
- TransUnion Canada
- Echo Group
