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The 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.[1] This small bank struggled for several years before being acquired by Lloyds Bank of the United Kingdom. Continental Bank became "Lloyds Bank of Canada" in 1986. After several years of losses, Lloyds Bank sold its Canadian operations to Hongkong Bank of Canada (HBC) in 1990. HBC merged Lloyds Bank of Canada with its existing operations into what is now HSBC Bank Canada.
See also: List of banks in Canada