B2B Bank
 | |
| Industry | Financial Services |
|---|---|
| Headquarters | Toronto, Canada |
Key people |
François Desjardins, President & CEO |
| Revenue | $126 million CAD (2011) [1] |
Number of employees | 630 (2013) |
| Website | b2bbank.com |
B2B Bank is a Schedule I Canadian bank that offers banking products and services to a network of Canadian financial advisors.[2]
Operations
B2B Bank offers investment and Registered Retirement Savings Plan loans, broker deposits, broker mortgages, and self-directed and banking accounts to a network of 15,000 financial professionals including: financial advisors and their dealerships; deposit and mortgage brokers and their firms; mutual fund and insurance manufacturers; MFDA and IIROC members.[3]
History
B2B Bank is a wholly owned subsidiary of Laurentian Bank of Canada. In 1996, Laurentian Bank acquired North American Trust's personal and commercial portfolios forming a division known as Agency Banking. Four years later, Laurentian purchased Sun Life Trust Company and merged the business with the Agency Banking division. On July 1, 2000, the resulting organization was renamed B2B Trust. On July 7, 2012, the company became a Schedule I bank and was renamed B2B Bank. B2B Bank's head office is located in Toronto's financial district.[4]
Membership
B2B Bank is a member of the Canada Deposit Insurance Corporation (CDIC).[5]
References
- ↑ http://www.myvirtualpaper.com/doc/blc/lbc_ar201/2012012501
- ↑ http://business.financialpost.com/2012/07/09/b2b-trust-converts-to-chartered-bank/
- ↑ http://www.montrealgazette.com/business/Laurentian+subsidiary+Trust+converts+chartered+bank+status/6905662/story.html
- ↑ https://b2bbank.com/about-us/corporate-profile.sn
- ↑ http://www.cdic.ca/members.html