List of banks in Canada

List of banks in Canada

=Government=

*Bank of Canada (Central Bank)
*Business Development Bank of Canada

The "Big Six"

Canada's "big six" banks, in order of both assets and market capitalization:
* 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

Major credit unions

*Desjardins Group (Mouvement des caisses populaires Desjardins): is Canada’s largest credit union with CAD $144 billion in 2007. The Desjardins Group has more assets than the National Bank of Canada (a member of the Big Six), and is the largest private employer in Quebec.
*VanCity: VanCity is Canada’s second largest credit union with CAD $14.1 billion in assets in 2007. Based in Vancouver, British Columbia.
*Coast Capital Savings: Coast Capital Savings is Canada’s third largest credit union with CAD $8.9 billion in assets and $1.7 billion in mutual funds in 2006. Based in Surrey, British Columbia.
*Envision Financial: Envision Financial is a large credit union in Canada with CAD $3.8 billion in assets and over 100,000 members in 2007. Based in Langley, British Columbia.
*North Shore Credit Union: North Shore Credit Union (NSCU) is a large credit union in Canada with CAD $2.0 billion in assets and over 40,000 members. Based in North Vancouver, British Columbia.
*Alterna Savings: Alterna Savings is a large credit union in Canada with CAD $1.7 billion in assets in 2006. Based in Toronto and Ottawa, Ontario.

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

Foreign banks with operations in Canada

* AMEX Bank of Canada (a subsidiary 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 (Portugal)
* Bank of East Asia (Canada) (Hong Kong)
* Bank of Cyprus
* BNP Paribas [http://www.bnpparibas.ca/en/home/default.asp]
* BPI Bank (Portugal)
* Butterfield Bank (a subsidiary of Butterfield Bank of Bermuda)
* Citibank Canada (a subsidiary of Citigroup of the United States)
* CTC Bank of Canada (a subsidiary of Canadian Tire Corporation)
* Deutsche Bank (Germany)
* Glitnir (a subsidiary of Glitnir bank of Iceland)
* ICICI Bank Canada (India)
* ING Bank of Canada (the Netherlands)
* 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
* State Street Corporation (United States)
* Totta (a subsidiary of Banco Santander Totta of Portugal)

chedule 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

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.

Credit agencies

*Equifax Canada
*TransUnion Canada
* Echo Group

ee also

* Banking in Canada
* Credit Union
* Canadian transit number
* Canada Bank Company

External links

* [http://www.osfi.gc.ca/WWWapps/lists/eng.asp?s=1&g=1 List of Canadian banks at Office of the Superintendent of Financial Institutions]
* [http://www.cra-arc.gc.ca/E/pub/em/edm2-2-4/edm2-2-4-e.pdf List of Canadian banks via the Canada Revenue Agency website]


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