- Canada Trust
CT Financial Services Inc. was a
trust company that was founded inLondon, Ontario and later had its headquarters inToronto, Ontario and operated inCanada through subsidiaries including Canada Trustco Mortgage Company and The Canada Trust Company.In the
United States , CT Financial operated through "First Federal Savings and Loan Association". First Federal was founded in 1896, and operated through 82 branches throughoutNew York State.Canada Trust was a trust company that offered the same services as a bank. It was one of Canada's largest non-bank financial institutions, with $38 billion in deposits and $176 billion in assets. It had 11,000 employees and 3.5 million customers and operated a network of 413 branches across Canada; and almost 1,000 automated banking machines. Its banking machines were, at one point in the late 80s/early 90s, called Johnny Cash Machines. They were even promoted with lifesize cutouts of
Johnny Cash asking the question, "Why walk the line?", a reference to one of his hit songs.CT Financial also operated other divisions including Truscan Realty Limited, CT Insurance Limited and Canada Trust Bank N.V.
On February 1, 2000,
Toronto-Dominion Bank completed its $8 billion acquisition of CT Financial Services Inc. Canada Trust became a division of TD Bank and is now known asTD Canada Trust .External links
* [http://www.tdcanadatrust.com/cdic/index.jsp#ctc CT Information Page]
* [http://www.tdcanadatrust.com/cdic/index.jsp#trustco CT Mortgages]
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