Sears Canada Bank

Sears Canada Bank

Sears Canada Bank was created to service the Sears credit cards issued by Sears Canada. The company did not provide any other financial services. The Bank was purchased by JPMorgan Chase.

History

Sears Canada was founded in 1953 by Sears Roebuck of Chicago and operating under joint ventures with Simpsons Ltd. as Simpsons-Sears. It later ended the relationship and began to build on its own. It later acquired Simpsons stores through bankruptcy in the 1990s. Sears Canada Bank was established in 2003 by the Office of the Superintendent of Financial Institutions (OSFI). JPMorgan Chase purchased Sears Canada Bank in 2005. Chase Card Services Canada is the current issuer of two Sears Canada credit card products, Sears Card and Sears MasterCard.

ervices

Services previously offered by Sears Canada Bank:
* Sears Card
* Sears Club
* Card Assist
* Family First
* New Outlook
* Sears Passport To Travel
* Sears Welcome Home
* Insurance Services
* SearsConnect

Executive

* G. Bruce Clark - CEO

Membership

Sears Canada Bank was a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks.


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Sears Canada — Infobox Company company name = Sears Canada Inc. company company type = Public (tsx|SCC) (54.3% of common stock owned by Sears Holdings Corporation) foundation = 1952 (joint venture of Simpson s and Sears) location = Toronto, Ontario, Canada… …   Wikipedia

  • Bank of the Manhattan Company — The Bank of the Manhattan Company (established 1799) is the earliest of the predecessor institutions that eventually formed the current JPMorgan Chase Co. History As background, the first corporate bank in New York, organized by Alexander… …   Wikipedia

  • Sears Holdings Corporation — For the 2009 Federal Trade Commission case see In the Matter of Sears Holdings Management Corporation. Sears Holdings Corporation Type Public Traded as NASDAQ …   Wikipedia

  • cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources …   Universalium

  • Canada — /kan euh deuh/, n. a nation in N North America: a member of the Commonwealth of Nations. 29,123,194; 3,690,410 sq. mi. (9,558,160 sq. km). Cap.: Ottawa. * * * Canada Introduction Canada Background: A land of vast distances and rich natural… …   Universalium

  • Bank of America — Not to be confused with First Bank of the United States, Second Bank of the United States, or Bank of United States. Bank of America Corporation Type Public Traded as …   Wikipedia

  • List of banks in Canada — Government= *Bank of Canada (Central Bank) *Business Development Bank of CanadaThe 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 …   Wikipedia

  • Chase Card Services Canada — is the Canadian arm of Chase Card Services, a division of JPMorgan Chase.HistoryChase Card Services Canada was established in 2005 with the purchase of Sears Canada Bank.ProductsChase Card Services Canada currently issues the following credit… …   Wikipedia

  • Chase (bank) — For the building, see Chase Tower (Chicago) Chase The 2005–present logo Type Subsidiary Industry Banking Founded …   Wikipedia

  • Chemical Bank — This article is about the former bank headquartered in New York. For Chemical Bank in Michigan, see Chemical Financial Corporation. Chemical Bank Chemical Bank s logo from after their 1991 acquisition of Manufacturers Hanover until its purchase… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”