Listing of Canadian Banks

 

Canada’s Big Five Banks

BANK Also Known As # of Employees NET Income (billions)

Royal Bank of Canada RBC 91,427 (2022) 15.8 (2022)

Toronto Dominion Bank TD, TD Canada Trust 94,945 (2022) 13.3 (2022)

Bank of Nova Scotia ScotiaBank 90,979 (2022) 7.5 (2022)

Bank of Montreal BMO 45,513 (2022) 10.3 (2022)

Canadian Imperial Bank of Commerce CIBC 50,427 (2022) 4.7 (2022)

SCHEDULE 1 BANKS (Domestic BANKS)

  • Established in 1998 with HQ in Toronto and owned by ScotiaBank.

    NOTES:
    Formerly Dundee Bank of Canada. Subsequently renamed Hollis Canadian Bank until its current name ADS Canadian Bank.

  • Established in 2012 with HQ in Toronto and owned by Laurentian Bank of Canada.

    NOTES: Prior to reorganization in 2012, it was known as "B2B Trust".

  • Established in 1817 with HQ in Montreal. It is a public company, part of the Big Five.

  • Established in 1832 with HQ in Toronto. It is a public company, part of the Big Five.

    NOTES: Operating as “Scotiabank”

  • Established in 2006 with HQ in Calgary. It is a wholly-owned subsidiary of Alberta Motor Association (AMA).

  • Established in 1961 with HQ in New Brunswick and owned by the Federal Credit Union.

    NOTES: Operating as UNI Financial Cooperation. On July 1, 2016, it became the first federally chartered credit union.

  • Established in 1946 with HQ in Toronto. It is a public company, part of the Big Five.

    NOTES: It was formed by the merger of two banks founded in 1867 and 1873. Also includes Simplii Financial direct banking branch operation that was founded in the late 1990s as a strategic partnership between PC Financial and CIBC until 2017 when it was rebranded as Simplii Financial.

  • Established in 2003 with HQ in Oakville, Ontario and owned by Canadian Tire Corporation.

  • Established in 1988 with HQ in Edmonton. It is a public company, regional bank.

    NOTES: Formed through the 1988 merger of two banks: the Bank of Alberta (founded 1984), and the Western & Pacific Bank of Canada (founded 1982).

  • Established in 1940 with HQ in Surrey, British Columbia and owned by the Federal Credit Union.

    NOTES: From October 17 to November 28, 2016, a vote was held for members on whether or not Coast Capital Savings should become a federal credit union.

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