Citizens Bank of Canada

Citizens Bank of Canada
Citizens Bank of Canada
Type Bank
Industry Financial services
Founded Vancouver, British Columbia, 1997
Headquarters Vancouver, British Columbia
Key people Chris Dobrzanski - President & CEO [1]
Employees 380
Website citizensbank.ca
Several banks are commonly known as Citizens Bank.

Citizens Bank of Canada (French: Banque Citizens du Canada) is a British Columbia, Canada-based virtual bank owned by Vancouver City Credit Union (Vancity). From 1997 until 2009 Citizens Bank offered personal and business banking services over the internet. On August 5, 2009, Citizens Bank announced that it will focus its operations on Visa card services, and foreign exchange services for non-retail members, and will leave the personal banking marketplace. Citizens Bank will become a non-deposit-taking bank.[2] Vancity has entered into an agreement to sell its residential mortgages, personal loans and real estate secured lines of credit to the Toronto-Dominion Bank. Savings and chequing accounts of B.C. customers will be transferred to Vancity in B.C., or to another financial institution of their choice. Customers outside of B.C. will have to transfer their accounts to other financial institutions.

Contents

Boutiques

Citizens Bank operated three boutiques, one each in Calgary, Vancouver and Toronto where members and the public could find out more information about and apply for the bank's products.[3]

Products offered

Personal

Business

As a chartered financial institution, deposit accounts are insured by Canada Deposit Insurance Corporation (CDIC).

Social responsibility

Citizens Bank incorporates its ethical policy[4] into doing business, so as to ensure they do business in a socially responsible manner.

This policy covers five key areas:

  • ethical business practices
  • environmental leadership
  • respect and fair treatment
  • healthy communities
  • peaceful communities

On April 9, 2008, Citizens Bank of Canada became the first North American bank to become fully carbon neutral, as announced publicly by David Suzuki. They also administer hockeystars.com, an online community site for players, coaches and supporters of amateur hockey.

References

External links



Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Citizens Bank — may refer to: Financial institutions: Citizens Bank of Canada, a virtual bank headquartered in British Columbia Citizens Bank International Ltd., a bank in Nepal Citizens Financial Group, an American bank headquartered in Rhode Island, subsidiary …   Wikipedia

  • National Bank of Canada — This article is about a commercial bank. For Canada s central bank, see Bank of Canada. National Bank of Canada Banque Nationale du Canada Type Public company Traded …   Wikipedia

  • Manulife Bank of Canada — The Manulife Bank of Canada (Manulife Bank) (French: Financiére Manuvie) is a Schedule I federally chartered bank and a wholly owned subsidiary of the Manufacturer’s Life Insurance Company of Canada (Manulife Financial). It was established on… …   Wikipedia

  • Laurentian Bank of Canada — Type Public Industry Chartered Banks Founded 1846 as Banque d Épargne de la Cité et du District …   Wikipedia

  • Continental Bank of Canada — Location: Toronto, Ontario, Canada First President: Existed: 1980 1986 Merged into modern day HSBC Bank Canada The Continental Bank of Canada was a chartered bank formed in Canada when IAC, a financing company, decided to expand the scope of… …   Wikipedia

  • Consolidated Bank of Canada — Location: Toronto, Ontario, Canada First President: Existed: 1876 1880 liquidated in 1882 The Consolidated Bank of Canada was created from the merger of City Bank and Royal Canadian Bank in 1876, but collapsed in 1880 and finally liquidated in… …   Wikipedia

  • CTC Bank of Canada — The CTC Bank of Canada is a commercial bank based in Vancouver, British Columbia with three branches. It is a subsidiary of Taiwan based Chinatrust Commercial Bank, the most profitable bank in Taiwan. External links CTC Bank of Canada web site …   Wikipedia

  • Royal Bank of Canada — Infobox Company name = Royal Bank of Canada Banque Royale du Canada type = Public (tsx|RY, nyse|RY) foundation = , 1864 location = Montreal, Quebec Toronto, Ontario, Canada key people = Gordon Nixon President CEO industry = Financial services… …   Wikipedia

  • Canada Wide Media — Limited is an independently owned publishing company in Western Canada, based in Burnaby, British Columbia. Contents 1 History 2 Trivia 3 Publications 3.1 Magazines …   Wikipedia

  • CANADA — CANADA, country in northern half of North America and a member of the British Commonwealth. At the beginning of the 21st century, its population of approximately 370,000 Jews made it the world s fourth largest Jewish community after the United… …   Encyclopedia of Judaism

Share the article and excerpts

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