B2B Bank
 | |
| Industry | Financial Service |
|---|---|
| Headquarters | Toronto, Canada |
Key people | Rania Llewelyn President & CEO |
| Revenue | $915 million CAD (2016) [1] |
| Owner | Laurentian Bank of Canada |
Number of employees | 896 (2016) |
| Website | b2bbank.com |
B2B Bank is a Schedule I Canadian bank that serves a network of some 27,000 financial professionals across key business verticals including: financial advisors and their dealerships; deposit and mortgage brokers and their firms; mutual fund and insurance manufacturers; MFDA and IIROC members.[2]
Operations
[edit]B2B Bank offers investment and Registered Retirement Savings Plan loans, broker deposits, broker mortgages, and investment and banking accounts to a network of 27,000 financial professionals including: financial advisors and their dealerships; deposit and mortgage brokers and their firms; mutual fund and insurance manufacturers; MFDA and IIROC members.[3]
History
[edit]B2B Bank is a wholly owned subsidiary of Laurentian Bank of Canada. In 1996, Laurentian Bank acquired North American Trust's personal and commercial portfolios forming a division known as Agency Banking. Four years later, Laurentian purchased Sun Life Trust Company and merged the business with the Agency Banking division. On July 1, 2000, the resulting organization was renamed B2B Trust. On July 7, 2012, the company became a Schedule I bank and was renamed B2B Bank. B2B Bank's head office is located in Toronto's financial district.[4]
Membership
[edit]B2B Bank is a member of the Canada Deposit Insurance Corporation (CDIC).[5]
It is also part of THE EXCHANGE Network owned by FICANEX.
References
[edit]- ^ "Annual & Quarterly Results".
- ^ "Corporate profile".
- ^ https://financialpost.com/news/b2b-trust-converts-to-chartered-bank
- ^ "Corporate profile".
- ^ "List of CDIC members". Archived from the original on 2011-07-02. Retrieved 2011-06-29.
