President's Choice Financial
The joint venture between Loblaws and CIBC started in 1996. PC Financial offers lines of credit, loans, Registered Retirement Savings Plan (RRSPs), and mortgages. Services are available in all Canadian provinces, except Quebec. Because PC Financial is part of the direct banking division of CIBC, its bank number is the same as CIBC (010). PC Financial accounts are all located under one transit number (30800).
To benefit from its low-cost, "no-fee" structure, clients perform transactions on the Internet, at an ATM, or by telephone.
Between January 2001 and October 2005, banking services for PC Financial were provided by Amicus Bank, a wholly owned subsidiary of CIBC. Outside of those dates, banking services were provided by the direct banking division of CIBC. Amicus is now a division of CIBC Retail Markets and is no longer a separate legal entity.
The bank has approximately 2.3 million customers.
Read more about this topic: President's Choice Financial
Famous quotes containing the words president, choice and/or financial:
“[If not re-elected in 1864] then it will be my duty to so co-operate with the President elect, as to save the Union between the election and the inauguration; as he will have secured his election on such ground that he can not possibly save it afterwards.”
—Abraham Lincoln (1809–1865)
“...there are important considerations in the world beyond plain sewing and teaching dull little boys the alphabet. Any woman who has brains and willing hands finds twenty remunerative occupations open to her where formerly she would have found merely the inevitable two—plain sewing, or the dull little boys. All she had to do is to make her choice and then buckle on her armor of perseverance, while the world applauds.”
—Clara (Marquise)
“Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.”
—Ambrose Bierce (1842–1914)