Amicus Bank
Encyclopedia
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| Canada Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean... |
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| Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT.... (CIBC) |
Amicus Bank was a wholly owned subsidiary of CIBC
Canadian Imperial Bank of Commerce
The Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....
which provided non-traditional banking to customers.
Within Canada, Amicus Bank was primarily responsible for operating President's Choice Financial
President's Choice Financial
President’s Choice Financial is a banking service provided by Loblaw Companies . Several different organizations provide individual financial services under the President's Choice Financial umbrella:...
. Amicus Bank briefly provided services under its own name through Bell Sympatico
Bell Sympatico
Bell Internet, originally and frequently called Sympatico, is the residential Internet service provider division of Bell Canada. It was affiliated with MSN. As of June 2009, Bell Internet had over 2 million subscribers in Ontario and Quebec and was the largest ISP in Canada.- History :Sympatico was...
's portal. It also took on the operation of non-branch automated banking machines (primarily stand-alone's at services stations, convenience stores) which were co-branded for Amicus Bank and CIBC.
The bank asked for and received approval from the Minister of Finance
Minister of Finance (Canada)
The Minister of Finance is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government's budget...
for voluntary dissolution. Services operated by Amicus Bank are now provided by the direct banking division of CIBC.
Amicus had an American unit, Amicus FSB, which it has since ceased operations due to cancellation of joint ventures south of the border. Amicus FSB partnered with Safeway grocery stores in western US states and Florida, doing business as Safeway SELECT Bank, and partnered with Winn-Dixie in Florida, doing business as Marketplace Bank. Amicus set up banking kiosks where customers could make deposits, apply for loans, and withdraw money.