Canada has a strong and competitive banking sector comprised of both domestic and foreign banks. 

There are 16 U.S. based bank subsidiaries and branches with around C$113 billion in assets currently operating in Canada. 

These banks specialize in a range of financial services, including corporate and commercial lending, treasury services, credit card products, investment banking and mortgage financing. They serve not only customers with cross-border business activities, but also Canada’s domestic retail market. U.S. banks now make up half of all foreign bank assets in Canada.

List of U.S. banks operating in Canada

• Amex Bank
• Citibank
• J.P. Morgan Bank
• Bank of America, National Association
• Bank of New York Mellon
• Capital One, National Association
• Citibank, National Association
• Comerica Bank
• Fifth Third Bank, National Association
• J.P. Morgan Chase Bank, National Association
• M&T Bank
• Northern Trust Company
• PNC Bank, National Association
• State Street Bank and Trust Company
• U.S. Bank National Association
• Wells Fargo Bank, National Association