Article
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