Lloyds Bank of Canada

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Lloyds Bank of Canada
Subsidiary of Lloyds Bank plc
Industry Financial services
Fate Merged into HSBC Bank Canada
Predecessor Continental Bank of Canada
Successor HSBC Bank Canada
Founded Toronto, Ontario, Canada (1986 (1986))
Defunct 1990 (1990)
Headquarters Toronto, Ontario, Canada
Parent Lloyds Bank plc

Lloyds Bank of Canada was formed in 1986 when Lloyds Bank plc of the United Kingdom purchased the Continental Bank of Canada. This bank had been formed earlier in the 1980s when IAC, a financing company, decided to expand the scope of operations.

In 1990, after several years of losses, Lloyds Bank sold its Canadian operations to the Hongkong Bank of Canada, a subsidiary of London-based HSBC Holdings plc. In 1999, HBC changed its name to HSBC Bank Canada, consistent with HSBCs strategy of creating the global brand.

See also