The Continental Bank of Canada was a chartered bank in Canada founded in 1977 that existed until 1996. In 2013, investors not related to that bank attempted to establish a new bank under that name, but the project did not succeed.
First Continental Bank
The first Continental Bank had its origins in 1925 when the Industrial Acceptance Corporation was founded.[1] It became IAC, a financing company, in 1970. Continental Bank of Canada was chartered in 1977 when IAC decided to expand the scope of operations,[1][2] and began business in June 1979. It had its head office at 130 Adelaide St. West, Toronto. In 1981, it was Canada's ninth-largest bank with 70 branches across the country, and assets at June 30 of $1.6 billion.[3] Also in that year, Continental Bank absorbed its parent company, IAC.[4]