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Concentra Financial

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Concentra
Bank
IndustryFinancial services
HeadquartersSaskatoon, Saskatchewan
Key people
Don Coulter, President/CEO
Number of employees
300
Websiteconcentra.ca

Concentra is a Canadian wholesale bank and trust company, providing financial and trust services to over 250 Canadian credit unions. Concentra Bank is owned by its members who include credit unions, provincial credit union centrals and other financial co-operatives.[1] Concentra Trust is a wholly owned subsidiary of Concentra Bank and provides trust services through credit unions across Canada.

As of 2017, Concentra has $39.1 billion in assets under administration, holds $9.4 billion in assets, and serves 85% of Canada's credit unions.[2]

Key services fall into the following categories:[3]

  • Capital Markets and capital management
  • Trust services
  • Leasing and financing
  • Credit, Liquidity, Mortgage and Deposit Services
  • Asset management

Examples of these services include consulting, processing SWIFT fund transfers, foreign currency services, capital management, risk management, commercial and residential loan purchase and syndication, term deposits, etc.

Concentra's head office is located in Saskatoon, with additional offices in Regina, Toronto and Surrey.[4]

In 2016, Concentra acquired TD Bank Group's indirect home improvement financing assets for $339 million.[5]

References[edit]

  1. [https://www.newswire.ca/news-releases/new-concentra-bank-focused-on-canadas-credit-union-system-609772255.html Canada News Wire, "New Concentra Bank focused on Canada's credit union system", 5 Jan 2017
  2. [https://www.newswire.ca/news-releases/new-concentra-bank-focused-on-canadas-credit-union-system-609772255.html Canada News Wire, "New Concentra Bank focused on Canada's credit union system", 5 Jan 2017
  3. "Concentra". concentra.ca. Retrieved 11 May 2017.
  4. "Locations". concentra.ca. Retrieved 11 May 2017.
  5. Johnstone, Bruce (2016-09-16). "Concentra blasts off into "fintech space" with $339M deal with TD Bank". Leader-Post. Retrieved 2018-01-29.

External links[edit]



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