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July 2016

Wealth One Bank of Canada Established as Schedule I Bank

Wealth One Bank of Canada is a federally chartered Schedule 1 Bank under the Bank Act. Began in 2012, a group of established Chinese Canadian immigrants recognized an opportunity to provide banking services to the Canadian Chinese community and all Canadians by establishing a new Schedule I Bank.

The first step of this vision was realized in July of 2015 when the Minister of Finance issued Letters Patent to form Wealth One Bank of Canada.

The vision was fully realized on July 7th, 2016 when the Superintendent of Financial Institutions (OSFI) officially granted an Order to Commence and Carry on Business allowing the new Bank to open its doors and begin serving customers in the community.