True North Mortgage Inc., a Calgary-headquartered mortgage broker, has taken a step toward opening a bank of its own. The proposed bank would be named Think Bank, and it would provide “consumer retail and mortgage services to Canadian residents,” the notice said. True North opened its first store in 2006 and it has 11 locations in Alberta, British Columbia, Ontario, Quebec and Nova Scotia. According to its LinkedIn page, True North has between 51 and 200 employees. Eisner said True North would remain the approved lender even after the bank is launched, as their current plan does not include the bank funding insured mortgages.

Source: National Post January 02, 2019 23:41 UTC