The first Continental Bank had its origins in 1925 when the Industrial Acceptance Corporation was founded.
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.
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.
It continues to operate under that name and focus on providing foreign exchange services through its 19 branches across Ontario.