Lloyds Bank Canada was a wholly owned Canadian subsidiary of Lloyds Bank Plc of the United Kingdom from 1986 to 1990.
[2] Continental Bank had been formed earlier in the 1980s, when Niagara Finance Company, later IAC Limited, decided to expand the scope of operations.
In 1989, after several years of losses, agreement was reached for the sale of Lloyds Bank's interest in the whole of the issued share capital of the Canadian operation to the Hongkong Bank of Canada, a subsidiary of London-based HSBC Holdings, for a consideration of CAD 190 million.
[3] In 1999, HBC changed its name to HSBC Bank Canada, consistent with its parent's strategy of creating a global brand.
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