ATB Financial
ATB Financial is a financial institution and Crown corporation wholly owned by the province of Alberta, the only province in Canada with such a financial institution under its exclusive ownership.
| Formerly | Alberta Treasury Branches (1938–2017) |
|---|---|
| Company type | Crown corporation |
| Industry | Financial services |
| Founded | September 29, 1938 in Rocky Mountain House, Alberta |
| Headquarters | ATB Place, Edmonton, Alberta |
Key people |
|
| Products | Retail and business financial services, Wealth Management |
| Revenue | Can$1.78 billion (2021) |
Net income | Can$210.53 million (2021) |
| Total assets | Can$55.76 billion (2021) |
| Total equity | Can$4.07 billion (2021) |
| Owner | Government of Alberta |
Number of employees | 5,044 (FTE, 2021) |
| Website | www |
Originally established as Alberta Treasury Branches in 1938, ATB Financial operates only in Alberta and provides financial services to over 800,000 Albertan residents and businesses. It is the largest public bank in North America and Alberta’s largest financial institution based in the province. Headquartered in Edmonton, ATB Financial has over 5000 employees.
ATB is not a chartered bank, meaning it is not regulated by the Canadian federal government under the Bank Act and associated regulations. ATB is instead regulated entirely by the Government of Alberta under the authority of the ATB Financial Act and associated regulations; the legislation is modeled on the statutes, regulations, and guidelines which govern banks and other federally chartered financial institutions. ATB is not a member of the Canada Deposit Insurance Corporation or Alberta's provincial Credit Union Deposit Guarantee Corporation; deposits are instead fully guaranteed by the Government of Alberta itself. ATB Financial is one of fifteen financial institutions that participates in Canada's Large Value Transfer System.