| has gloss | eng: :Several banks are commonly known as Citizens Bank. Citizens Bank of Canada is a British Columbia, Canada-based virtual bank owned by Vancouver City Credit Union (Vancity). From 1997 until 2009 Citizens Bank offered personal and business banking services over the internet. On August 5, 2009, Citizens Bank announced that it will focus its operations on Visa card services, and foreign exchange services for non-retail members, and will leave the personal banking marketplace. Citizens Bank will become a non-deposit-taking bank. Vancity has entered into an agreement to sell its residential mortgages, personal loans and real estate secured lines of credit to the Toronto-Dominion Bank. Savings and chequing accounts of B.C. customers will be transferred to Vancity in B.C., or to another financial institution of their choice. Customers outside of B.C. will have to transfer their accounts to other financial institutions. |
