Exchange Bank seeks continuance under CBCA

Summary#

Exchange Bank of Canada says it intends to ask the Minister of Finance for permission, on or after January 6, 2026, to apply for a certificate of continuance under the Canada Business Corporations Act. The notice was filed in the Canada Gazette on December 27, 2025 (signed by the bank on December 13, 2025).

What it does#

• Announces that Exchange Bank of Canada will seek ministerial approval to apply for continuance as a corporation under the Canada Business Corporations Act.
• Says the bank’s board can withdraw the application before the Minister acts, without getting more approval from the sole shareholder.
• Makes clear that publishing the notice is not the same as getting approval. Any approval would depend on the Minister’s review and discretion.

Who's affected#

• Most directly: Exchange Bank of Canada’s shareholders and the bank itself.
• Likely to matter to the bank’s customers, employees, and business partners, though the notice does not say whether day-to-day services or accounts will change.
• The Minister of Finance and any federal reviewers who will consider the application.

Why it matters#

• If approved, the bank would be seeking to change the law under which it is organized. That can affect corporate governance rules and shareholder arrangements.
• The notice does not say whether regulatory oversight or customer protections will change, so the real impacts are uncertain until further announcements or a decision.
• People connected to the bank should watch for follow-up notices or statements from the bank or the Minister of Finance.