Bank and Trust Notices: Continuance and Amalgamation

Summary#

• This Canada Gazette notice collects several short corporate and administrative items.
• It says Exchange Bank of Canada plans to apply to become a corporation under the Canada Business Corporations Act; Fiduciary Trust Company of Canada and 17440961 Canada Inc. plan a conditional amalgamation; and Home Bank and Home Trust Company changed the Quebec address for certain enforcement notices. The Gazette publication date is January 3, 2026.

What it does#

• Exchange Bank of Canada: Announces an intention to apply, on or after January 6, 2026, to the Minister of Finance for a certificate of continuance under the Canada Business Corporations Act, moving away from its current status under the Bank Act. The bank can still withdraw the application before the Minister acts. The notice warns that publication does not mean approval has been or will be given.
• Fiduciary Trust Company of Canada and 17440961 Canada Inc.: Say they will apply for letters patent to amalgamate under the Trust and Loan Companies Act and continue under the name Fiduciary Trust Company of Canada (English) / La Société Fiduciary Trust du Canada (French). The head office would be in Mississauga, Ontario. The amalgamation is conditional on a proposed acquisition of control of Fiduciary Trust Company of Canada; if that acquisition does not happen, they will not amalgamate.
• Home Bank: Notifies a change of its designated Quebec office for service of enforcement notices to 630 René‑Lévesque Boulevard West, Suite 1400, Montréal, Quebec H3B 1S6, under the Support Orders and Support Provisions (Banks and Authorized Foreign Banks) Regulations. (Notice dated October 28, 2025.)
• Home Trust Company: Makes the same type of notice and gives the same new Quebec address under the Support Orders and Support Provisions (Trust and Loan Companies) Regulations. (Notice dated October 28, 2025.)

Who's affected#

• Customers and creditors of Exchange Bank of Canada who may want to watch for any changes that follow if the bank’s corporate status changes.
• Shareholders, employees, and counterparties of Fiduciary Trust Company of Canada and 17440961 Canada Inc., because the proposed amalgamation depends on a planned change in control.
• Lawyers, enforcement agencies, and anyone who needs to serve enforcement or support-related notices in Quebec to Home Bank or Home Trust Company — they must now use the new Montréal address.
• The Minister of Finance and relevant federal regulators, since approvals are required before the continuance or amalgamation can take effect.

Why it matters#

• If approved, Exchange Bank of Canada moving to the Canada Business Corporations Act would change the corporate framework that governs it; that can affect corporate rules and who reviews major transactions (the notice does not say approval has been given).
• The planned amalgamation of Fiduciary Trust Company of Canada and 17440961 Canada Inc. is tied to a proposed acquisition. That means the merger only happens if the acquisition clears regulatory review, so customers and counterparties should watch for further regulatory announcements.
• The address changes for Home Bank and Home Trust Company matter practically: any legal or enforcement documents that must be formally served in Quebec should be sent to the new Montréal office.