|Founded||Rocky Mountain House, Alberta, 1938|
Dave Mowat, President and CEOBrian Hesje, Chairman of the Board
|Products||Financial services, Wealth Management|
|Revenue||$8.5 billion CAD (2011)|
Alberta Treasury Branches, doing business as ATB Financial, is a financial institution and crown corporation owned by the Province of Alberta. ATB operates in Alberta only, providing financial services to 680,000 Albertans and Alberta-based businesses. ATB has 167 branches and 130 agencies, serving a total of 242 communities in Alberta. Wealth management services are offered under the name ATB Investor Services or ATBIS. ATB has more than 5,300 employees.
Headquartered in Edmonton, Alberta, Canada, with total assets of C$36.4 billion, ATB is the largest Alberta-based financial institution.
ATB is not a chartered bank, and unlike all banks operating in Canada, ATB is regulated entirely by the Government of Alberta, under the authority of the Alberta Treasury Branches Act, Chapter A-37.9, 1997, and Treasury Branches Regulation 187/97. The legislation is modeled on the statutes and regulations governing other financial institutions and other guidelines to financial institutions issued by the federal Office of the Superintendent of Financial Institutions and the Canada Deposit Insurance Corporation. ATB Financial is one of fifteen financial institutions that participates in Canada's Large Value Transfer System.
ATB was created by the first Social Credit government of Premier William Aberhart on September 29, 1938, after earlier attempts to impose government control over banks operating in Alberta were thwarted by the federal government. The first Alberta Treasury Branch was opened in Rocky Mountain House on September 29 of that year. ATB is the most significant surviving remnant of social credit economic policies in Alberta.
In the 1990s, the government reformed ATB with the intention of transforming it into a competitive financial institution. An independent board of directors was established in 1996. On October 8, 1997, ATB formally became a provincial crown corporation. Since then, it has operated under a board of directors selected by the Alberta government. It adopted the moniker ATB Financial in January 2002.
- In October 2008, ATB was named one of Alberta’s Top Employers by Mediacorp Canada Inc., which was announced by the Calgary Herald and the Edmonton Journal.
- Named one of Alberta’s top 35 companies to work for.
- Received honourable mention in Alberta Venture’s awards for the Best Workplace for Volunteerism and Community Involvement, the Best Workplace for Working Parents, and the Best Workplace for Millennials.
- Awarded Outstanding Corporation award in the Edmonton Philanthropy Day celebrations.
- Canadian Payments Association
- Interac Association
- MasterCard Canada
- Interac Network
- Alberta Regional Network (ARN)
Contribution to the Community
ATB's community investment program includes sponsorships, donations, associate volunteerism, community contributions, and corporate fundraising programs. They have provided $674,000 in charitable donations, $1 million in corporate sponsorships, $1.1 million in fundraising for charitable causes, and volunteer hours.
- Prosperity certificate
- Province of Ontario Savings Office (Government of Ontario savings bank 1922-2003)
- ATB Financial 2011 Annual Report
- ATB Financial legal disclaimers - "Alberta Treasury Branches is the owner of the trade name/ trade mark ATB Financial."
- "Peter Puck's last stand". Archived from the original on 2009-11-05. Retrieved 29 June 2013.
- ATB Financial 2011 Annual Report
- "Calgary Herald, "Alberta’s top 40 places to work", October 18, 2008".
- "Edmonton Journal, "Alberta's best focus on attracting, keeping staff", October 31, 2008".
- "Reasons for Selection, 2009 Alberta's Top Employers competition".
- ATB Financial
- "ATB faces new reality" Edmonton Journal December 22, 2007
- ATB Business Plan 2009–2011