The Continental Bank of Canada was a chartered bank formed in Canada when IAC, a financing company, decided to expand the scope of operations in the 1980s. This small bank struggled for several years before being acquired by Lloyds Bank of the United Kingdom. Continental Bank became "Lloyds Bank of Canada" in 1986. After several years of losses, Lloyds Bank sold its Canadian operations to Hong Kong Bank of Canada (HBC) in 1990. HBC merged Lloyds Bank of Canada with its existing operations into what is now HSBC Bank Canada.
On December 8, 2013 the Honourable Jim Flaherty, Minister of Finance, signed Letters Patent of Continuance for Continental Bank of Canada (“Continental”), thereby chartering Canada’s newest bank. Continental continues the operations of Continental Currency Exchange Corporation (CCE), Canada’s largest independent retail foreign exchange dealer with 17 branches across Ontario. Canadian owned and operated, Continental offers innovative banking through specialized products and services.