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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 over 753,000 Albertans and Alberta-based businesses. ATB has 175 branches and 141 agencies, serving a total of 243 communities in Alberta. Wealth management services are offered by ATB Investor Services or ATBIS. ATB has more than 5,300 employees. Headquartered in Edmonton, with total assets of C$51.9 billion (2018 Annual Report), ATB is the largest Alberta-based financial institution.ATB is not a chartered bank and, unlike all banks operating in Canada, is regulated entirely by the Government of Alberta under the authority of the Alberta Treasury Branches Act, RSA 2000, c. A-37, 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.
Author: Prostobank Consulting
Source: banks website