History of failures

CDIC maintains a constant state of readiness to protect depositors in the unlikely event of a failure. Think of us as firefighters – always at the ready!

Below is a list of the failures we have handled since our creation in 1967. Over the years, CDIC has protected over 2 million depositors and contributed to maintaining confidence in our financial system.

Did you or someone you know benefit from CDIC’s protection in a past failure? Please let us know, and you could have the opportunity to help us raise awareness of deposit protection!

Member Institution

1996 - Security Home Mortgage Corporation
1995 - NAL Mortgage Company
1995 - North American Trust Company
1995 - Income Trust Company
1994 - Monarch Trust Company
1994 - Confederation Trust Company
1993 - Prenor Trust Company of Canada
1993 - Dominion Trust Company
1992 - First City Mortgage Company
1992 - First City Trust Company
1992 - Central Guaranty Trust Company
1992 - Central Guaranty Mortgage Corporation
1992 - Shoppers Trust Company
1991 - Standard Trust Company
1991 - Standard Loan Company
1991 - Saskatchewan Trust Company
1991 - Bank of Credit and Commerce Canada
1990 - Settlers Savings and Mortgage Corporation
1988 - Financial Trust Company
1987 - Principal Savings & Trust Company
1987 - North West Trust Company
1986 - Columbia Trust Company
1986 - Bank of British Columbia Mortgage Corporation
1986 - Bank of British Columbia
1985 - Western Capital Trust Company
1985 - Pioneer Trust Company
1985 - Northland Bank
1985 - London Loan Limited
1985 - Continental Trust Company
1985 - Canadian Commercial Bank
1985 - CCB Mortgage Investment Corporation
1984 - Northguard Mortgage Corporation
1983 - Seaway Trust Company
1983 - Seaway Mortgage Corporation
1983 - Greymac Trust Company
1983 - Greymac Mortgage Corporation
1983 - Fidelity Trust Company
1983 - Crown Trust Company
1983 - AMIC Mortgage Investment Corporation
1982 - District Trust Company
1980 - Astra Trust Company
1972 - Security Trust Company Limited
1970 - Commonwealth Trust Company