About CDIC

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 more than two million depositors and contributed to maintaining confidence in our financial system.

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

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