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.
|Founded||Rocky Mountain House, Alberta, 1938|
|Headquarters||ATB Place, Edmonton, Alberta|
|Curtis Stange, President and CEO, Brian Hesje, Chairman of the Board|
|Products||Financial services, Wealth Management|
|Revenue||$1.6 billion CAD|
|Owner||Government of Alberta|
Number of employees
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, regulations, and guidelines which govern federally-chartered banks and other financial institutions. ATB is not a member of the Canada Deposit Insurance Corporation or Alberta's provincial Credit Union Deposit Guarantee Corporation, deposits are instead fully guaranteed by the Government of Alberta itself. 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 brand name ATB Financial in January 2002.
- In 2017, ATB was named second best workplace in all of Canada by Great Place to Work.
- In 2015, ATB was named one of Alberta's Top Employers by Mediacorp Canada Inc.
- Ranked 4 of Canada's Top 50 Best Workplaces, Large and Multinational in 2016.
- Received two governance awards from the Canadian Society of Corporate Secretaries in 2014.
- Awarded Outstanding Corporation award in the Edmonton Philanthropy Day celebrations.
- ATB won the People's Choice Award for Alberta BoostR at the 2014 North America Corporate Entrepreneur Awards
- "Annual Report 2018". ATB Financial. Archived from the original on 5 June 2018. Retrieved 16 October 2018.
- ATB Financial legal disclaimers Archived 2009-06-17 at the Wayback Machine - "Alberta Treasury Branches is the owner of the trade name/ trade mark ATB Financial."
- "Financial service providers regulated in Alberta". Alberta.ca. Government of Alberta. Retrieved 14 July 2019.
The repayment of money deposited with ATB Financial and interest payable on that money is guaranteed by the Alberta government.
- Greenwood, John (10 May 2011). "Is Alberta Treasury Branches the nation's strongest bank?". Financial Post. Postmedia Network. Retrieved 14 July 2019.
- "Alberta Treasury Branches and the Edmonton Oilers sale". atb.com. October 2, 1997. Archived from the original on 2003-12-17. Retrieved 2015-04-04.
- "Peter Puck's last stand". Archived from the original on 2009-11-05. Retrieved 29 June 2013.
- "www.prairiepost.net". www.prairiepost.net. Archived from the original on 2016-01-08. Retrieved 2015-12-27.
- "Archived copy". Archived from the original on 2005-04-18. Retrieved 2009-06-27.CS1 maint: Archived copy as title (link)
- "2018 Annual Report" (PDF). atb.com. Archived (PDF) from the original on 14 September 2016. Retrieved 25 May 2018.
- "The Best Workplaces in Canada". Retrieved 25 May 2018.
- "Alberta's Top Employers 2015". canadastop100.com. Retrieved 9 June 2015.
- "Best Workplaces in Canada". greatplacetowork.ca. Archived from the original on 23 July 2016. Retrieved 26 July 2016.
- "Excellence in Governance Awards". cscs.org. Archived from the original on 2015-04-17. Retrieved 9 June 2015.
- "ATB Financial recognized for crowdfunding platform". Archived from the original on January 2, 2015. Retrieved December 19, 2014.