TORONTO, July 21, 2016 /CNW/ - Home Trust Company
("Home Trust"), a wholly owned subsidiary of Home Capital Group
(TSX: HCG) ("Home Capital") today announced that CFF Bank, a wholly
owned subsidiary of Home Trust, will change its name to Home Bank
(in French, Banque Home), effective August
22, 2016.
"We are excited to introduce the Home Bank name as a new
addition to the Home Capital family," said Martin Reid, President and Chief Executive
Officer, Home Capital. "Home Bank is a second deposit issuer in our
deposit broker channel and for Oaken Financial. Home Bank
represents our ongoing commitment to adding new products to our
existing offering and also further advances Home Trust's deposit
diversification initiatives."
Customers and partners will receive additional information
regarding the name change in the coming weeks.
Home Capital Group Inc. is a public company, traded on the
Toronto Stock Exchange (HCG), operating through its principal
subsidiary, Home Trust Company. Home Trust is a federally regulated
trust company offering residential and non-residential mortgage
lending, securitization of insured residential first mortgage
products, consumer lending and credit card services. In addition,
Home Trust offers deposits via brokers and financial planners, and
through its direct to consumer deposit brand, Oaken Financial. Home
Trust also conducts business through its wholly owned subsidiary,
CFF Bank. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia,
Quebec and Manitoba.
SOURCE Home Capital Group Inc.