Canadian Treasurer

September 7, 2016

New Schedule I Bank opens with a focus on Chinese Canadians

TORONTO--Wealth One Bank of Canada launched the nation's first federally chartered Schedule I Bank founded by Chinese Canadian entrepreneurs and with a special focus on the Chinese Canadian community.

"We are pleased to be launching Wealth One, a community-focused bank with a vision to become a preferred bank among Chinese Canadians," said Wealth One President and CEO, Charles Lambert. "At the heart of this bank is a team with a deep knowledge and respect for Chinese values and culture, and frontline financial services managers who are fluent in Chinese and English."

Shenglin Xian, the Bank's founding shareholder added, "With the tremendous growth we've seen in the Chinese Canadian community, the opening of Wealth One presents a significant opportunity and a historic moment for our community."

Wealth One's financial products include personal and business deposits, residential and commercial mortgages with services available online, by phone or in person. Wealth One has opened offices in the Greater Toronto Area (GTA) and Vancouver with an eye on cross-country expansion in the years to come.

Opened in 2016, Wealth One Bank of Canada is a Canadian Schedule I Bank committed to providing great customer service and products to all Canadians with a focus on the Chinese Canadian community. With relevant financial solutions and a deep knowledge and respect for Chinese values and culture, Wealth One's vision is to be a preferred bank for Chinese Canadians.



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