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General Bank signs on with DealerAccess
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2006-02-10
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Toronto, Ontario (January 25, 2005) - DealerAccess announced today that General Bank of Canada has signed an agreement to offer its automotive financing services through the DealerAccess portal. General Bank of Canada is the country’s 20th Schedule 1 chartered bank, and their core products are auto loans and guaranteed investment certificates.
“DealerAccess is very happy to have General Bank join our growing network of Canadian lenders,” said David Trinder, President and CEO of DealerAccess Canada Inc. “Their innovative distribution model makes them a natural partner for DealerAccess. With their exclusive focus on automotive financing, we look forward to helping them grow their presence in the Canadian market.”
“We are very impressed by how the dealer community has so broadly accepted the DealerAccess portal. They’ve done a tremendous job of adding functionality to their portal, and they worked hard to earn our business,” said Gord Mooney, Chief Operating Officer of General Bank of Canada. “By connecting to the DealerAccess portal, we expect to improve our turn-around time for our dealers, and increase the size of our dealer network.”
The addition of General Bank brings the total number of lenders on the DealerAccess portal to 22, including both prime and sub-prime lenders.
About the DealerAccess Portal
The DealerAccess platform provides dealers with an electronic application with connectivity to financial institutions that delivers customer credit decisions in seconds. Fast, flexible, and free to the dealer, the platform combines the convenience and reliability of a desktop-based application with the security of an offsite data management system. The application includes a suite of tools to help dealers seamlessly put together deals that recognize the lender’s requirements.
About DealerAccess Canada Inc.
DealerAccess Canada Inc., an affiliate of DealerTrack, Inc. (www.DealerTrack.com), is a leading technology solution provider to the automotive finance sector in Canada. Their innovative portal enables dealers to connect through the Internet to multiple lending institutions that provide loans and leases to car buyers at the point-of-sale. DealerAccess currently offers financing from 21 national and regional lenders including Alterna Savings , BMO Financial Group, Bank West, Capital City Savings, Community Credit Union, Conexus Credit Union, CU DealerFinance, CU DealerLink, FinanciaLinx, First Calgary Savings and Credit Union, General Bank of Canada, HSBC Bank Canada, National Bank of Canada, Prince Albert Credit Union, RBC Financial Group, Saskatoon Credit Union, TD Canada Trust, Travelers Financial Group, VFC, Wells Fargo Financial Acceptance, and WS Leasing. More information on DealerAccess Canada Inc. can be found at www.DealerAccess.com.
About General Bank of Canada
General Bank of Canada, based in Edmonton, Alberta, offers greater choice in vehicle financing. Their parent company, Firstcan Management Inc., has been providing automotive services and insurance throughout Canada for the past twenty years.
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CDIC Welcomes New Member Institution
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2005-12-06
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OTTAWA, June 10, 2005 – The Canada Deposit Insurance Corporation (CDIC) announced today that General Bank of Canada ‘s application for deposit insurance was approved, effective June 8 2005.
General Bank of Canada, with its head office in Edmonton, Alberta, is a wholly-owned subsidiary of Firstcan Management Inc., a Canadian controlled private corporation, whose primary business activity is the provision of insurance products through its subsidiaries. General Bank of Canada will focus on the automobile lending market, providing loans to customers purchasing new and used cars.
“On behalf of our Board of Directors, CDIC welcomes General Bank of Canada and its future depositors to the federal deposit insurance system” said Guy Saint-Pierre, President and CEO of CDIC.
Commenting on the approval of General Bank of Canada’s application Gord Mooney, Chief Operating Officer of General Bank of Canada said: “We are very pleased to be a member of CDIC”.
CDIC, a federal Crown corporation, provides insurance to depositors against the loss, in whole or in part, of deposits made at member institutions in the event of their failure. Eligible deposits are insured up to $100,000 per person at each member institution.
CDIC contributes to the stability of the Canadian financial system. Since 1967, CDIC has dealt with the failure of 43 member institutions in Canada thus protecting more than two million depositors holding some $24 billion in insured deposits. CDIC is funded by premiums assessed on its member institutions and does not receive federal tax dollars.
The list of member institutions is available on CDIC\\'s Web site at http://www.cdic.ca/. Depositors can also call CDIC directly at 1-800-461-2342 to find out if a financial institution is a CDIC member.
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General Bank Launches Web Site!!
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2005-10-18
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GBC is pleased to launch its new web site!
The new site contains important information about the bank, its products and services, as well as secure portals for automotove dealers and deposit brokers to access our rates, forms, policies and procedures.
Future enhancements to the site will include links to dealer portals for automated credit decisioning and communication.
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