Manulife Bank of Canada
BankingOntario, Canada501-1000 Employees
Manulife Bank of Canada is a federally regulated Schedule I bank and a wholly-owned subsidiary of Manulife Financial, founded in 1993 as the first such bank opened by an insurance company in Canada. Based in Waterloo, Ontario, it serves clients across all provinces and territories. Its lending activity centers on residential mortgages, supported by a high-quality loan portfolio. Operating within the banking industry as part of a large financial group, the bank is described as well-capitalized and profitable. A notable recent development is the appointment of Katy Boshart as CEO, effective in April 2024.