IE Staff
(September 30 – 12: 45 ET) – Home Capital Group Inc. says its subsidiary, Home Savings & Loan Corp. is applying to the Minister of Finance for recognition as a federal trust company. It will be known as Home Trust Co. in English Canada and Société de Fiducie Home in Quebec.
Home Capital Group Inc., which has more than $650 million in assets, specializes in alternative residential mortgage products – principally residential first mortgages for the self-employed and owners of small businesses in Ontario and Western Canada.
The firm says that a federal trust charter will enhance its ability to provide complementary services to its customers.
-IE Staff
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