Scotiabank Timeline

1999 - Banco Sud Americano - In December Scotiabank acquires a controlling interest in Banco Sud Americano, a Chilean bank. Founded in 1944, the bank and has 78 branches.

Scotiabank first acquired an interest in the bank in 1990. By 2000 it owns 98.8% and in 2001 it changes the name to Scotiabank Sud Americano.

1999 - Uruguay

Scotiabank enters Uruguay with the opening of a short-lived subsidiary, Scotiatrust (Uruguay) I.F.E., S.A.

2001 - Global ATM Alliance - Scotiabank and four of the world's leading financial institutions join forces to establish the first-ever Global ATM Alliance.

The first major initiative of the Alliance is to provide customers free access to more than 20,000 member cash machines on three continents.

2001 - September 11 ā€“ Scotiabankā€™s New York operations are impacted by the attacks on the World Trade Centre but all 400+ employees are safe. The Bank eventually recovers the contents of its precious metals vault in the basement of the complex. 

Scotiabank donates recovered silver for the creation of angel ornaments which commemorate fallen first responders.

2002 - CSR reporting - Scotiabank publishes the 2001 Annual Community Review. 

This public accountability statement reports on Scotiabank's commitment to the well-being of the communities in which it operates.

2002 - Charles Schwab Canada - Scotiabank acquires Charles Schwab Canada. 

The acquisition is a strategic fit consistent with the Bank's wealth management strategy of building a major brokerage business with a full range of offerings.

2002 - New York Stock Exchange

Scotiabank's common stock begins trading on the New York Stock Exchange (NYSE) under the ticker symbol BNS.

2002 - Email Money Transfers - Scotiabank joins CertaPay and three other Canadian banks to offer a new, person-to-person (P2P) money transfer service.

Customers who bank online can now securely e-mail money, and Canadians with both an e-mail address and a Canadian bank account can receive money.

2002 - No-Fee Value VISA - Scotiabank launches a no annual fee option for its Value VISA credit card.

It is the only no-fee, low-rate credit card in Canada.

2002 - Life. Money. Balance both.

Scotiabank introduces a new tagline: Life. Money. Balance both.

2002 - Xi'an City Commercial Bank - Scotiabank announces a planned investment in Xi'an City Commercial Bank, a leading city commercial bank in Western China.

Scotiabank makes subsequent purchases, approaching the 20% regulatory limit for foreign bank investments in China.

2003 - Baninter

Scotiabank signs an agreement to acquire 40 branches and selected financial assets of Banco Intercontinental, the third largest bank in the Dominican Republic.


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