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On December 8, 2013 the Honourable Jim Flaherty, Minister of Finance, signed Letters Patent of Continuance for Continental Bank of Canada (CBoC), thereby chartering Canada’s newest bank.

CBoC is a continuance of Continental Currency Exchange Corporation, Canada’s leading retail foreign exchange dealer, with a 25-year history of successful operations in southern, southwestern and mid-central Ontario. CBoC uses the existing 17 branch network of CCE and has plans for expansion. CBoC offers innovative banking through specialized products and services. The controlling shareholder of CBoC is Eric Sprott , an internationally renowned fund manager, investor and philanthropist (see: Sprott School of Business). His position comprises 36% of shares owned personally and 15% through Sprott Inc., which he controls. 49% of the bank is owned by the Penfound family through various trusts and controlled by Scott Penfound, the founder of CCE.