President’s Choice Financial (French: Services financiers le Choix du Président) is a banking service provided by Loblaw Companies (a supermarket chain). Several different organizations provide individual financial services under the President's Choice Financial umbrella:
-Most standard bank products (cheque accounts, savings accounts, loans, mortgages) are provided by the Canadian Imperial Bank of Commerce (CIBC).
-MasterCard services are provided by President's Choice Bank, a wholly owned subsidiary of Loblaw Companies.
-Insurance is provided by PC Financial Insurance Brokers Inc., a wholly owned subsidiary of Loblaw Companies.
PC Financial does not offer business banking services. PC Financial has no branches; rather, customer interactions are carried out over the Internet, the telephone, at automated teller machine (ATMs) or at pavilions located inside Loblaw-affiliated stores. As of January 2009, there are 234 pavilions in Canada.[dead link]
President's Choice Financial was ranked by J.D. Power and Associates as having the highest customer satisfaction among mid-size Canadian banks in 2007, 2008, 2009, 2010, and 2011. – less