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walmartfinancialservices.ca

Stage

Acquired Unit - Fin | Alive

About Duo Bank

Duo Bank is a Canadian Bank founded on a mission to provide value-driven financial products that are clear and simple, to help Canadians focus on what matters to them. Duo Bank specializes in customizable financial services solutions designed to deepen customer loyalty and grow sales.

Duo Bank Headquarter Location

Orangeville, Ontario, L9W 2Z6,

Canada

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Latest Duo Bank News

Duo Bank of Canada rebrands to Fairstone Bank of Canada

Jun 20, 2022

Duo Bank of Canada rebrands to Fairstone Bank of Canada CPE News (6.20.2022) – Duo Bank of Canada, a Schedule I Bank, has officially been rebranded to Fairstone Bank of Canada. Duo Bank of Canada acquired Fairstone Financial Holdings Inc. and its wholly owned operating subsidiary, Fairstone Financial Inc. in January 2021 from J.C. The acquisition of Fairstone Financial Inc. by Duo Bank of Canada was formally approved by OSFI on October 25, 2021. Fairstone Bank of Canada and its subsidiaries form a leading consumer lending group, with over 1.5 million customers, 1,500 employees and $5 billion in assets on a consolidated basis. Fairstone Bank of Canada and its subsidiaries offer credit cards and rewards programs, point-of-sale financing through merchant partners, automobile financing via dealerships, and unsecured and secured personal loans and mortgages online and at over 240 Fairstone branches coast to coast. Fairstone Bank of Canada is controlled by an entity jointly owned by Stephen Smith, Centerbridge Partners L.P. and Ontario Teachers’ Pension Plan Board. photo credit: Fairstone Bank Duo Bank of Canada Rebrands to Fairstone Bank of Canada MONTREAL, June 20, 2022 /CNW Telbec/ – Following its January 2021 acquisition of Fairstone Financial Holdings Inc. and its wholly owned operating subsidiary, Fairstone Financial Inc. (“Fairstone”), Duo Bank of Canada (“Duo Bank”), a Schedule I Bank, has officially been rebranded to Fairstone Bank of Canada (“Fairstone Bank”). Fairstone Bank of Canada and its subsidiaries form a leading consumer lending group, with over 1.5 million customers, 1,500 employees and $5 billion in assets on a consolidated basis. “Our rebranding strategy reflects Fairstone Bank’s position as a best-in-class consumer lending group,” says Scott Wood, President and Chief Executive Officer of Fairstone Bank. “As a Schedule I Bank with a significant credit card business, combined with Fairstone’s long-established Canadian history, market-leading point-of-sale financing and near-prime consumer lending lines of business, we are more focused than ever on providing innovative, value-driven products that are designed to enable consumers and businesses to excel.” The alignment of the two companies enhances Fairstone Bank’s ability to provide diverse product offerings within a unified brand family. Combining deep industry experience, partnerships with best-in-class companies and a seasoned leadership team, the Bank and its subsidiaries are committed to strengthening how businesses connect with their customers and developing financial products and services that propel and enable customers’ and partners’ success. The acquisition of Fairstone Financial Inc. by Duo Bank of Canada was formally approved by OSFI on October 25, 2021. About Fairstone Bank of Canada Fairstone Bank of Canada, together with its subsidiary Fairstone Financial Inc., form a leading consumer lending group. Fairstone Bank and Fairstone provide innovative, value-driven financial services that enable Canadian consumers and businesses to achieve their goals. Collectively, the Bank and its subsidiaries offer credit cards and rewards programs, point-of-sale financing through merchant partners, automobile financing via dealerships, and unsecured and secured personal loans and mortgages online and at over 240 Fairstone branches coast to coast. With a long-established Canadian history, Fairstone Bank and Fairstone are committed to improving the lives of Canadians with value-driven and accessible financial solutions. More at FairstoneBank.ca. SOURCE Fairstone Financial Inc.

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  • Where is Duo Bank's headquarters?

    Duo Bank's headquarters is located at Orangeville.

  • What is Duo Bank's latest funding round?

    Duo Bank's latest funding round is Acquired Unit - Fin.

  • Who are the investors of Duo Bank?

    Investors of Duo Bank include Centerbridge Partners and Stephen Smith.

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