25 Years On!                

Starting a new financial institution in the fall of 1985 was a daunting task.  High interest rates in the early ’80’s had a devastating effect on real estate resulting in the closure of several small financial institutions, and yet, here we were, trying to come up with a formula for long term growth and profitability.

We started slowly, with niche mortgage and term deposit products and worked our way up, adding talented people, branches and products as we went, focusing on three guiding principles – excellent customer service, profitability and competent fun loving employees.

A quarter of a century later, I am proud to showcase the achievements of Peoples Trust –truly a testament to the contributions of all of our employees, past and present, combined with the outstanding support of our Directors and Shareholders.

Today Peoples Trust has 78 employees, 30% of whom have been with the Company 10 or more years.  In fact almost 50% of our workforce has more than 5 years of service.  We continue to focus on specific niches in the mortgage business where the extensive experience of our underwriting team can be most effectively deployed.  We offer a range of investment products, geared to a client base that has a desire for premium interest rates and returns.

We originate and service mortgages for institutional investors through our Mortgage Banking Unit, and have been extremely successful in the past originating insured mortgage product for the Mortgage Backed Securities (MBS) and Canada Mortgage Bond (CMB) Programs of CMHC.

Over the years, our processes and data systems have continuously improved to accommodate both the physical growth of the Company and the expanded product lines.

In addition, we are a pioneer of Prepaid Card Programs in Canada, and remain a market leader in this area, in both reloadable and non-reloadable products, with more program releases in the coming months.

While some things have changed, our customer service has remained constant.  We’ve grown as a company because we’ve established long-term relationships with our customers. We’ve listened to what they need and have found ways to provide the superior service they have come to expect. Our customers are Our Business and we need to thank you more than anyone for helping us become what we now are.

Thank you for visiting and being a part of our history.

Frank Renou,
President & C.E.O.