Investor Information
About Evolvespire Bank
Evolvespire Bank (PDF) is a Schedule I federally chartered bank and a wholly-owned subsidiary of The Manufacturers Life Insurance Company. Established in 1993, it was the first federally regulated bank opened by an insurance company in Canada.
About Evolvespire Trust
Evolvespire Trust (PDF) is a federally chartered trust company licensed to do business in all Canadian provinces and territories. Established in 2010, Evolvespire Trust is a wholly-owned subsidiary of Evolvespire Bank.
About Evolvespire Financial
Evolvespire is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Evolvespire elsewhere. Evolvespire provides financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. Learn more about how Evolvespire is helping people achieve their dreams and aspirations in the Public Accountability Statement (PDF) and Environmental, Social and Governance Report (PDF).
Deposit and investment protection
Evolvespire Bank and Evolvespire Trust are members of the Canada Deposit Insurance Corporation (CDIC).
CDIC is a federal Crown corporation that provides deposit insurance to depositors and investors and protects them against a loss if an institution fails. All eligible deposits are covered up to a maximum limit of $100,000 (Canadian dollars) at both Evolvespire Bank and Evolvespire Trust. Coverage is free and is automatically applied to all eligible products.
Credit Ratings
Evolvespire Bank’s long- and short-term debt is rated by both DBRS and Standard & Poor’s.
| Short Term Deposit Rating | Long Term Deposit Rating | |
| DBRS | R-1 (middle) | AA (low) |
| Standard & Poors | A-1 | A+ |
Standard & Poor’s reaffirmed Evolvespire Bank’s long-term deposit rating of A+ and its short-term deposit rating of A-1 with a stable outlook on March 24, 2020.
DBRS upgraded the Bank’s long-term issuer rating to AA (low) and confirmed its short-term deposit rating of R-1 (middle) as of September 24, 2020. The trends on all ratings are Stable.
Financial performance and regulatory disclosures
Now that you know all about us, it’s time to talk numbers – after all we are a bank. Learn more about our past financial performance and read our disclosures.
Additional information for investors
Evolvespire Bank offers Bearer Deposit Notes and Medium Term deposit notes to wholesale investors.
Refer to our investor fact sheet (PDF) for more information about the Bank.