Tangerine to become the official bank of the Toronto Raptors in July

TORONTO, Jan. 31, 2018 /CNW/ - Today, Scotiabank and MLSE announced that Tangerine will become the official and exclusive bank of the Toronto Raptors beginning July 1, 2018, rounding out the deal previously announced by Scotiabank and MLSE, which will see the home of the Toronto Raptors and Toronto Maple Leafs renamed Scotiabank Arena this summer.

"This future partnership between Scotiabank's subsidiary, Tangerine, and the Toronto Raptors is a natural one as we look forward to July and Scotiabank Arena being a focal point of Toronto's sports and entertainment action," says John Doig, Executive Vice President and Chief Marketing Officer, Scotiabank.

More details about the Toronto Raptors and Tangerine partnership and Scotiabank Arena will be available beginning July 1, 2018.

Backgrounder:
The previously announced deal and agreement between Scotiabank and MLSE encompasses both sponsorship and philanthropic opportunities, in addition to the Tangerine sponsorship of the Toronto Raptors.

• Tangerine to become the official and exclusive bank of the Toronto Raptors on July 1, 2018
• Exclusive naming rights of 40 Bay Street (Air Canada Centre)
• Scotiabank continues to be the Official Banking Partner of the Toronto Maple Leafs
• MLSE Incubator at the Scotiabank Digital Factory - A digital centre of excellence to help drive fan and customer engagement programs
• Scotiabank and the MLSE Foundation will expand their partnership focused on helping young people in the GTA, changing lives through the power of sport
• Scotiabank and MLSE will collaborate with SCENE to develop fan-centered promotions for sports and entertainment enthusiasts

About Tangerine
Tangerine is a direct bank that delivers simplified everyday banking to Canadians. With over two million Clients and close to $38 billion in total assets, we are Canada's leading digital bank. Tangerine offers banking that is flexible and accessible, products and services that are innovative, fair fees, and award-winning Client service. From no-fee daily chequing and high-interest savings accounts, a Credit Card, GICs, RSPs, TFSAs, mortgages and mutual funds through its subsidiary, Tangerine Investment Funds Ltd., Tangerine has the everyday banking products Canadians need. With over 1,000 employees in Canada, our presence extends beyond our website and Mobile Banking app to our Café locations, Pop-Up locations, Kiosks and 24/7 Contact Centres. Tangerine was launched as ING DIRECT Canada in 1997. In 2012 it was acquired by Scotiabank, and operates independently as a wholly-owned subsidiary.

About Scotiabank
At Scotiabank, we aim to support organizations that are committed to helping young people reach their infinite potential. Young people are our future leaders and Scotiabank's goal is to help ensure that they have the necessary skills and resources they need to support their success. Together with our employees, the Bank supports causes at a grassroots level. Recognized as a leader for our charitable donations and philanthropic activities, in 2017, Scotiabank contributed more than $80 million to help our communities around the world.

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $915 billion (as at October 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @Scotiabank.

SOURCE Scotiabank