As we come up to VERICO’s 10th year in business, we are pleased to announce that B2B Bank will be making an equity investment in Verico Financial Group.
“This investment is great news and supports VERICO Canada and independent mortgage brokers,” says Colin Dreyer, President and CEO of VERICO Canada. “VERICO Canada is committed to investing and further developing innovative tools and systems that enhance our competitiveness and expands the opportunities available to our Mortgage Brokers now and in the future."
Both VERICO Canada and B2B Bank will continue to operate as separate companies, with no changes to the staff or management of either organization.
Verico Financial Group Inc. has an exceptional track record of strong growth – evolving from just a single member broker firm in 2005 to what is now a network of over 200+ independent broker member firms, in 300+ locations and with 2,000+ agents producing more than $12 billion in mortgage loan volumes annually. A privately held Canadian company with members in every province, the VERICO Mortgage Broker Network prides itself on professionalism, excellence, and ethical standards and as a result has earned a reputation that is coveted in the industry.
“I am personally very excited about B2B Bank’s investment in VERICO Financial Group. This reinforces our commitment to independent mortgage broker distribution, and also provides us with an opportunity to invest in a successful Canadian company with a reputation that’s coveted in the industry,” says François Desjardins, President, B2B Bank.
B2B Bank is, and will continue to be, one of VERICO’s strategic lending partners. VERICO’s business model of working with a wide variety of lenders will not change – enabling our brokers to continue to act independently and provide the product solutions that best suit their clients, regardless of the lender.
If you have any questions regarding this investment or your own mortgage please call us at (250) 862-1806 or email [email protected].