TMG, Canadas Desjardins Group To Partner
DES MOINES, Iowa – Calling it a first-of-its-kind agreement, TMG Financial Services and Desjardins Bank of Florida, a subsidiary of Desjardins Group of Canada, have entered into an agreement to offer a consumer rewards credit card to bank clients in the United States.
Desjardins Bank of Florida primarily serves Canadian citizens who have immigrated to or reside for part of the year in the United States. TMG Financial Services said it has finalized an agent issuing agreement with the bank subsidiary and will begin underwriting credit cards in January 2011.
Desjardins Group has more than $173 billion in assets and 5.8 million members in Canada.