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ATB was created by the first Social Credit ministry under William Aberhart in 1938, after earlier attempts to place Alberta's banks under the provincial government's control were thwarted by the federal government. The first Alberta Treasury Branch was opened in Rocky Mountain House on September 29 of that year.
ATB was scandalized in the late 1980s after clients such as Peter Pocklington's Gainers Foods defaulted on loans that were often granted for political reasons. In the 1990sCenturies: 19th century 20th century 21st century Decades: 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s 2020s 2030s 2040s Years: Events and trends Computers, technology Explosive growth of the Internet; decrease in the cost of computers and other techn, the government reformed ATB with the intention of transforming it into a competitive financial institution. In October 19971997 was a common year starting on Wednesday (see link for calendar), and was designated the International Year of the Reef''. Events January January 3 NBC's Today Show Bryant Gumbel signs off for the last time January 8 Mister Rogers receives a star on t, ATB formally became a provincial crown corporation. It adopted the moniker ATB Financial in January 20022002 is a common year starting on Tuesday (see link for calendar). 2002 was the first palindromic year since 1991 and the last until 2112. 2002 was also designated: International Year of Ecotourism and Mountains National Science Year in the United Kingdom.
As of 2004, ATB operates under a board of directorsA board of directors is a group of individuals chosen by the stockholders of a company to promote their interests through the goverance of the company. Board members in most legal jurisdictions have specific fiduciary duties, whereby they act for the bene nominally appointed by the Albertan Lieutenant-Governor, although in practice these appointments are done by the Premier of AlbertaThe Premier of Alberta is the first minister for the Canadian province of Alberta. They are the province's head of government and de facto chief executive. The current Premier of Alberta is Ralph Klein. See also Prime Minister of Canada Premier (Canada) L. As of March 31March 31 is the 90th day of the year in the Gregorian Calendar (91st in Leap years). There are 275 days remaining. Events 307 After divorcing his wife Minerva, Constantine marries Fausta, the daughter of the retired Roman Emperor Maximian. 1774 American R, 2004 ATB reported assets of $14.3 billion, deposits of $13.0 billion, loans of $12.1 billion, equity of $963.0 million, and a net income $172.0 million.As of this writing, the current Progressive Conservative government under Ralph Klein is rumoured to be considering privatization of ATB. This is opposed by many of the Tories' political rivals, including a resurgent Social Credit.