The Bank Scotiabank.ca has amalgamated with several other Canadian financial institutions through the years:

Bank Year established Year of amalgamation

• Union Bank of PEI 1864 1883
• Summerside Bank 1863 1901
• Bank of New Brunswick 1820 1913
• Metropolitan Bank of Canada 1902 1914
• The Bank of Ottawa 1874 1919
• Montreal Trust 1889 1994
• National Trust 1898 1997
• National Bank of Greece (Canada) 1969 2005

Many former branches of Montreal Trust and National Trust were rebranded "Scotiabank & Trust", and continue to operate as such.

Scotiabank.ca has four divisions:

Domestic Banking is the commercial banking division, offering savings and loan services. It includes 1005 branches , 2,750 ABMs, and 3 call centres. It offers telephone, wireless and Internet banking. Their brokerage unit is called the Wealth Management Group.
 
Scotia Capital Inc. is the investment banking division, which helps large corporations, institutions, and governments obtain capital and credit. The Canadian investment banking division is known as ScotiaMcLeod (formerly known as McLeod, Young and Weir), and metals trading is done under the name of ScotiaMocatta.

International Banking is the merchant banking division, assisting its customers with international trade. Scotiabank's marketing material claims it is the leading provider of financial services in the Caribbean, and that it has the broadest Asian network of any Canadian bank.

e-Commerce/e-Banking at Scotiabank manages wire transfers and payments.
 
In 2005, Scotiabank services over 12 million customers and has over 286 billion dollars in assets. The bank employs over 57,000 employees all over the globe including Europe, Asia, Latin America and the Caribbean.

Scotiabank.ca is Canada's most international bank with over 2000 branches in 50 countries. As in the past, in 2006 some of the top management at Scotiabank announced a plan that it would once again play a part in general infrastructural development in the countries where it operates