Bank of Nova Scotia today announced the renaming of Travelers Leasing Corp. (TLC), a leading Canadian automobile specialized financing company it acquired from Travelers Financial Group in February of 2007. The wholly owned subsidiary has been renamed Scotia Dealer Advantage Inc.

“The renaming and rebranding of TLC to Scotia Dealer Advantage brings the subsidiary into the Scotiabank family of brands and provides the industry’s best range of dealer financing products and high quality service for our dealership customers,” says Ron Porter, senior vp, automotive finance and indirect lending. “Scotia Dealer Advantage demonstrates our strong commitment to finding opportunities to provide a full suite of consumer financing products to drive revenue growth both for our dealership customers and Scotiabank Dealer Finance.”

With over 60 years in the dealer finance business in Canada and a dedicated national dealer finance sales network, Scotiabank announced its acquisition of TLC from Travelers Financial Group in November 2006, and completed the acquisition in February 2007.