TORONTO, ONTARIO--(Marketwire - Dec. 31, 2010) - First Asset CanBanc Split Corp. (the "Corporation") (TSX:CBU)(TSX:CBU.PR.A) announced today acceptance by the Toronto Stock Exchange (the "TSX") of the Corporation's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") to permit the Corporation to acquire its Preferred Shares and Class A Shares (collectively, the "Securities").