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Is it safe/a good idea to put all my money with one bank?

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I currently have 25k in my TFSA at People's Trust HISA at 3%, and another 25k at Ally HISA at 1.2%.

Since Ally is shutting its doors on Apr 30, I need to find somewhere else to put my 25k. People's Trust e-savings at 1.9% seems to be the best option - but is it a good idea/safe for me to put all my money (50k+) with People's Trust? Should I put that half of it elsewhere? I just figure it'd make things easier to manage to have all of my savings with one bank.

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