Latest news with #EquitableBank
The Market Online
15-05-2025
- Business
- The Market Online
EQB unveils EQ Bank Tower as new national headquarters in Toronto
EQB Inc. (TSX:EQB), the parent company of Equitable Bank has officially opened the doors to its new national headquarters, the EQ Bank Tower in Toronto Spanning 25,800 square metres across 13 floors, the new headquarters is a bold statement of the bank's commitment to innovation, sustainability, and people-centric design The tower boasts a modern, sustainable design, with interiors furnished exclusively by Canadian manufacturers EQB stock (TSX:EQB) opened trading at C$97.48 EQB Inc. (TSX:EQB), the parent company of Equitable Bank—self-proclaimed as Canada's Challenger Bank—has officially opened the doors to its new national headquarters, the EQ Bank Tower, located at 25 Ontario Street in Toronto's Downtown East, the traditional financial district. The unveiling of the 24-storey tower marks a significant milestone in Equitable Bank's evolution as a digital-first financial institution. Spanning 25,800 square metres across 13 floors, the new headquarters is a bold statement of the bank's commitment to innovation, sustainability, and people-centric design. The tower boasts a modern, sustainable design, with interiors furnished exclusively by Canadian manufacturers. It has already achieved LEED Gold Core and Shell certification, with additional certifications in progress, including LEED Interior Design and Construction (ID+C), LEED Operations and Maintenance (O+M), and the WELL Building Standard. The WELL Optimization for Accessibility and Universal Design is also underway, underscoring the bank's commitment to inclusivity and wellness. Many aspects of the building were thoughtfully curated with the intent to enhance employee well-being and productivity. From lighting systems that align with natural circadian rhythms to restorative spaces designed to support mental health, the EQ Bank Tower is a workplace built with purpose. 'The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives,' EQB's president and CEO, Andrew Moor said in a news release. 'We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve.' EQB Inc. is a digital financial services company, with combined assets under management and administration. Through its subsidiary, Equitable Bank, offers banking services. It operates through two main divisions: Personal Banking and Commercial Banking. EQB stock (TSX:EQB) opened trading 0.65 per cent lower at C$97.48 at and has risen 13.81 per cent since this time last year. Join the discussion: Find out what everybody's saying about this stock on the EQB Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
15-05-2025
- Business
- Yahoo
EQ Bank Tower unveiled, marking ambitious new chapter for Canada's Challenger Bank
Located in Toronto's Downtown East core, EQ Bank Tower serves as new, innovative national headquarters TORONTO, May 15, 2025 /CNW/ - EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank™, is proud to announce the opening of the EQ Bank Tower at 25 Ontario Street, its new national headquarters. Situated in Toronto's vibrant Downtown East, the opening marks Equitable Bank's rapid growth and continued investment in its mission to drive change in Canadian banking to enrich people's lives. The location reflects Equitable Bank's identity as a digital-first challenger bank, intentionally positioned outside Toronto's traditional banking hub, yet central and accessible to all. Spanning 277,988 square feet across 13 floors of the 24-storey tower, the space features a modern, sustainable design and is intentionally outfitted with furniture and fittings from Canadian manufacturers. "The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives," said Andrew Moor, president and CEO, EQB. "We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve." The tower is certified LEED® (Leadership in Energy and Environmental Design) Gold CS (Core and Shell), with the additional LEED® ID+C (Interior Design and Construction), LEED® O+M (Operations and Maintenance), and WELL Building Standard, including the WELL Optimization for Accessibility and Universal Design, certification currently in progress for tenant floors. Every element of the new headquarters was intentionally considered to create a workplace that prioritizes people and purpose, from the lighting designed to support natural circadian rhythms to restorative spaces that promote mental health. "The EQ Bank Tower has been designed to support our talented Challengers by creating a work environment that inspires creativity, bold thinking and the ambition that's crucial to pursuing untapped opportunities traditional banking has yet to explore," said Gavin Stanley, SVP and CHRO, EQB. "We are more equipped than ever to keep nurturing top talent who are driven by their desire to make a positive impact in the lives of Canadians." As Equitable Bank enters its next phase of growth, the EQ Bank Tower stands as a symbol of its commitment to people, progress, and a future where all Canadians have access to a more open, innovative and rewarding banking experience. About EQB Inc. (TSX: EQB) is a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 700,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform ( its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. Media Contact:Maggie HallDirector, PR & View original content to download multimedia: SOURCE EQB Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
15-05-2025
- Business
- Cision Canada
EQ Bank Tower unveiled, marking ambitious new chapter for Canada's Challenger Bank
TORONTO, May 15, 2025 /CNW/ - EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank ™, is proud to announce the opening of the EQ Bank Tower at 25 Ontario Street, its new national headquarters. Situated in Toronto's vibrant Downtown East, the opening marks Equitable Bank's rapid growth and continued investment in its mission to drive change in Canadian banking to enrich people's lives. The location reflects Equitable Bank's identity as a digital-first challenger bank, intentionally positioned outside Toronto's traditional banking hub, yet central and accessible to all. Spanning 277,988 square feet across 13 floors of the 24-storey tower, the space features a modern, sustainable design and is intentionally outfitted with furniture and fittings from Canadian manufacturers. "The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives," said Andrew Moor, president and CEO, EQB. "We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve." The tower is certified LEED ® (Leadership in Energy and Environmental Design) Gold CS (Core and Shell), with the additional LEED ® ID+C (Interior Design and Construction), LEED ® O+M (Operations and Maintenance), and WELL Building Standard, including the WELL Optimization for Accessibility and Universal Design, certification currently in progress for tenant floors. Every element of the new headquarters was intentionally considered to create a workplace that prioritizes people and purpose, from the lighting designed to support natural circadian rhythms to restorative spaces that promote mental health. "The EQ Bank Tower has been designed to support our talented Challengers by creating a work environment that inspires creativity, bold thinking and the ambition that's crucial to pursuing untapped opportunities traditional banking has yet to explore," said Gavin Stanley, SVP and CHRO, EQB. "We are more equipped than ever to keep nurturing top talent who are driven by their desire to make a positive impact in the lives of Canadians." As Equitable Bank enters its next phase of growth, the EQ Bank Tower stands as a symbol of its commitment to people, progress, and a future where all Canadians have access to a more open, innovative and rewarding banking experience. About EQB Inc. EQB Inc. (TSX: EQB) is a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 700,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform ( its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. SOURCE EQB Inc.
Cision Canada
05-05-2025
- Business
- Cision Canada
Equitable Bank closes $350 million deposit note issuance
Issuance represents largest in over three years, indicating growing investor interest in trajectory of Canada's Challenger Bank , May 5, 2025 /CNW/ - Equitable Bank, Canada's Challenger Bank™, announces it has closed a $350 million fixed rate deposit note that represents the bank's second largest on record, bringing its total program to $2.15 billion of outstanding deposit notes. The three-year $350 million deposit note was offered at a 3.738% fixed rate and matures on May 5, 2028. The transaction, successfully priced at the tight end of target spread guidance at 118 bps above the Government of Canada curve, enjoyed an oversubscribed order book of 2.5x times with support from both existing and new investors. Additionally, order book strength allowed the bank to upsize the initial offering to the top end of its announced range of $350 million. "This latest issuance is a clear signal that investors remain confident in our strategy, performance and vision for the future of Canadian banking," said Andrew Moor, president and CEO, Equitable Bank. "This strong reception reinforces the momentum we're carrying into the year ahead as we continue to scale with discipline and deliver long-term value." The issuance was completed with National Bank Financial Markets, RBC Capital Markets, Scotiabank and TD Securities acting as joint leads and bookrunners, with BMO Capital Markets and CIBC Capital Markets supporting as co-managers. The deposit notes rank equally and rateably with all of Equitable Bank's present and future unsecured and unsubordinated liabilities, and deposit notes are not eligible for Canada Deposit Insurance Corporation insurance. About Equitable Bank Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. As Canada's Challenger Bank™ and seventh largest bank by assets, it leverages technology to deliver exceptional personal and commercial banking experiences and services to more than 700,000 customers and more than six million credit union members through its businesses. It is a wholly owned subsidiary of EQB Inc. (TSX: EQB), a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). Through its digital EQ Bank platform ( its customers have named it one of the top banks in Canada on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. Investor contact: David Wilkes VP and Head of Finance [email protected] Media contact: Maggie Hall Director, PR & Communications [email protected] Cautionary Note Regarding Forward-Looking Statements Statements made in this news release include forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"). These statements include, but are not limited to, statements about EQB Inc.'s (the "Company") objectives, strategies and initiatives, financial results, expectations and risk management, statements about or containing possible future issuances of deposit notes of Equitable Bank (the "Bank"), a wholly owned subsidiary of the Company, statements made by Equitable Bank's chief financial officer and any other statements made herein, whether with respect to the Company's and Bank's businesses or the Canadian economy. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases which state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to capital markets and additional funding requirements, fluctuating interest rates and general economic conditions, legislative and regulatory developments, the nature of our customers and rates of default, and competition as well as those factors discussed under the heading "Risk Management" in the Company's Management's Discussion and Analysis and in the Company's other documents filed on SEDAR+ at All material assumptions used in making forward-looking statements are based on management's knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of the current credit, interest rate and liquidity conditions affecting the Company, the Bank and the Canadian economy. Although the Company and the Bank believe the assumptions used to make such statements are reasonable at this time and has attempted to identify in its continuous disclosure documents important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Certain material assumptions are applied by the Company in making forward-looking statements, including without limitation, assumptions regarding its continued ability to fund its mortgage business at current levels, a continuation of the current level of economic uncertainty that affects real estate market conditions, continued acceptance of its products in the marketplace, as well as no material changes in its operating cost structure and the current tax regime. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company and the Bank do not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. The deposit notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or delivered, directly or indirectly, or sold in the United States. This press release does not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
Cision Canada
01-05-2025
- Business
- Cision Canada
EQB to announce second quarter 2025 results and host earnings call
TORONTO, May 1, 2025 /CNW/ - EQB Inc. (TSX: EQB) will report its second quarter fiscal 2025 financial results after market close on May 28, 2025, and will host an earnings conference call on May 29, 2025, at 10:30 a.m. ET. EQB's Andrew Moor, president and chief executive officer, Marlene Lenarduzzi, chief risk officer, and David Wilkes, vice president and head of finance, will host the listen-only conference call and webcast. The details of the call/webcast are as follows: Call archive A replay of the conference call with the accompanying slides will be archived on EQB's investor relations website at EQB Inc. (TSX: EQB) is a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 700,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform ( its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. Investor contact: David Wilkes Vice President and Head of Finance [email protected] Media contact: Maggie Hall Director, PR & Communications [email protected] SOURCE EQB Inc.
