Equitable Bank

Not to be confused with Equitable PCI Bank or Equitable Trust Company of New York.

Equitable Bank
FormerlyThe Equitable Trust Company
Company typePublic
TSX: EQB
IndustryBanking
Founded1970
Headquarters
Toronto
,
Canada
Area served
Canada
Key people
Andrew Moor (CEO)[1]
RevenueIncreaseCA$976 million (2023)[2]
IncreaseCA$372 million (2023)[2]
Total assetsIncreaseCA$52.9 billion (2023)[2]
Total equityIncreaseCA$2.8 billion (2023)[2]
Number of employees
1,721 (FTE, 2023)[2]
ParentEQB Inc.
Websiteequitablebank.ca

Equitable Bank is a Canadian bank that specializes in residential and commercial real estate lending, as well as personal banking through its digital arm, EQ Bank. Founded in 1970 as The Equitable Trust Company, it became a Schedule I Bank in 2013 and has since grown to become Canada's seventh largest bank by assets.[3]

EQ Bank was Canada's first digital bank, serving more than 578,000 customers across Canada.[4] EQ Bank has been recognized as the Top Schedule I Bank in Canada by Forbes World's Best Banks for three years in a row (2021, 2022, and 2023).[5][6][7]

As of 2023, Equitable Bank had over $31 billion in deposits[8] and over $111 billion in combined assets under management and administration.[4] It offers a range of financial solutions, including mortgages, business financing, and bank accounts. It operates from its headquarters in Toronto and has regional offices in Calgary, Halifax, Montreal, and Vancouver. Its parent company, EQB Inc., is a publicly traded company on the Toronto Stock Exchange under the symbol EQB (TSX: EQB) and a member of the Canada Deposit Insurance Corporation.

  1. ^ Bouw, Brenda (May 29, 2017). "How Equitable Bank's CEO invests his own money". The Globe and Mail. Retrieved September 20, 2017.
  2. ^ a b c d e "2023 MD&A Q4" (PDF). Equitable Bank Investor Relations. Retrieved December 10, 2023.
  3. ^ "About Us". Equitable Bank. Retrieved December 23, 2023.
  4. ^ a b "Equitable Bank Investor Relations - Investor Relations". Equitable Bank Investor Relations. Retrieved December 23, 2023.
  5. ^ Bank, Equitable. "EQ Bank once again named best bank in Canada by Forbes". www.newswire.ca. Retrieved December 22, 2023.
  6. ^ "EQ Bank named top bank in Canada for second year in a row on Forbes list of the World's Best Banks 2022". Equitable Bank Investor Relations. Retrieved December 22, 2023.
  7. ^ Cite error: The named reference :7 was invoked but never defined (see the help page).
  8. ^ "EQB reports Q4 and 2022 guidance achieved and a 6% dividend increase". Equitable Bank Investor Relations. Retrieved February 22, 2023.