Business
Equitable Announces Agreement to Acquire Concentra Bank and Concurrent $200 Million Bought Deal Offering of Subscription Receipts
Equitable Announces Agreement to Acquire Concentra Bank and Concurrent $200 Million Bough...
About this update from Eqb Inc
[{"type":"text","content":"\n \n \n \n Equitable Announces Agreement to Acquire Concentra Bank and Concurrent $200 Million Bought Deal Offering of Subscription Receipts\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen6{\nBORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 1pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 1pt; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt; PADDING-RIGHT:0.50em\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-LEFT:0.33em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRUBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n Acquisition accelerates growth and diversification for\n \n \n \n Canada's\n \n \n \n Challenger Bank™\n \n \n \n \n Acquired asset base of\n \n $11.3 billion\n \n adds significant scale in core product lines\n \n \n \n \n Mid-single digit adjusted EPS accretion expected in first full year post closing\n \n \n \n \n Combination enhances service offering, improves financial strength, and benefits  Concentra's customers, employees and community partners\n \n \n \n \n Equitable Bank expected to become\n \n Canada's\n \n 7\n \n th\n \n largest independent Canadian bank by assets, directly and indirectly servi...