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Equitable Bank at 50: Canada's Challenger Bank(TM) celebrates milestone with a view to the future
Equitable Bank at 50: Canada's Challenger Bank™ celebrates milestone with a view to...
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[{"type":"text","content":"\n\n\n\nEquitable Bank at 50: Canada's Challenger Bank™ celebrates milestone with a view to the future\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 13, 2020\n\n\n\nTORONTO, July 13, 2020 /CNW/ - Equitable Bank, a wholly owned subsidiary of Equitable Group Inc. (TSX: EQB) and (TSX: EQB.PR.C), is celebrating 50 years of bringing smarter ways for Canadians to bank. On the heels of this golden anniversary, Equitable has its sights set on the future of banking in Canada – one that includes continuing to challenge the conventions of traditional banking in order to transform the experience and provide far more value to our customers.\n\n \n \n \n \n \n \n\n \n\"I look back on how much we've grown and evolved as an organization with a deep sense of admiration,\" said Andrew Moor, President & CEO of Equitable Bank. \"While our roots are founded in the 1970s, the exponential growth we've experienced has really only come in the last seven years since becoming a Schedule I bank. The acceleration we've seen in less than a decade towards a new way of banking is incredible.\" \nEquitable's journey began in 1970 with the foundation of The Equitable Trust Company by a handful of Hamilton-based entrepreneurs. There was a vision from the beginning that there was a need in the Canadian market for a different kind of bank. Here's a short history of the Equitable Bank timeline: \n1970 – The Equitable Trust Company is formed in Hamilton, Ontario. 1990 – The Equitable Trust Company becomes an operating company with $50 million in assets and four employees in the Toronto office. 2004 – With $1.5 billion in assets under management, Equitable Group Inc. is created as the holding company of The Equitable Trust Company and does an IPO on the Toronto Stock Exchange (TSX). 2006 – First Calgary office opens following the first year of serving single family home buyers and mortgage brokers in Alberta. 2010 – Montreal office opens; Equitable now has $8.8 billion in assets under management. 2013 – The Equi...