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Equitable Bank Continues to Grow with Plans to Move its Headquarters in Toronto
Equitable Bank Continues to Grow with Plans to Move its Headquarters in Toronto Ca...
About this update from Eqb Inc
[{"type":"text","content":"\n\n\n\nEquitable Bank Continues to Grow with Plans to Move its Headquarters in Toronto\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 26, 2020\n\n\n\nNew downtown Toronto tower to be named \"EQ Bank Tower\"\n TORONTO, Feb. 26, 2020 /CNW/ - Today, Equitable Bank, Canada's Challenger Bank™, a wholly-owned subsidiary of Equitable Group Inc. (TSX: EQB and EQB.PR.C), is proud to announce that it has signed a long-term lease agreement at 25 Ontario Street in Toronto, Ontario, an office development owned by First Gulf Corporation and the Healthcare of Ontario Pension Plan (HOOPP). The bank will occupy more than 175,000 square feet across eight floors. \n\n \n \n\n \nThe new 24-storey tower, marketed as The Shift, will be renamed the 'EQ Bank Tower' and is set for completion in Q2 2022. Construction has already commenced with site mobilization and excavation.  \nIn keeping with Equitable's ongoing commitment to shrinking its carbon footprint and pursuing financially responsible growth, the new tower has been designed to a LEED® (Leadership in Energy and Environmental Design) CS (Core and Shell) Gold standard and will include best-in-class operational, environmental, life-safety and health and wellness systems. \nAs part of the move to the Downtown East core, Equitable looks forward to supporting the City of Toronto's Imagination, Manufacturing, Innovation and Technology (IMIT) business incentive program to promote local employment.\n\"Our current location has served us well these past few decades but we've taken it as far as we can,\" said Andrew Moor, President and CEO of Equitable Bank. \"The move of our headquarters from midtown Toronto to the developing Downtown East district allows us to leverage new building designs with larger floorplates to accommodate our growing workforce, while keeping the Toronto team together in one space. We considered a number of options, including those in the heart of the downtown financial core, but we've never seen ourselves as a tradi...