EQB Inc.
EQB Inc. is a leading digital financial services company operating primarily through its wholly-owned subsidiary, Equitable Bank, known as "Canada's Challenger Bank™". The company's mission is to drive change in Canadian banking to enrich people's lives. Headquartered in Toronto, Canada, EQB Inc. officially opened its new national headquarters, the EQ Bank Tower at 2200-25 Ontario Street, in May 2025.
EQB Inc. offers a diverse suite of financial products and services across two main business lines: Personal Banking and Commercial Banking. Personal Banking encompasses the digital banking platform EQ Bank, residential lending solutions such as single-family residential mortgages, reverse mortgages, home equity lines of credit, and insurance loans, alongside wealth decumulation and consumer lending through partnerships. Commercial Banking provides specialized solutions including Business Enterprise Solutions, Commercial Finance Group, multi-unit insured financing, specialized finance, equipment leasing, credit union services, and Concentra Trust services. Additionally, EQB Inc. offers wealth management through ACM Advisors, a majority-owned subsidiary specializing in alternative assets.
As Canada's seventh largest bank by assets, EQB Inc. holds a significant market position as "Canada's Challenger Bank™". Its digital platform, EQ Bank, has consistently been recognized as a top Schedule I Bank in Canada on the Forbes World's Best Banks list from 2021 to 2025. Recent notable developments include receiving Competition Bureau clearance for the acquisition of PC Financial in March 2026 and reporting its first-quarter 2026 results in February 2026. Chadwick Westlake serves as the CEO, President & Director, with Michael B. Pedersen as the Chairman of the Board.
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