Equitable Bank Access To Millions Of New Customers, $5.8 Billion In Assets
EQB aims to redefine challenger banking in Canada with the announcement that it has agreed to acquire the financial services division of Loblaw in a deal valued at around $800 million.
Recently installed EQB president and CEO Chadwick Westlake described the merger as “creating a better banking ecosystem for all Canadians that prioritizes innovation and value.”
PC Financial customers will gain access to EQB’s broader suite of digital banking tools, savings and registered account products, while EQB clients will be able to tap into PC Financial’s credit card offerings and gain access to Loblaw’s extensive branch, store-pavilion and ATM network.
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