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EQB Inc T.EQB

Alternate Symbol(s):  EQGPF

Financial Services
EQB Inc. is a digital financial services company, with combined assets under management and administration. Through its subsidiary, Equitable Bank, offers banking services. It operates through two main divisions: Personal Banking and Commercial Banking. Personal Banking operates through five business lines: EQ Bank, residential lending, wealth decumulation, and consumer lending through partnerships, a segment added with the Concentra Bank acquisition, and payments as a service supporting its fintech partners. Its diversified product suite consists of deposits, single family residential mortgage loans, home equity lines of credit, reverse mortgages, insurance lending, and payment infrastructure partnerships. Commercial Banking operates through seven business lines: business enterprise solutions, commercial finance group, multi-unit insured, specialized finance, equipment leasing, credit union and Concentra trust. It provides personal and commercial banking through its EQ Bank platform.


TSX:EQB - Post by User

EQB Inc > New Press Release - Equitable Bank closes record-setting $300 million deposit note
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Comment by retiredcfon Apr 16, 2024 9:32am
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Post# 35991243

RE:New Press Release - Equitable Bank closes record-setting $300 million deposit note

RE:New Press Release - Equitable Bank closes record-setting $300 million deposit noteEQB today had news of a 300 million deposit note...is this a significant event for the company?

The EQB $300M deposit note news was fairly significant, as it was the first time the bank has returned to this funding market since 2022. The deposit note has a fixed rate of 5.16%, and was oversubscribed by 4.2X. (5iResearch)
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