About Equitable Bank
Equitable Bank is a company based in Toronto (Canada) founded in 1970. It operates as a Subscription Services, Commission-Based, and FinTech. Equitable Bank has completed 3 acquisitions, including ACM Advisors, Concentra and Wyth Financial. Equitable Bank offers products and services including Residential Mortgages, Reverse Mortgages, Commercial Lending, Insurance Lending, and Savings and Investments. Equitable Bank operates in a competitive market with competitors including Investec, BMO, Scotiabank, RBC Royal Bank and Canadian Imperial Bank of Commerce, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Equitable Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$200 M (USD), Debt – Conventional
Sep 26, 2019
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Investors
Canadian Imperial Bank of Commerce
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
ACM Advisors
& 2 more
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Products & Services of Equitable Bank
Equitable Bank offers a comprehensive portfolio of products and services, including Residential Mortgages, Reverse Mortgages, Commercial Lending, Insurance Lending, and Savings and Investments.
Mortgage solutions are provided for home ownership goals.
Tax-free cash is unlocked from home equity assets.
Financing is tailored for businesses of all sizes.
Flexible loans are offered against insurance policy values.
High interest accounts and GICs are provided here.
Funding Insights of Equitable Bank
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $200.0M
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First Round
First Round
(17 Apr 2017)
- Investors Count 7
Investors in Equitable Bank
Equitable Bank has secured backing from 7 investors, including institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Scotiabank and National Bank of Canada.
| Investor | Description | Founded Year | Domain | Location |
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Financial services are offered through diverse subsidiaries.
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Founded Year | Domain | Location | |
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BMO is recognized as a leading financial services provider in Canada.
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Founded Year | Domain | Location | |
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Financial solutions are provided by CIBC Capital Markets globally.
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Founded Year | Domain | Location |
Investments & Acquisitions by Equitable Bank
Equitable Bank has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ACM Advisors, Concentra and Wyth Financial.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wyth Financial, a trade name of Concentra Bank, is operated as a provider of financial savings and investment products in Canada.
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2019 | ||||
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Concentra Bank is operated as a financial services provider in Canada.
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2005 | ||||
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Financial advisory services are offered in real estate and investments.
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1993 |
Financial Statements - Equitable Bank
Equitable Bank Comparisons
Competitors of Equitable Bank
Equitable Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, BMO, Scotiabank, RBC Royal Bank and Canadian Imperial Bank of Commerce, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
BMO is recognized as a leading financial services provider in Canada.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to individuals and businesses.
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Latest news on Equitable Bank
Frequently Asked Questions about Equitable Bank
Equitable Bank was founded in 1970 and raised its 1st funding round 47 years after it was founded.
Equitable Bank is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Equitable Bank is established as Canadas Challenger Bank, providing a wide range of financial services. Residential mortgages are offered to support home ownership across various demographics. Commercial lending solutions are tailored for businesses from startups to large enterprises. Reverse mortgages are provided to unlock tax-free cash from home equity for seniors. Insurance lending options are made available to access funds from life insurance policies. Additionally, savings and investment products, including high interest savings accounts and GICs, are offered to grow wealth. The bank operates in the financial sector with a focus on innovative banking solutions.
Equitable Bank's top competitors include Investec, Canadian Imperial Bank of Commerce and Scotiabank.
Equitable Bank offers Residential Mortgages, Reverse Mortgages, Commercial Lending, Insurance Lending, and Savings and Investments.
Equitable Bank has made 3 acquisitions, including ACM Advisors, Concentra, and Wyth Financial.
Equitable Bank has 7 investors. Key investors include Canadian Imperial Bank of Commerce, Scotiabank, National Bank of Canada, BMO, and RBC Royal Bank.