Equitable Bank is a wholly-owned subsidiary of EQB Inc., a publicly traded digital financial services holding company listed on the Toronto Stock Exchange under the symbol “EQB”.
The main shareholders are:
- Stephen Smith
- Oakwest Corp Ltd
- Fidelity Management & Research Co. LLC
- Beutel, Goodman & Co Ltd
- Dimensional Fund Advisors LP
- Mawer Investment Management Ltd
About EQB Inc.
- EQB Inc. serves as the parent company of Equitable Bank and offers banking services through multiple business lines, including its digital arm, EQ Bank.
- The holding company is publicly traded, meaning its shares are available on the Toronto Stock Exchange.
- Assets under management and administration across EQB Inc. exceeded CA$132 billion as of early 2025, rising to CA$137 billion by mid-2025, underscoring its significant scale.
Corporate Structure and Market Presence
- Equitable Bank operates under EQB Inc.’s banner, functioning as its primary banking division and representing one of Canada’s largest Schedule I banks by asset size.
- As of mid-2025, the group serves over 760,000 customers, governed by a modern, cloud-native infrastructure and positioned as a “Challenger Bank” in Canada’s financial ecosystem.
Summary Table
| Entity | Description |
|---|---|
| Equitable Bank | Operating bank, provides retail, commercial, mortgage, savings, and digital banking solutions. |
| EQB Inc. | Parent holding company, publicly traded (TSX: EQB), owns Equitable Bank fully and manages diversified financial services operations. |
Why This Matters
- Knowing that Equitable Bank is entirely owned by a public entity (EQB Inc.) provides transparency into its governance, regulatory compliance, and financial accountability.
- Public ownership subjects the bank to market scrutiny, regular disclosures, and performance metrics, offering clarity for investors, partners, and customers.
- The affiliation with EQB Inc. aligns Equitable Bank with a broader strategic vision focused on digital innovation and customer-centric banking.