TORONTO, Sept. 17,
2024 /CNW/ - The Board of Directors of EQB Inc.
and Equitable Bank (collectively "EQB") today announced that it has
accepted the resignation of Mike
Hanley from the Board of Directors. Mr. Hanley joined the
Board in November 2022 and was
appointed Chair in May 2023.
Mr. Hanley's decision to step down is for personal and family
reasons and is effective immediately. He remains a strong supporter
of EQB and its future prospects. The Board wants to thank Mr.
Hanley for his strong contributions.
The Board conducted a thorough internal review, led by the Chair
of its Governance and Nominating Committee, Yongah Kim, and have
appointed current director, Vincenza (Vin)
Sera, as Chair of the Board of Directors of EQB Inc. Ms.
Sera has also been appointed Chair of the Board of Equitable
Bank.
"I am delighted to be working more closely with Vin in her new
role," said Andrew Moor, president
& CEO, EQB. "Vin has deep domain expertise in Canadian banking
and the broader financial services industry. Since her appointment
to the Board in 2013, Vin has served on the Audit, Risk and Human
Resources Committees and Chaired the Governance and Nominating
Committee from 2016 to 2023. She is a fantastic choice as Board
Chair of EQB and Canada's seventh
largest bank."
About EQB Inc.
EQB Inc. (TSX: EQB and EQB.PR.C) is a leading digital financial
services company with $125 billion in
combined assets under management and administration (as at
July 31, 2024). It offers banking
services through Equitable Bank, a wholly owned subsidiary and
Canada's seventh largest bank by
assets, and wealth management through ACM Advisors, a majority
owned subsidiary specializing in alternative assets. As
Canada's Challenger
BankTM, Equitable Bank has a clear mission to drive
change in Canadian banking to enrich people's lives. It leverages
technology to deliver exceptional personal and commercial banking
experiences and services to over 670,000 customers and more than
six million credit union members through its businesses. Through
its digital EQ Bank platform (eqbank.ca), its customers have named
it one of the top banks in Canada
on the Forbes World's Best Banks list since 2021.
Please visit eqb.investorroom.com for more details.
Forward-Looking Information
This news release may contain forward-looking statements that
reflect EQB's current expectations about its future performance and
capabilities. These statements are made based on assumptions and
estimates and are subject to risks and uncertainties. Actual future
results could differ materially from those currently anticipated.
The statements are not guarantees of future performance. EQB does
not undertake any obligation to update or publicly revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise, except to the extent required under
applicable securities laws.
Investor contact:
Mike Rizvanovic
Managing Director, Investor Relations
investor_enquiry@eqb.com
Media contact:
Maggie Hall
Director, PR & Communications
maggie.hall@eqbank.ca
437-214-2442
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SOURCE EQB Inc.
