EQB Inc. announces changes to its Board of Directors

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 Bank^TM, 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
[email protected]

Media contact:

Maggie Hall
Director, PR & Communications
[email protected]
437-214-2442

SOURCE EQB Inc.