EQB Inc., parent company of Equitable Bank, has unveiled its new national headquarters in Toronto’s Downtown East core, marking a milestone in the company’s growth strategy.
The EQ Bank Tower, located at 25 Ontario Street, spans nearly 278,000 square feet across 13 floors of a 24-storey building.
“The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people’s lives,” said Andrew Moor, president and CEO of EQB.
Environmental certification
The tower is certified LEED Gold for its core and shell design, with additional certifications currently in progress for tenant floors, including LEED Interior Design and Construction, LEED Operations and Maintenance, and WELL Building Standard certification.
The company has emphasized the building’s focus on sustainability and employee wellbeing, incorporating lighting designed to support natural circadian rhythms and spaces dedicated to promoting mental health.
Focus on Canadian design
Rather than situating itself among traditional financial institutions in Toronto’s downtown core, the bank said it intentionally positioned its headquarters in the east end while ensuring it remains accessible.
The headquarters features furniture and fittings from Canadian manufacturers, highlighting the company’s commitment to supporting domestic businesses.
“The EQ Bank Tower has been designed to support our talented Challengers by creating a work environment that inspires creativity, bold thinking and the ambition that’s crucial to pursuing untapped opportunities traditional banking has yet to explore,” said Gavin Stanley, SVP and CHRO of EQB.
Company growth
As of January 31, 2025, EQB Inc. reported $132 billion in combined assets under management and administration. Through its subsidiary Equitable Bank, which the company describes as Canada’s seventh largest bank by assets, EQB serves over 700,000 customers and more than six million credit union members.
The company operates its digital banking platform, EQ Bank, and also offers wealth management services through its majority-owned subsidiary ACM Advisors, which specializes in alternative assets.
