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Equitable Bank announces redemption of Concentra Bank Class A Preferred Shares

Newswire.ca - Tue Sep 3, 4:00PM CDT

TORONTO, Sept. 3, 2024 /CNW/ - Equitable Bank, Canada's Challenger Bank, today announced that its wholly-owned subsidiary, Concentra Bank (the "Bank"), redeemed all of its issued and outstanding Class A Preferred Shares, Series 1, and Class A Preferred Shares, Series 2, on August 31, 2024 (the "Redemption Date"), at $25.00 per share for a total of $110,987,500, less any tax required to be deducted and withheld by the Bank.

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