StreetInsider.com News Articles

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

TORONTO, July 2, 2026 /PRNewswire/ - Eagle Credit Card Trust today announced that, in connection with the completion of the acquisition by EQB Inc. (TSX: EQB) of President's Choice Bank ("PC Bank") and certain other entities from Loblaw Companies Limited ("Loblaw") (TSX: L), Equitable Bank, a Canadian chartered bank, has assumed all of Loblaw's rights and obligations as performance guarantor of PC Bank as seller and servicer under (i) certain pooling and servicing agreements made as of March 6,

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

Equitable Bank assumes role of performance guarantor of Eagle Credit Card Trust

Thu, 02 Jul 2026 08:35:00 -0400

EQB completes PC Financial acquisition from Loblaw for $234.5M

Wed, 01 Jul 2026 08:35:23 -0400

EQB Inc. (TSX: EQB) has completed its acquisition of PC Financial from Loblaw Companies Limited (TSX: L), according to a press release issued July 1, 2026.

The deal, which includes President's Choice Bank, PC Financial Insurance Agency Inc., PC Financial Insurance Broker Inc., and certain affiliated entities, was priced at 1.15x book value. EQB paid $234.5 million in cash and issued 7.2 million common shares to Loblaw as consideration.

Following the transaction, Loblaw holds beneficial ownership of 8,457,601 EQB common shares, representing approximately 19.89% of issued and outstanding shares, up from approximately 3.46% prior to the acquisition. Under an Investor Rights Agreement,

EQB completes PC Financial acquisition from Loblaw for $234.5M

Wed, 01 Jul 2026 08:35:23 -0400

EQB Inc. (TSX: EQB) has completed its acquisition of PC Financial from Loblaw Companies Limited (TSX: L), according to a press release issued July 1, 2026.

EQB completes PC Financial acquisition from Loblaw for $234.5M

Wed, 01 Jul 2026 08:35:23 -0400

EQB Inc. (TSX: EQB) has completed its acquisition of PC Financial from Loblaw Companies Limited (TSX: L), according to a press release issued July 1, 2026.

EQB completes PC Financial acquisition from Loblaw for $234.5M

Wed, 01 Jul 2026 08:35:23 -0400

EQB Inc. (TSX: EQB) has completed its acquisition of PC Financial from Loblaw Companies Limited (TSX: L), according to a press release issued July 1, 2026.

EQB completes PC Financial acquisition from Loblaw for $234.5M

Wed, 01 Jul 2026 08:35:23 -0400

EQB Inc. (TSX: EQB) has completed its acquisition of PC Financial from Loblaw Companies Limited (TSX: L), according to a press release issued July 1, 2026.