HomeEquity Bank Listed On The 2017 Profit 500

Canadian Business unveils 29th annual list of Canada’s Fastest-Growing Companies TORONTO, Sept. 14, 2016/ CNW/ - Canadian Business and PROFIT today placed HomeEquity Bank on the 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth. HomeEquity Bank, a federally-regulated, Schedule 1 Canadian bank, and the only national provider

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HomeEquity Bank announces its inaugural $120 million syndicated credit facility

Toronto, August 28, 2017 – HomeEquity Bank (the “Bank”) announced that it has arranged a $120 million senior revolving credit facility (the “Facility”), secured by a portfolio of reverse mortgages. This Facility has been provided by a syndicate of five leading lenders and is renewable annually. CIBC served as Sole Lead Arranger and Sole Bookrunner, and will act as Administrative Agent under the Facility. The other syndicate members are ICICI Bank Canada, The Bank of Nova Scotia, National Bank of Canada and Raymond

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HomeEquity Bank Posts Record Growth For May 2017

TORONTO, June 8, 2017 – HomeEquity Bank, provider of the CHIP Reverse Mortgage™, continued its steady growth and performance in the five months of fiscal 2017. Record reverse mortgage originations of $60MM for the month of May resulted in a year-to-date increase of 35 per cent compared with the same period a year ago. “Canadian seniors are releasing the equity they’ve built in their homes, transforming it from passive to active,” said Steven Ranson, HomeEquity Bank’s president and CEO. “We’ve seen a shift

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TORONTO, May 15, 2017 – HomeEquity Bank, provider of the CHIP Reverse Mortgage™, today published the findings of its proprietary research study “The Home Stretch: A Review of Debt and Home Ownership Among Canadian Seniors.” The results of the national study outline increasingly troubling trends: as Canada’s population ages, the ability to retain and maintain a home is progressively compromised by record household debt levels, modest long-term savings, the decline of defined-benefit pensions and extended life exp

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HomeEquity Bank Achieves Gold Ranking in AON’s 2017 Best Employers Survey

TORONTO, November 10, 2016 -- HomeEquity Bank, Canada’s provider of the CHIP Reverse Mortgage™ and the only Schedule 1 bank dedicated solely to mature Canadian homeowners, has placed Gold in AON’s 2017 Best Employers survey. The recognition reflects HomeEquity Bank’s high employee-satisfaction rating, significant growth and revenue and a unique corporate culture that motivates employees to succeed. The company’s first-rate benefits packages and community initiative sponsorships have also contributed to its ranki

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HomeEquity Bank successfully closes its inaugural $175 million Deposit Note offering

Toronto, December 11, 2023 – HomeEquity Bank ("HEB" or the "Bank") today announced that it has concluded its inaugural issue of $175 million of deposit notes due December 11, 2026 (the “Deposit Notes”). The Deposit Notes are senior unsecured obligations of HEB. The Deposit Notes have a coupon of 7.108% per annum, paid semi-annually commencing June 11, 2024. DBRS Morningstar has assigned HEB’s Deposit Notes a rating of BBB (low) with a Stable trend. CIBC Capital Markets and TD Securities acted as joint bookrunne

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GTA Top employer 2024

HomeEquity Bank named among Greater Toronto’s Top Employers for living our values at work

2024 winners selected for progressive policies and culture reflecting evolving employee expectations  TORONTO – Dec. 5, 2023 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to announce it has been recognized as one of Greater Toronto’s Top Employers for 2024, acknowledging the organization’s ongoing investment in its employees’ well-being and workplace culture.    Presented by Mediacorp Canada Inc.—organizers of the annual Canada’s Top 100 Employers project—the 2024 Greater Toront

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Honouring troops and tradition, HomeEquity Bank proudly presents Digital Poppy fundraiser for 5th year

Canadians can donate to get a Digital Poppy to support the Legion National Foundation Oct. 27-Nov.11 at MyPoppy.ca HomeEquity Bank has been supporting the Legion National Foundation as presenting partner of the digital fundraiser since 2018 Letters-Home.ca brings Veterans’ letters online to forge a unique connection between this generation and those who served TORONTO – Nov. 1, 2023 – For the fifth year, HomeEquity Bank is the proud presenting partner of the Digital Poppy campaign, supporting the Legion Na

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Smashing Stereotypes: When it Comes to Financial Well-being, Older, Single Women are Leading by Example

New HomeEquity Bank survey reveals two groups of women 55+ enjoying higher financial wellness scores: women who are solely responsible for their finances and older women who actively rely on financial advice As women age, they are better able to enjoy life if they feel their finances are well-managed. Advisors: women value your professional advice but more than half remain skeptical that it is readily available to them. TORONTO, September 20, 2023 – Findings from a new survey released today from HomeEquity Ba

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HomeEquity Bank Moves to New ‘Resi-Mercial’ Home to Support Business Growth and Enhanced Employee Experience

New, modern workspace in Royal Bank Plaza boasts resi-mercial design to enhance hybrid and collaborative work TORONTO, August 1, 2023 – To support current and future business growth, HomeEquity Bank, provider of the CHIP Reverse Mortgage, has relocated its head office to the  Royal Bank Plaza South Tower, a LEED-certified building with state-of-the-art facilities, located in the heart of Toronto’s Financial District from mid-town. The new, modern, design offers a variety of flexible workspaces for traditional, standi

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