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HomeEquity Bank Recognized as One of Canada’s Fastest-Growing Companies for Fifth Consecutive Year

TORONTO, Oct. 15, 2020 – HomeEquity Bank, provider of the CHIP Reverse Mortgage announced today it has been named to the Growth List ranking of Canada’s Fastest-Growing Companies.

“HomeEquity Bank is humbled to be a part of this distinguished Growth List, especially in an unprecedented year that has seen so many Canadians businesses impacted by this pandemic,” said Steven Ranson, HomeEquity Bank’s President and CEO. “We’re very fortunate to be in the position we’re in, and it’s all thanks to the hard work and dedication of our entire organization. Without our incredible team, we would not have been able to rise to the occasion in supporting our customers and communities across the country.”

HomeEquity Bank is the leading provider of reverse mortgages in Canada. In response to the shifting financial needs of Canadian homeowners 55+ over the past number of months, the bank has rolled out new products and features that include CHIP Health and CHIP Open, providing flexible options for older Canadians who want to stay in the home they love and live out retirement with peace of mind.

The Growth List is compiled by ranking Canada’s Fastest-Growing Companies by five-year revenue growth, profiling the country’s most successful entrepreneurial businesses. The Growth List is produced by Canadian Business. Winners are profiled in a special Growth List print issue of Canadian Business (packaged with the December issue of Maclean’s magazine) and online at GrowthList.ca and CanadianBusiness.com.

“The companies on the 2020 Growth List are really exceptional. Their stories are a master class in how to survive when the economy throws a curveball. Despite turbulence, 2020 Growth List companies showed resilience, spirit and, most importantly, empathy and strong leadership,” says Susan Grimbly, Growth List Editor. “As we celebrate over 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that the heart of Canada’s entrepreneurial community beats strong, even in tough times.”

ABOUT HOMEEQUITY BANK

HomeEquity Bank is a Schedule 1 Canadian Bank offering the CHIP Reverse Mortgage and CHIP Open solutions. The company was founded more than 30 years ago as an annuity-based solution addressing the financial needs of Canadians who wanted to access the equity of their top asset – their home. The Bank is committed to empowering Canadians age 55 plus to live the retirement they deserve, in the home they love. HomeEquity Bank is a portfolio company of Birch Hill Equity Partners Management Inc., a mid-market private equity firm based in Toronto with more than $3 billion in capital under management. For more information, visit www.chip.ca.

ABOUT THE GROWTH LIST

For over 30 years, the Growth List ranking of Canada’s Fastest-Growing Companies (formerly the Growth 500) has been Canada’s most respected and influential ranking of entrepreneurial achievement. Originally developed by PROFIT and now published in a special Growth List print issue of Canadian Business (packaged with the December issue of Maclean’s magazine) and online at GrowthList.ca and CanadianBusiness.com, the Growth List ranks Canadian companies on five-year revenue growth, and the Startup List ranks Canadian new growth companies on two-year revenue growth. For more informa- tion on the ranking, visit GrowthList.ca.

ABOUT CANADIAN BUSINESS

Founded in 1928, Canadian Business is the longest-serving business publication in the country. It has fuelled the success of Canada’s business elite and, through the Growth List ranking, celebrates leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.

For further information: Morgan McLellan, E: morgan@providentcomms.com, C: 647-802-4825;
Matt Roth, E: matt@providentcomms.com, C: 647-518-6754