09.14.17

HomEquity 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 HomEquity 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. HomEquity Bank, a federally-regulated, Schedule 1 Canadian bank, and the only national provider o

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08.28.17

HomEquity Bank announces its inaugural $120 million syndicated credit facility

Toronto, August 28, 2017 – HomEquity 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 J

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06.08.17

HomEquity Bank Posts Record Growth For May 2017

TORONTO, June 8, 2017 – HomEquity 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, HomEquity Bank’s president and CEO. “We’ve seen a shift in

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05.15.17

HOMEQUITY BANK RELEASES DEBT AND HOMEOWNERSHIP STUDY

TORONTO, May 15, 2017 – HomEquity 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 expe

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11.10.16

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

TORONTO, November 10, 2016 -- HomEquity 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 HomEquity 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 ranking

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08.28.17

HomEquity Bank and Balmoral Village Announce New Partnership To Benefit Retiring Canadians

[August 28, 2017, Toronto] - Balmoral Village is proud to be the first new home community to partner with HomEquity Bank, Canada’s only provider of the CHIP Reverse Mortgage. “We are thrilled to have been chosen as the first development project to partner with HomEquity bank, a company with a long track record of helping Canadian seniors with financial planning options. We are confident this will be of great value to our condo purchasers,” says Thomas Vincent, President, Balmoral Village. The visionary ‘Age In

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07.25.17

(APP)ropriate At Any Age

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07.09.17

Protecting Canadian Seniors

June is Senior’s Month in Ontario, and this year’s theme is “Living Your Best Life.” As we honour the contribution of Ontario seniors this month, it is important to remember that seniors can be more vulnerable to various forms of abuse. In fact, 62.5% of all elder abuse cases in Ontario are financial in nature. This statistic makes it difficult for seniors to live a financially secure retirement, let alone their very best life. The high incidence of financially-based elder abuse typically involves a family member or

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05.31.17

CEO STEVEN RANSON DELIVERS KEYNOTE ADDRESS AT THE CIFP CONFERENCE

OTTAWA, May 31, 2017 – Steven Ranson, President and CEO of HomEquity Bank, Canada’s only provider of the CHIP Reverse Mortgage™, today delivered a keynote address at the 2017 Canadian Institute of Financial Planners (CIFP) Conference. Ranson’s address was titled “An Untapped Partnership: Helping Canadians with Prudent Retirement Planning.” The theme of the 2017 CIFP conference, “Canada – Planning for Another 150 Years,” focuses on three critical financial planning components: retirement and lifestyle pla

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04.27.17

HomEquity Bank Continues Steady Growth with Strong Q1 Results

TORONTO, April 27, 2017 /CNW/ - HomEquity Bank, provider of the CHIP Reverse Mortgage™, continued its steady performance in Q1 of fiscal 2017. The company posted a 27 per cent year over year increase in mortgage originations. The strong Q1 results demonstrate ongoing growth in demand for reverse mortgages among Canadian seniors. In 2016, HomEquity posted record growth of 26 per cent. With strong, steady ownership by Birch Hill Equity Partners, HomEquity Bank has continued to grow its business while working with clien

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