EQB Completes Acquisition of PC Financial From Loblaw Companies
March 6, 2026
EQB completed its previously announced acquisition of President’s Choice Bank (PC Bank) and PC Financial Insurance Agency/Broker and certain affiliated entities from Loblaw Companies Limited. The deal expands EQB’s scale to serve nearly 4 million Canadians and makes EQ Bank the exclusive financial services partner for Loblaw’s PC Optimum loyalty program (18+ million active members).
- Buyers
- EQB Inc.
- Targets
- President's Choice Bank (PC Bank), PC Financial Insurance Agency Inc., PC Financial Insurance Brokers Inc., certain other affiliated entities of PC Bank (collectively, PC Financial)
- Sellers
- Loblaw Companies Limited
- Industry
- Financial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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