Equitable Bank reduces prime rate

TORONTO, Oct. 23, 2024 /PRNewswire/ – Equitable Bank (the “Bank” or “Equitable”), Canada’s Challenger Bankâ„¢, today announced it is reducing its prime lending rate by 50 basis points to 5.95% from 6.45%. Equitable’s wholly owned subsidiary Concentra Bank is also reducing its prime lending…