Tim Smart

Part of EQB, Inc., Concentra Bank collaborates with fintechs and credit unions to offer Canadians mortgages, savings products, specialty banking products, commercial lending and leasing solutions, and more. The company is based in Saskatoon, Canada. With a schedule I bank license and a federally regulated trust license, it is the leading provider of wholesale banking and trust solutions to Canadian credit unions. Wyth Financial is the trade name of Concentra Bank, a purpose-driven schedule I bank that serves Canadian consumers and businesses, credit unions, and fintechs. Wyth is a digital bank that helps people save money, buy a property, set up a trust, manage an estate, and grow a business. It also offers unique financial products created jointly with innovative partners. Wyth Trust is the trade name for Concentra Trust, a federally regulated, wholly-owned subsidiary of Concentra Bank. Wealth management offerings from Concentra Trust include registered plans, personal and corporate trust services, and estate planning and administration. Don Coulter has been the CEO of the Canadian company since 2018. Concentra Bank was acquired by Equitable Bank Banque équitable from Credit Union Central of Saskatchewan on November 01, 2022 for $387.80 million.

Concentra Financial Services Association engages in wholesale finance and trust solutions to credit unions. It operates through the Commercial and Retail Banking and Trust segments. The Commercial and Retail Banking segment includes residential mortgages, consumer loans, credit card receivables, commercial lending, and equipment financing/leasing activities. The Trust segment refers to the personal, corporate, and registered plans trust products and services delivered through a wholly owned subsidiary of the Bank. The company was founded in 2005 and is headquartered in Regina, Canada.