Wednesday, December 19, 2007

reportonbusiness.com: New privately owned bank aims for philanthropy with profit

reportonbusiness.com: New privately owned bank aims for philanthropy with profit: "New privately owned bank aims for philanthropy with profit

JOHN PARTRIDGE

From Wednesday's Globe and Mail

December 19, 2007 at 12:17 AM EST

The dreams that brothers Herb and Steve Dunton have for the little bank they plan to launch early next September are pretty much as grand as its name: Equity Development Bank of Canada.

The new financial institution will have a strong commitment to philanthropy and to helping its customers help themselves, as well as to making a profit, the Abbotsford, B.C., real estate developers said last week after EDB received its letters patent from the federal government."

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