News Summary

Chadwick Westlake, previously CFO at OpenText, will step into the role of president and CEO of Equitable Bank (EQB), succeeding the late Andrew Moor. This transition follows a comprehensive succession plan developed over several years with input from Moor. Westlake, who had served as EQB’s CFO for over four years before his brief stint at OpenText, is recognized for his deep understanding of EQB’s operations and commitment to customer service. He will officially leave OpenText in August, after its fiscal year-end reporting. Westlake expressed his honor in continuing Moor’s legacy and aims to harness EQB’s strong market position for future growth. The announcement of his appointment has positively impacted EQB’s stock, reflecting confidence in his leadership.