On August 11, 2025, ATB Financial, the largest financial institution headquartered in Western Canada, has announced an agreement to acquire all outstanding shares of Cormark Securities Inc., a leading independent investment bank with offices in Toronto and Calgary. Founded in 1981, Cormark is recognized for its expertise in serving mid-cap and emerging growth clients, having participated in over 1,000 equity financings and raising more than $100 billion in gross proceeds over the past decade. The acquisition will see Cormark’s operations integrated under ATB Capital Markets, led by CEO Darren Eurich, with Cormark’s Scott Lamacraft and Susan Streeter joining as Executive Chair and Head of Strategy and Growth, respectively. The transaction, expected to close in the fall pending regulatory approvals, will broaden ATB’s capital markets capabilities in Canada and the US, enhance client offerings, and accelerate the firm’s growth strategy.

Financial advisory for ATB Financial is provided exclusively by PricewaterhouseCoopers Corporate Finance Inc. (PwC), with legal counsel from Blake, Cassels & Graydon LLP (Blakes). Cormark was advised by SHEUMACK GMA and SGMA Capital Markets Limited, with legal counsel from Borden Ladner Gervais LLP (BLG).

Transaction value was not disclosed.