Edmonton-based ATB Financial has signed a deal to acquire Cormark Securities Inc., an investment bank with offices in Toronto and Calgary.

Cormark was founded in 1981 and has participated in more than 1,000 equity financings over the past decade, raising gross proceeds of more than $100 billion.

Cormark executive chair Scott Lamacraft called the deal an “important milestone” for the firm.

“We’re proud of our more than 40-year history and even more excited about where our combined business will take us,” Lamacraft said in a news release.

The combination of the two businesses will help deliver more value to ATB clients, said Darren Eurich, chief executive of ATB Capital Markets.

“Together, our complementary expertise expands our ability to serve clients in Canada and the U.S., attract e

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