Canadian Western Bank

Canadian Western Bank
Public
TSX: CWB
Industry Bank
Founded Edmonton, Alberta, 1988
Headquarters Edmonton, Alberta, Canada
Key people
 Chris Fowler, CEO
Products Financial services
Revenue $572 million CAD (2013)
Increase $187 million CAD (2013)
Total assets $18.5 billion CAD (2013
Number of employees
 2,037 (Full-time equivalent, 2013)
Website www.cwbankgroup.com

The Canadian Western Bank (French: Banque canadienne de l'Ouest) is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commercial clients in Western Canada.

History

CWB Headquarters in Edmonton, Alberta, Canada.

The bank first became a Schedule I chartered bank on March 22, 1984 under its original name, the Bank of Alberta.

The bank further grew in 1988 by amalgamation of the Western & Pacific Bank of Canada (chartered in 1982) and the Bank of Alberta (chartered in 1984).[1]

In 1993, it acquired Western Canadian branches of Metropolitan Trust. In 1994, Canadian Western Bank and North West Trust Company amalgamated as Canadian Western Bank. In 1996, it acquired BC Bancorp (chartered in 1967), and purchased the Aetna Trust Company, which was renamed Canadian Western Trust Company. In 2001, it acquired the Kelowna and Regina branches of the Laurentian Bank of Canada.

Mergers

Other financial services acquired by CWB:

Operations and corporate structure

Canadian Western Bank’s corporate headquarters are located at Canadian Western Bank Place, 10303 Jasper Avenue in Edmonton, Alberta, Canada.

Canadian Western Bank’s operating affiliates include:[2]

Services

Services provided by CWB:

Membership

CWB is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:

See also

External links

References

  1. ↑ "Canadian Western Bank - History". Canadian Western Bank. Retrieved 2010-01-24.
  2. ↑ "Canadian Western Bank 2010 Annual Report". Canadian Western Bank. Retrieved 2011-08-26.


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