CWB Financial Group

News & events

  • June 09, 2017

    CWB Franchise Finance partners with Donnelly Group on term loan and development facility

    CWB Franchise Finance, a division of CWB Financial Group, has provided a $12 million term loan and Development Line of Credit to Donnelly Group, owners of 14 pubs and cocktail bars in Vancouver and Toronto. The funds will be used to consolidate and refinance existing corporate debt and support future growth.

  • June 01, 2017

    CWB reports strong second quarter financial performance

    Canadian Western Bank (TSX: CWB) (CWB) today announced strong second quarter financial performance including very strong earnings growth from the same quarter last year, positive loan growth, strong growth of relationship-based branch-raised deposits, higher net interest margin, stable credit quality and very strong regulatory capital ratios. Pre-tax, pre-provision income (teb) of $90.8 million was up 4% and common shareholders’ net income of $47.6 million was 48% higher.

  • June 01, 2017

    CWB Declares Dividends

    Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share (TSX:CWB), payable on June 30, 2017 to shareholders of record on June 16, 2017. This quarterly dividend is consistent with the prior quarter and the dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX:CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on July 31, 2017 to shareholders of record on July 21, 2017.

  • May 23, 2017

    CWB Franchise Finance leads $80 Million loan facility syndication for Holloway Lodging

    CWB Franchise Finance, a division of CWB Financial Group, today announced it has provided an $80 million loan facility to Holloway Lodging Corp., owners of thirty-three hotels across Canada.

  • April 18, 2017

    Motive Financial: Bringing thrifty back

    Savers rejoice and say hello to Motive Financial, Canada’s home for the smart and practical pennypinchers. Motive is the new name for Canadian Direct Financial. And with the new name comes a renewed focus: Savers.

  • April 11, 2017

    CWB and Payfirma partner to introduce the next generation of merchant services in Canada

    CWB Financial Group (CWB) and Payfirma today announced a new strategic partnership, the first of its kind in Canada, that will provide CWB with a white labeled version of Payfirma’s industry-leading payment technology platform, PayHQ.

  • March 23, 2017

    CWB joins Vancouver Sun Run as Corporate Team Division title sponsor

    Canadian Western Bank today announced its support of the Vancouver Sun Run as title sponsor of the Corporate Team Division for the next three years. The event is Canada’s largest 10K road race, with more than 40,000 participants and 2,300 volunteers.

  • March 17, 2017

    CWB online banking division to rebrand to Motive Financial

    Canadian Western Bank’s (CWB) online banking division, Canadian Direct Financial (CDF), will become Motive Financial on April 18.

  • March 13, 2017

    2016 Public Accountability Statement now available

    CWB Financial Group’s 2016 Public Accountability Statement provides a detailed account of some of Canadian Western Bank’s (CWB) activities related to community investment, small business financing, number of employees and taxes paid in its most recent fiscal year (November 1, 2015 to October 31, 2016).

  • March 09, 2017

    CWB announces participation in Business Growth Fund

    Canadian Western Bank (TSX: CWB) today announced participation in the development of the Canadian Business Growth Fund.

  • March 03, 2017

    CWB announces election of directors

    Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the management proxy circular dated January 3, 2017 were elected as directors of CWB.

  • March 02, 2017

    CWB reports strong first quarter financial performance

    Canadian Western Bank (TSX: CWB) (CWB) today announced strong core operating performance for the first quarter, including a 12% increase in pre-tax, pre-provision income compared to the same quarter last year. Strong 11% year-over-year growth of total revenues was comprised of a 9% increase in net interest income (teb) and higher non-interest income. Common shareholders’ net income of $49.5 million was down 5% from last year.

  • March 02, 2017

    CWB declares quarterly dividends

    Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share (TSX:CWB), payable on March 31, 2017 to shareholders of record on March 17, 2017. This quarterly dividend is consistent with the prior quarter and the dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX:CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on April 30, 2017 to shareholders of record on April 21, 2017.

  • January 23, 2017

    CWB to redeem $75 million of subordinated debentures

    Canadian Western Bank (“CWB”) today announced its intention to redeem all $75 million of outstanding 5.571% subordinated debentures at par plus accrued interest to, but excluding, the redemption date. The redemption will occur on March 22, 2017, and will be financed out of CWB’s general corporate funds.