CWB Financial Group

News & events

  • November 22, 2017

    Chief Financial Officer, Carolyn Graham, named one of Canada's Most Powerful Women

    CWB Financial Group (CWB) is thrilled to congratulate Carolyn Graham, executive vice president and chief financial officer, on her recognition as a Canada’s Most Powerful Women: Top 100 Award Winner.

  • October 30, 2017

    CWB Financial Group to acquire equipment finance and leasing assets of ECN Commercial and Vendor Finance Canada

    Canadian Western Bank (CWB) (TSX: CWB) today announced it has entered into a definitive asset purchase agreement to acquire for cash the Canadian Commercial and Vendor Finance assets of ECN Capital Corp. (ECN).

  • October 03, 2017

    CWB Franchise Finance partners with CRAFT Beer Market on term loan and development facility

    CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a multi-product loan facility to CRAFT Beer Market (CRAFT), a growing Canadian restaurant brand with locations in Vancouver, Calgary, Edmonton, Ottawa and coming soon to Toronto. The funds will be used to consolidate and refinance existing corporate debt as the company grows their presence within targeted markets across Canada.

  • October 02, 2017

    CWB receives TSX approval for normal course issuer bid

    Canadian Western Bank (TSX:CWB) ("CWB") announced today that a normal course issuer bid ("NCIB") authorized by its Board of Directors to purchase for cancellation during the next 12 months up to 1,767,000 common shares, representing approximately 2% of the issued and outstanding common shares, has been approved by the Toronto Stock Exchange ("TSX").

  • August 31, 2017

    CWB declares dividends

    Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share (TSX:CWB), payable on September 29, 2017 to shareholders of record on September 15, 2017. 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 October 31, 2017 to shareholders of record on October 20, 2017.

  • August 31, 2017

    CWB reports very strong third quarter financial performance

    CWB Financial Group (TSX: CWB) (CWB) today announced very strong third quarter financial performance as we continue to execute our balanced growth strategy. Compared to the third quarter last year, results included positive loan growth with significantly higher net interest margin, a lower provision for credit losses, ongoing growth of relationship-based branch-raised deposits, record total revenue (teb) and substantial earnings growth, all supported with very strong regulatory capital ratios. Common shareholders’ net income of $56.3 million and pre-tax, pre-provision income (teb) of $100.9 million were up 24% and 9%, respectively.

  • August 16, 2017

    Canadian Western Trust Company to exit Exempt Market Securities business line

    Canadian Western Trust Company (CWT), a wholly owned subsidiary of Canadian Western Bank (TSX:CWB) and a member of CWB Financial Group, today announced it will no longer offer self-directed account services to holders of exempt market securities.

  • July 26, 2017

    CWB Financial Group donates $15,000 to BC fire relief efforts

    CWB Financial Group has made a $15,000 donation to the Canadian Red Cross to support communities affected by the ongoing fires in southern British Columbia.

  • July 04, 2017

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

    CWB Franchise Finance, a division of CWB Financial Group, has provided a multi-product loan facility to Browns Restaurant Group, an award-winning Canadian franchisor based in Vancouver. The funds will be used to consolidate and refinance existing corporate debt as the company grows their presence across Western Canada and enters the Eastern Canada market.

  • 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 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.

  • 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.

  • 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.