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Joint statement by Canadian banks and life insurance companies regarding annual meetings in 2021This is a joint statement issued by BMO, CIBC, Canadian Western Bank, Laurentian Bank, National Bank, RBC, Scotiabank, TD Bank Group, Great-West Lifeco, Canada Life, Manulife and Sun Life. Each of us continues to actively monitor COVID-19 developments and the directives from public health and government authorities for group gatherings and social distancing. We have been taking a series of proactive precautionary measures to help protect the health and well-being of our employees, clients and communities. As a result of the anticipated ongoing impact of COVID-19, and in consideration of the evolving protocols from public health and government authorities, we have jointly obtained a court order that allows us to hold our annual meetings in 2021, in whole or in part, using electronic means.
CWB announces leadership appointmentsCWB Financial Group (TSX: CWB) (CWB) announces leadership appointments.
Alberta and B.C. locations to close early on December 16 for employee holiday virtual celebrationTo accommodate a company-wide virtual holiday celebration for all CWB employees, all CWB locations in Alberta and British Columbia will close early on December 16.
CWB reports fourth quarter and full year 2020 financial and strategic performanceCWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the year ended October 31, 2020, with annual net income available to common shareholders of $249 million and adjusted earnings per common share of $2.93, both down 7% from last year. Fourth quarter net income available to common shareholders of $63 million and adjusted earnings per common share of $0.75, were up 2% and 1%, respectively, from the third quarter.