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CWB Financial Group to close all locations on July 17 for all-employee Day of Thanks
CWB Financial Group (TSX:CWB) today announced it will close its locations across Canada on Friday, July 17 to thank employees for their extraordinary efforts to support clients and one another in response to COVID-19. Critical operational teams at some of CWB’s partner companies will remain in place, and a centralized banking team will be available for urgent, essential client transactions or issues that may arise.
CWB announces closing of private placement of NVCC subordinated debentures
EDMONTON, June 29, 2020 – Canadian Western Bank (TSX: CWB) today announced that it has closed its private placement of $125 million aggregate principal amount of 4.840% Series G Subordinated Debentures due June 29, 2030 (Non-Viability Contingent Capital (NVCC)) (the “Debentures”). National Bank Financial Inc. acted as advisor to CWB on the placement, which was acquired by Caisse de dépôt et placement du Québec (CDPQ).
CWB announces private placement of NVCC subordinated debentures
EDMONTON, Alberta, June 25, 2020 – Canadian Western Bank (“CWB”) (TSX: CWB) today announced its intent to issue, on a private placement basis in Canada, $125 million aggregate principal amount of 4.840% Series G Subordinated Debentures due June 29, 2030 (Non-Viability Contingent Capital (NVCC)) (the “Debentures”). National Bank Financial Inc. acted as advisor on the placement. The expected closing date is on or about June 29, 2020.
CWB enacts and expands measures to take a stand against racism
For too long, senseless acts of violence have impacted Black, Indigenous, and other racialized people in our communities. We must act with urgency to find ways to end the inequality that is built into our society. There is discomfort in acknowledging this, but that discomfort is where we need to begin.
CWB completes acquisition of T.E Wealth and Leon Frazer & Associates
Edmonton, June 1, 2020 - CWB Financial Group (CWB) (TSX: CWB) has completed its previously announced acquisition of iA Investment Counsel Inc. (iAIC). iAIC is a leading provider of financial planning and wealth management services for high-net-worth Canadian families, delivered under the brand names T.E. Wealth (T.E.) and Leon Frazer & Associates (Leon Frazer).