CWB Financial Group to close all locations on July 17 for all-employee Day of Thanks

EDMONTON, June 30, 2020 - 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.

“Our people have absolutely stepped up these past few months and this day is a sincere expression of our gratitude,” said Chris Fowler, CWB’s president and CEO. “The health, safety and perspectives of our people and our clients have underpinned every pandemic response decision we’ve made. An extra long weekend over the summer is a natural extension of other initiatives we’ve put in place to put our people first including flexible work arrangements until at least October of this year, virtual mental health information and programming, and additional recognition for client-facing employees.”

CWB’s team members have proactively supported thousands of clients through the COVID-19 pandemic, ensuring they have the financial information and tools to manage their business and personal finances in both the short- and medium-term.

“I’m incredibly proud of how our teams quickly mobilized to reach out to clients to provide advice, support and solutions for those experiencing financial uncertainty due to the impact of COVID-19,” added Stephen Murphy, CWB’s executive vice president of banking. “Our clients have overwhelmingly told us how much they value the proactive support they’ve received. I thank our clients for their continued partnership, as well as their support in acknowledging our team members through this ‘Day of Thanks’ and the sincere sense of appreciation it represents.”

For more information, contact:

Angela Saveraux

Assistant Vice President, Marketing and Public Relations

Canadian Western Bank

780-722-3578

[email protected]