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CWB announces private placement of NVCC subordinated debenturesCanadian 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 racismFor 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 & AssociatesEdmonton, 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).
CWB reports second quarter 2020 financial and strategic performanceEdmonton, May 29, 2020 – CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the three and six month periods ended April 30, 2020. Our second quarter report includes discussion of how the COVID-19 pandemic and economic impact has affected our financial results and our business. We also provide an update on our continued strategic execution to enhance our differentiated full-service client experience.