CWB Financial Group

News & events

  • December 30, 2016

    Greater Interest GIC campaign results in $100,000 donation

    Canadian Western Bank (CWB) is pleased to donate $102,412 to Big Brothers Big Sisters (BBBS) agencies across Western Canada thanks to its The Greater Interest GIC®. The 2016 campaign marked CWB’s ninth year offering this unique investment product through which CWB has donated more than $2.1 million to children’s charities since 2008.

  • December 01, 2016

    CORRECTION: CWB reports financial performance for the fourth quarter and fiscal 2016

    In the news release, "CWB reports financial performance for the fourth quarter and fiscal 2016," issued earlier today by Canadian Western Bank (TSX:CWB), balances of loans classified as past due but not impaired were overstated within the Credit Quality section of the release.

  • December 01, 2016

    CWB declares quarterly 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 January 5, 2017 to shareholders of record on December 15, 2016.

  • December 01, 2016

    CWB reports financial performance for the fourth quarter and fiscal 2016

    Core operating performance for the fourth quarter was strong based on 6% growth of pre-tax, pre-provision (PTPP) income to $89.5 million. CWB’s core operating performance for fiscal 2016 was also strong based on achievement of record total revenues and 8% growth of pre-tax, pre-provision income to $353.8 million.

  • November 14, 2016

    CWB to redeem $105 million of Trust Capital Securities

    Canadian Western Bank (“CWB”) today announced its intention to redeem through CWB Capital Trust all $105 million of outstanding 6.199% Trust Capital Securities - Series 1 (the “WesTS”) at par plus accrued interest.

  • September 13, 2016

    The Greater Interest GIC is back

    The Greater Interest GIC, Canadian Western Bank’s annual campaign supporting Big Brothers Big Sisters agencies across Canada, returns this September. Throughout the month, clients can earn a guaranteed return while setting in motion a corporate donation from the bank, based on the amount invested.

  • September 01, 2016

    CWB declares quarterly dividends

    CWB today announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share (TSX:CWB), payable on September 29, 2016 to shareholders of record on September 15, 2016.

  • September 01, 2016

    CWB reports third quarter financial performance

    CWB today announced third quarter financial performance which, compared to the same quarter in 2015, included very strong and geographically diverse loan growth, strong branch-raised deposit growth and steady growth in pre-tax, pre-provision (PTPP) earnings.

  • July 07, 2016

    CWB announces closing of common share offering

    CWB announced that it has closed its public offering of common shares. CWB issued 6,125,000 common shares at a price of $24.50 per Share to raise gross proceeds of approximately $150 million.

  • July 07, 2016

    CWB announces appointments to its executive team

    Chris Fowler, President and Chief Executive Officer, is pleased to announce three new appointments to CWB's executive team. This follows the planned retirements of Randy Garvey, Executive Vice President, Corporate Services, and Greg Sprung, Executive Director, Business Development, who will support the transition until August 31, 2016.

  • July 01, 2016

    CWB completes acquisition of Canadian franchise financing assets of GE Capital

    Canadian Western Bank (CWB) (TSX: CWB) today completed its previously announced acquisition of the loan portfolio and related business assets of GE Capital’s Canadian franchise financing business, now known as CWB Franchise Finance.

  • June 20, 2016

    Canadian Western Bank expands in Lloydminster

    Canadian Western Bank (CWB) is pleased to announce the opening of its new branch in Lloydminster, Saskatchewan. The branch, located at 2909 50 Avenue, has a team of 11 employees to help clients meet their business and personal banking needs. Previously, CWB’s presence in the city was limited to equipment financing offerings.

  • June 17, 2016

    CWB Announces Increase to Previously Announced Bought Deal Offering to a $150 Million Offering of Common Shares

    Canadian Western Bank (TSX:CWB) ("CWB") announced today that, due to strong demand, CWB has increased the size of its previously announced public offering to $150 million.

  • June 16, 2016

    CWB announces $125 million bought deal offering of common shares

    Canadian Western Bank (TSX: CWB) (“CWB”) announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and National Bank Financial Inc., (collectively, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 5,105,000 common shares (the “Shares”) from CWB at a price of $24.50 per Share, for gross proceeds of approximately $125 million (the “Offering”).

  • June 02, 2016

    CWB declares quarterly 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, 2016 to shareholders of record on June 20, 2016.

  • June 02, 2016

    CWB reports second quarter financial performance

    CWB today announced second quarter financial performance which included strong growth in pre-tax, pre-provision (PTPP) earnings and the significant negative impact of persistent low oil prices on the credit performance of oil and gas production loans.

  • May 04, 2016

    CWB Group donates $25,000 to Alberta fire relief efforts

    CWB Group has made a $25,000 donation to the Canadian Red Cross to support communities affected by the ongoing fires in northern Alberta.

  • May 03, 2016

    CWB updates credit outlook for second quarter 2016

    Canadian Western Bank (TSX: CWB) today announced updated expectations for its second quarter fiscal 2016 provision for credit losses.

  • April 12, 2016

    Canadian Western Bank recognized by Employment and Social Development Canada

    Canadian Western Bank (CWB) is proud to have recently been recognized by Employment and Social Development Canada at the inaugural Employment Equity Achievement Awards in the category of Improved Representation.

  • April 07, 2016

    CWB to acquire GE Capital's Canadian Franchise Finance business

    Canadian Western Bank (CWB) (TSX: CWB) today announced its recent signing of an asset purchase agreement to acquire GE Capital’s Canadian Franchise Finance business.