Canadian Western Bank (T:CWB)
Business Focus: Banks (NEC)
May 03, 2024 06:00 pm ET
CWB to redeem Series F NVCC subordinated debentures
EDMONTON, AB, May 3, 2024 /CNW/ - Canadian Western Bank (CWB) today announced its intention to redeem all outstanding $250 million 3.668% Series F Subordinated Debentures (Non-Viability Contingent Capital (NVCC)) due June 11, 2024 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on June 11, 2024. Formal notice will be delivered to the Debenture holders in accordance with the terms and conditions set forth in the related trust indenture.
Apr 24, 2024 01:08 pm ET
CWB ranked 28 on the 2024 list of 50 best workplaces in Canada
EDMONTON, AB, April 24, 2024 /CNW/ - CWB Financial Group (CWB) is honoured to secure number 28 on this year's Best Workplaces in Canada. For the fifth consecutive year, CWB ranks among the list's top 50 and among hundreds of other Canadian companies assessed for their ability to prioritize employee well-being and a positive work environment. The award demonstrates our unwavering dedication to a people first culture that cultivates diversity and inclusion, learning and development, and opportunity for employees to provide feedback that shapes our workplace.
Apr 18, 2024 02:00 pm ET
CWB named to Canada's Most Admired™ Corporate Cultures Hall of Fame with fourth win
EDMONTON, AB, April 18, 2024 /CNW/ - CWB Financial Group is thrilled to be named one of Canada's Most Admired™ Corporate Cultures by Waterstone Human Capital. Marking the fourth time that CWB has received the honour (2010, 2013, 2020, 2023), CWB now enters Canada's Most Admired Corporate Cultures™ Hall of Fame, strengthening its position as a destination for top talent. CWB's award-winning workplace is built on a foundation of people who deliver excellent results, nurture strong relationships, embrace change, actively pursue learning and development, and champion equitable opportunities for
Apr 17, 2024 05:30 pm ET
CWB to announce second quarter 2024 results on May 31, 2024
EDMONTON, AB, April 17, 2024 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our second quarter 2024 results on May 31, 2024 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
Apr 15, 2024 08:50 pm ET
CWB announces results of conversion privilege of First Preferred Shares Series 5 and Series 9
EDMONTON, AB, April 15, 2024 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today announced that after having taken into account all election notices received by the April 15, 2024 deadline for conversion of its currently outstanding 5,000,000 non-cumulative 5-year rate reset First Preferred Shares Series 5 (the "Series 5 Preferred Shares") (TSX: CWB.PR.B) into non-cumulative floating rate First Preferred Shares Series 6 of CWB (the "Series 6 Preferred Shares"), no Series 5 Preferred Shares will be converted into Series 6 Preferred Shares. There were 74,617 Series 5 Preferred Shares electe
Apr 05, 2024 05:51 pm ET
CWB announces election of directors
EDMONTON, AB, April 5, 2024 /CNW/ - Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the Management Proxy Circular dated January 29, 2024, were elected as directors of CWB at the Annual Meeting of Common Shareholders held on April 4, 2024. Detailed results of the vote for the election of directors are set out below.
Apr 01, 2024 07:00 pm ET
CWB announces Dividend Rates on First Preferred Shares Series 5, Series 6, Series 9 and Series 10
EDMONTON, AB, April 1, 2024 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today announced the applicable dividend rates for its non-cumulative 5-year rate reset First Preferred Shares Series 5 (the "Series 5 Preferred Shares") (TSX: CWB.PR.B), non-cumulative floating rate First Preferred Shares Series 6 (the "Series 6 Preferred Shares"), non-cumulative 5-year rate reset First Preferred Shares Series 9 (Non-Viability Contingent Capital (NVCC)) (the "Series 9 Preferred Shares") (TSX: CWB.PR.D) and non-cumulative floating rate First Preferred Shares Series 10 (Non-Viability Contingent Capita
Mar 21, 2024 07:00 pm ET
CWB announces conversion privilege of First Preferred Shares Series 5 and Series 9
EDMONTON, AB, March 21, 2024 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 5,000,000 non-cumulative 5-year rate reset First Preferred Shares Series 5 (the "Series 5 Preferred Shares") (TSX: CWB.PR.B) on April 30, 2024. As a result, subject to certain conditions described in the prospectus supplement dated February 3, 2014 relating to the issuance of the Series 5 Preferred Shares (the "Series 5 Preferred Share Prospectus"), the holders of the Series 5 Preferred Shares have the ri
Mar 13, 2024 07:00 pm ET
CWB publishes 2023 Sustainability Report
EDMONTON, AB, March 13, 2024 /CNW/ - Canadian Western Bank (CWB) today released its 2023 Sustainability Report, which provides insight into our performance related to priority environmental, social and governance (ESG) factors that support the ongoing success of our clients, long-term value creation for all our stakeholders and sustainable growth for our business. Our Sustainability Report includes our Public Accountability Statement and can be found on our website at: www.cwb.com/sustainability-reports.
Mar 01, 2024 06:00 am ET
CWB declares dividends in February 2024
EDMONTON, AB, March 1, 2024 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per common share (TSX: CWB), payable on March 21, 2024 to shareholders of record on March 7, 2024. This quarterly dividend is consistent with the last quarter and up two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on April 30, 2024 to shareholders of record on April 23, 2024.
Mar 01, 2024 06:00 am ET
CWB reports first quarter 2024 performance
This news release and accompanying financial highlights are supplementary to CWB's 2024 First Quarter Report to Shareholders and 2023 Annual Report and should be read in conjunction with those documents.
Feb 27, 2024 06:00 pm ET
CWB Management Proxy Circular for 2024 now available
EDMONTON, AB, Feb. 27, 2024 /CNW/ - Canadian Western Bank (TSX: CWB) (CWB) announced today it has mailed its Notice of Annual Meeting of Common Shareholders and Management Proxy Circular (the Circular) to common shareholders of CWB. The Circular has been filed with securities regulators and is available online at www.cwb.com/annual-report-and-annual-meeting.
Jan 25, 2024 10:28 am ET
CWB to announce first quarter 2024 results on March 1, 2024
EDMONTON, AB, Jan. 25, 2024 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our first quarter 2024 results on March 1, 2024 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
Jan 15, 2024 06:00 pm ET
CWB announces NVCC subordinated debenture offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Dec 08, 2023 06:00 am ET
CWB declares dividends in December 2023
EDMONTON, AB, Dec. 8, 2023 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.34 per common share (TSX: CWB), payable on January 4, 2024 to shareholders of record on December 21, 2023. This quarterly dividend is up one cent, or 3%, from the prior quarter and two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on January 31, 2024 to shareholders of record on January 24, 20
Dec 08, 2023 06:00 am ET
CWB reports fourth quarter and full year 2023 financial performance
EDMONTON, AB, Dec. 8, 2023 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the year ended October 31, 2023. Annual diluted earnings per share of $3.38 was relatively consistent with the prior year and adjusted earnings per common share(1) of $3.58 declined 1%.
Dec 04, 2023 06:18 pm ET
CWB changes the start time of its Q4 and fiscal 2023 conference call and webcast on December 8th
EDMONTON, AB, Dec. 4, 2023 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) announced today that CWB Management will now host a conference call with analysts on December 8, 2023 at 9:00 a.m ET, an hour earlier than previously announced. The timing of the release of our fourth quarter and fiscal 2023 results has not changed, and remains December 8, 2023 via newswire at approximately 7:00 a.m. Eastern Time (ET). A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relat
Nov 06, 2023 02:28 pm ET
CWB to announce fourth quarter and fiscal 2023 results on December 8, 2023
EDMONTON, AB, Nov. 6, 2023 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our fourth quarter and fiscal 2023 results on December 8, 2023 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
Oct 19, 2023 02:00 pm ET
CWB national headquarters moving to Edmonton's Manulife Place
EDMONTON, AB, Oct. 19, 2023 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) today announced that it will move its national headquarters to Manulife Place in downtown Edmonton. Renovations will take place in the award-winning tower at 10180 101 St NW and will include naming rights and crown signage for CWB.
Sep 01, 2023 07:00 am ET
CWB declares dividends in August 2023
EDMONTON, AB, Sept. 1, 2023 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.33 per common share (TSX: CWB), payable on September 28, 2023 to shareholders of record on September 14, 2023. This quarterly dividend is the same as last quarter and is up two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on October 31, 2023 to shareholders of record on October 24, 2023.
Sep 01, 2023 07:00 am ET
CWB reports third quarter 2023 financial performance
This news release and accompanying financial highlights are supplementary to CWB's 2023 Third Quarter Report to Shareholders and 2022 Annual Report and should be read in conjunction with those documents.
Jul 11, 2023 11:00 am ET
CWB to announce third quarter 2023 results on September 1, 2023
EDMONTON, AB, July 11, 2023 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our third quarter 2023 results on September 1, 2023 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
May 26, 2023 07:00 am ET
CWB declares dividends in May 2023
EDMONTON, AB, May 26, 2023 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.33 per common share (TSX: CWB), payable on June 22, 2023 to shareholders of record on June 8, 2023. This quarterly dividend is up one cent, or 3%, from the prior quarter and two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on July 31, 2023 to shareholders of record on July 24, 2023.
May 26, 2023 07:00 am ET
CWB reports second quarter 2023 performance
This news release and accompanying financial highlights are supplementary to CWB's 2023 Second Quarter Report to Shareholders and 2022 Annual Report and should be read in conjunction with those documents.
Apr 18, 2023 11:00 am ET
CWB to announce second quarter 2023 results on May 26, 2023
EDMONTON, AB, April 18, 2023 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our second quarter 2023 results on May 26, 2023 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
Apr 17, 2023 01:35 pm ET
CWB ranked 23 on the 2023 list of 50 best workplaces
EDMONTON, AB, April 17, 2023 /CNW/ - CWB Financial Group (CWB) has proudly placed number 23 on this year's Best Workplaces in Canada. Highlighted for our outstanding employee experience among hundreds of other participating employers headquartered in Canada, it marks the fourth straight year that CWB has placed within the top 50 after premiering in 2020. We continue to earn national recognition for our commitment to a people first culture where employees shape the future of our workplace through listening and feedback, reflect the diverse and inclusive communities in which they live and work
Apr 06, 2023 07:36 pm ET
CWB announces election of directors
EDMONTON, AB, April 6, 2023 /CNW/ - Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the Management Proxy Circular mailed to shareholders prior to the Annual Meeting were elected as directors of CWB. Detailed results of the vote for the election of directors held yesterday at CWB's Annual Meeting of Common Shareholders are set out below.
Mar 15, 2023 11:37 am ET
CWB publishes 2022 Sustainability Report
EDMONTON, AB, March 15, 2023 /CNW/ - Canadian Western Bank (CWB) today released its 2022 Sustainability Report, which provides insight into our performance related to priority environmental, social and governance (ESG) factors that support the ongoing success of our clients, long-term value creation for all our stakeholders and sustainable growth for our business. Our Sustainability Report includes our Public Accountability Statement and can be found on our website at: www.cwb.com/sustainability-reports.
Mar 02, 2023 06:00 am ET
CWB declares dividends in March 2023
EDMONTON, AB, March 2, 2023 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per common share (TSX: CWB), payable on March 23, 2023 to shareholders of record on March 9, 2023. This quarterly dividend is the same as last quarter and is up two cents, or 7%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on April 30, 2023 to shareholders of record on April 21, 2023.
Mar 02, 2023 06:00 am ET
CWB reports first quarter 2023 performance
This news release and accompanying financial highlights are supplementary to CWB's 2023 First Quarter Report to Shareholders and 2022 Annual Report and should be read in conjunction with those documents.
Jan 17, 2023 12:36 pm ET
CWB to announce first quarter 2023 results on March 2, 2023
EDMONTON, AB, Jan. 17, 2023 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our first quarter 2023 results on March 2, 2023 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
Dec 08, 2022 12:15 pm ET
JOINT STATEMENT BY CANADIAN BANKS AND LIFE INSURANCE COMPANIES REGARDING ANNUAL MEETINGS IN 2023
TORONTO, Dec. 8, 2022 /CNW/ - This 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 monitor the ongoing COVID-19 pandemic and the directives and recommendations from public health and government authorities. In the last few years, we have been taking a series of proactive precautionary measures to help protect the health and well-being of our employees, clients and communities. This degree of care and concern extends to all of our shar
Dec 02, 2022 06:00 am ET
CWB declares dividends in December 2022
EDMONTON, AB, Dec. 2, 2022 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per common share (TSX: CWB), payable on January 5, 2023 to shareholders of record on December 15, 2022. This quarterly dividend is up one cent, or 3%, from the prior quarter and two cents, or 7%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on January 31, 2023 to shareholders of record on January 24, 20
Dec 02, 2022 06:00 am ET
CWB reports fourth quarter and full year 2022 financial and strategic performance
EDMONTON, AB, Dec. 2, 2022 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the year ended October 31, 2022. Annual diluted earnings per share of $3.39 and adjusted earnings per common share(1) of $3.62, were down 9% and 5%, respectively, reflecting an increase in the performing loan provision for credit losses due to a deterioration in macro-economic forecasts. Fourth quarter diluted earnings per share of $0.72 was down 18% sequentially and reflected the impact of the accelerated amortization of certain previously capitalized Advanced Internal Ratings B
Nov 01, 2022 03:10 pm ET
Canadian Western Bank to host investor day event
EDMONTON, AB, Nov. 1, 2022 /CNW/ - Canadian Western Bank (CWB) will be hosting an Investor Day event in Toronto on Wednesday December 7th, 2022. The live event will feature presentations from members of the executive and senior leadership team to provide an in-depth review of the company's focused strategic plan and priorities, growth opportunities, the resilience provided by our prudent risk management practices, and how this will support our financial outlook while we continue to make progress towards a successful transition to the Advanced Internal Ratings Based (AIRB) approach for capit
Nov 01, 2022 07:00 am ET
CWB strengthens its national private wealth offering with the launch of CWB Wealth
CWB Wealth harmonizes CWB's five boutique wealth management affiliates under a new national brand identity
Oct 06, 2022 03:00 pm ET
CWB to announce fourth quarter and fiscal 2022 results on December 2, 2022
EDMONTON, AB, Oct. 6, 2022 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our fourth quarter and fiscal 2022 results on December 2, 2022 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.
Oct 05, 2022 02:26 pm ET
CWB wins Aite-Novarica Group's 2022 Impact Award for AI and Advanced Analytics
EDMONTON, AB, Oct. 5, 2022 /CNW/ - Canadian Western Bank (CWB) is honoured to win a 2022 Impact Award in Cash Management and Payments from Aite-Novarica Group, a global advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to the financial services industry. CWB's Virtual Chief Operating Officer (Virtual COO) garnered the award in the Artificial Intelligence and Advanced Analytics category. CWB is the only Canadian company among the award winners this year.
Aug 26, 2022 07:00 am ET
CWB declares dividends in August 2022
EDMONTON, AB, Aug. 26, 2022 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share (TSX: CWB), payable on September 22, 2022 to shareholders of record on September 8, 2022. This quarterly dividend is the same as last quarter and is up two cents, or 7%, from the dividends declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on October 31, 2022 to shareholders of record on October 20, 2022.
Aug 26, 2022 07:00 am ET
CWB reports third quarter 2022 financial and strategic performance
Third Quarter 2022 Highlights (compared to the same period in the prior year)
Jun 01, 2022 07:00 pm ET
CWB establishes new at-the-market equity program
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
May 27, 2022 07:00 am ET
CWB declares dividends in May 2022
EDMONTON, AB, May 27, 2022 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share (TSX: CWB), payable on June 23, 2022 to shareholders of record on June 9, 2022. This quarterly dividend is up one cent, or 3%, from the dividends declared last quarter and one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on July 31, 2022 to shareholders of record on July 22, 2022.
May 27, 2022 07:00 am ET
CWB reports second quarter 2022 financial and strategic performance
Second Quarter 2022 Highlights (compared to the same period in the prior year)
Apr 27, 2022 03:25 pm ET
CWB climbs to number 20 on the 2022 list of 50 Best Workplaces
EDMONTON, AB, April 26, 2022 /CNW/ - CWB Financial Group (CWB) is proud to be recognized as number 20 on this year's Best Workplaces™ in Canada. Receiving the honour among hundreds of participating employers headquartered in Canada, it marks the third straight year that CWB has placed within the top 50, and the first time it has climbed into the top 20, moving up from number 28 in 2021. Our continued rise on this list, after premiering in 2020, is powered by a people first culture that ensures our employees be and feel heard, promotes inclusivity and diverse viewpoints, and inspires collabor
Apr 08, 2022 05:46 pm ET
CWB announces election of directors
EDMONTON, AB, April 8, 2022 /CNW/ - Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the Management Proxy Circular mailed to shareholders prior to the Annual Meeting were elected as directors of CWB. Detailed results of the vote for the election of directors held yesterday at CWB's Annual Meeting of Common Shareholders are set out below.
Apr 01, 2022 01:25 pm ET
CWB announces appointments to its executive team
EDMONTON, AB, April 1, 2022 /CNW/ - Canadian Western Bank (CWB) today announced four new appointments to its executive leadership team. This follows the planned retirements of Carolyn Graham, Executive Vice President and Chief Risk Officer, Glen Eastwood, Executive Vice President, Business Transformation, and Darrell Jones, Executive Vice President and Chief Information Officer, who will support the transition until their respective retirement dates throughout 2022.
Mar 28, 2022 06:17 pm ET
CWB recognized by the Globe and Mail's Women Lead Here benchmark of executive diversity
EDMONTON, AB, March 28, 2022 /CNW/ - CWB is pleased to announce its recognition in the Globe and Mail's 2022 Report on Business Women Lead Here. The full list for 2022 highlights businesses that have made tangible, systemic organizational progress related to executive gender parity, and identifies Canadian corporations with best-in-class executive gender diversity.
Mar 14, 2022 01:15 pm ET
CWB releases its inaugural Sustainability Report
EDMONTON, AB, March 14, 2022 /CNW/ - Canadian Western Bank (CWB) today released its inaugural Sustainability Report, demonstrating continued progress towards providing comprehensive reporting focused on the environmental, social and governance (ESG) factors that we identify as material to our business and of greatest importance to our clients, people, communities and investors. The Sustainability Report also includes our Public Accountability Statement.
Mar 01, 2022 05:09 pm ET
CWB announces new Board Chair: Sarah Morgan-Silvester
EDMONTON, AB, March 1, 2022 /CNW/ - CWB Financial Group (TSX: CWB) today announced Sarah Morgan-Silvester, OBC, has been unanimously selected by her fellow directors as CWB's new Board Chair, subject to her re-election as a director at CWB's annual general meeting on April 7, 2022. Morgan-Silvester will succeed Robert (Bob) Phillips, who will retire at the conclusion of the annual general meeting, having served as Board chair for the past six years and as a CWB director since 2001.
Feb 28, 2022 09:00 am ET
New CWB national headquarters to be built in Edmonton's ICE District
Canada's bank for business owners announced as the anchor tenant in ICE District's last available tower that overlooks ICE Plaza
Feb 25, 2022 06:00 am ET
CWB declares dividends in February 2022
EDMONTON, AB, Feb. 25, 2022 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per common share (TSX: CWB), payable on March 24, 2022 to shareholders of record on March 10, 2022. This quarterly dividend is the same as last quarter and is up one cent, or 3%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on April 30, 2022 to shareholders of record on April 22, 2022.
Feb 25, 2022 06:00 am ET
CWB reports first quarter 2022 financial and strategic performance
First Quarter 2022 Highlights (compared to the same period in the prior year)
Feb 16, 2022 06:30 am ET
Further expansion into Ontario for Canadian Western Bank
New banking centres to open in Markham and Toronto's Financial District
Dec 06, 2021 09:22 am ET
Joint Statement by Canadian Banks and Life Insurance Companies Regarding Annual Meetings in 2022
TORONTO, Dec. 6, 2021 /CNW/ - This 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 the ongoing impact of the COVID-19 pandemic 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. This degree of care and concern ext
Dec 03, 2021 05:00 am ET
CWB declares dividends in December 2021
EDMONTON, AB, Dec. 3, 2021 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per common share (TSX: CWB), payable on January 6, 2022 to shareholders of record on December 16, 2021. This quarterly dividend is up one cent, or 3%, from the dividends declared one year ago and last quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on January 31, 2022 to shareholders of record on January 21, 2022.
Dec 03, 2021 05:00 am ET
CWB reports fourth quarter and full year 2021 financial and strategic performance
Fourth Quarter and Full Year 2021 Highlights (compared to the same period in the prior year, unless otherwise noted)
Aug 27, 2021 07:00 am ET
CWB declares dividends in August 2021
EDMONTON, AB, Aug. 27, 2021 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX: CWB), payable on September 23, 2021 to shareholders of record on September 9, 2021. This quarterly dividend is consistent with the dividends declared one year ago and last quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on October 31, 2021 to shareholders of record on October 22, 2021.
Aug 27, 2021 07:00 am ET
CWB reports third quarter 2021 financial and strategic performance
Third Quarter 2021 Highlights (compared to the same period in the prior year)
Aug 12, 2021 12:02 pm ET
CWB becomes first Canadian Schedule 1 bank to partner with Conquest, elevating the wealth experience
Conquest's financial planning software to support the personalized wealth advisory experience for CWB Wealth Management clients
Jun 01, 2021 05:32 pm ET
CWB confirms upcoming redemption of NVCC Series 7 Preferred Shares
EDMONTON, AB, June 1, 2021 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today confirmed that it will redeem all of its outstanding 5,600,000 Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 7 (Non-Viability Contingent Capital (NVCC)) (the "Series 7 Preferred Shares") for cash on July 31, 2021. The Series 7 Preferred Shares (TSX: CWB.PR.C) are redeemable at CWB's option on July 31, 2021 at a redemption price per Series 7 Preferred Share equal to $25.00 for an aggregate total of $140 million. Formal notice will be delivered to holders of Series 7 Preferred Shares in accordanc
May 31, 2021 10:39 pm ET
CWB establishes an at-the-market equity program to support higher levels of accretive loan growth
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
May 28, 2021 06:00 am ET
CWB declares dividends in May 2021
EDMONTON, AB, May 28, 2021 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX:CWB), payable on June 24, 2021 to shareholders of record on June 10, 2021. This quarterly dividend is consistent with the dividends declared one year ago and last quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on July 31, 2021 to shareholders of record on July 23, 2021.
May 28, 2021 06:00 am ET
CWB reports second quarter 2021 financial and strategic performance
Second Quarter 2021 Highlights(1) (compared to the same period in the prior year)
Apr 13, 2021 04:11 pm ET
CWB ranked 28 on the 2021 list of 50 Best Workplaces in Canada
EDMONTON, AB, April 13, 2021 /CNW/ - CWB Financial Group (CWB) is delighted to be recognized as number 28 on this year's Best Workplaces™ in Canada. Alongside hundreds of participating organizations headquartered in Canada, the honour marks the second straight year that CWB is ranked in the top 50, moving up from number 41 in 2020. The exceptional circumstances of the past year only strengthen CWB's commitment to advance a culture that puts people first, promotes inclusivity and diverse viewpoints, inspires collaboration and accountability, and fuels our mission to be the best full-service b
Apr 07, 2021 07:00 am ET
Brim Announces Partnership with Canadian Western Bank to Launch Platform as a Service (PaaS)
Technology suite includes innovative credit cards, an end-to-end digital platform, cards issuance and adjudication, and the world's largest embedded loyalty and rewards
Apr 01, 2021 07:24 pm ET
CWB announces election of directors
EDMONTON, AB, April 1, 2021 /CNW/ - Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the management proxy circular mailed to shareholders prior to the annual meeting were elected as directors of CWB. Detailed results of the vote for the election of directors held today at CWB's annual meeting of common shareholders are set out below.
Mar 25, 2021 09:24 am ET
CWB announces closing of limited recourse capital notes issuance
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Mar 18, 2021 07:59 pm ET
CWB Announces Offering of Limited Recourse Capital Notes
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Mar 18, 2021 01:44 pm ET
CWB Announces 2021 Virtual Annual Meeting of Shareholders
EDMONTON, AB, March 18, 2021 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) announced today that its Annual Meeting of Shareholders scheduled on April 1, 2021 at 1:00 p.m. (Mountain Time) will be virtual only. Shareholders and duly appointed proxyholders will have the opportunity to attend the meeting via live webcast where they can ask questions and vote through the Lumi platform accessible at https://web.lumiagm.com/493591604, password "cwb2021" (case sensitive).
Mar 17, 2021 02:39 pm ET
CWB Trust Services appointed as trustee for Equity Associates Inc.'s registered plans
VANCOUVER, BC, March 17, 2021 /CNW/ - CWB Trust Services (CWBTS) is delighted to announce its appointment as the trustee for all Equity Associates Inc. registered plans.
Mar 01, 2021 04:30 pm ET
CWB Files Management Proxy Circular And Announces Two New Director Nominees
EDMONTON, AB, March 1, 2021 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) announced today it has mailed its notice of annual meeting of common shareholders and management proxy circular to common shareholders of Canadian Western Bank. The document is available online at cwb.com/investor-relations.
Feb 26, 2021 06:00 am ET
CWB declares dividends in February 2021
EDMONTON, AB, Feb. 26, 2021 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX: CWB), payable on March 25, 2021 to shareholders of record on March 11, 2021. This quarterly dividend is consistent with the dividends declared one year ago and last quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on April 30, 2021 to shareholders of record on April 23, 2021.
Feb 26, 2021 06:00 am ET
CWB reports first quarter 2021 financial and strategic performance
First Quarter 2021 Highlights(1) (compared to the same period in the prior year)
Dec 15, 2020 10:21 am ET
Joint Statement By Canadian Banks And Life Insurance Companies Regarding Annual Meetings In 2021
TORONTO, Dec. 15, 2020 /CNW/ - This 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. This degree of care and concern extends to all of our sh
Dec 10, 2020 05:00 pm ET
CWB announces leadership appointments
EDMONTON, AB, Dec. 10, 2020 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) announces leadership appointments.
Dec 04, 2020 05:00 am ET
CWB declares dividends in December 2020
EDMONTON, AB, Dec. 4, 2020 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX: CWB), payable on January 7, 2021 to shareholders of record on December 17, 2020. This quarterly dividend is up one cent, or 4%, from the dividend declared one year ago and consistent with last quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on January 31, 2021 to shareholders of record
Dec 04, 2020 05:00 am ET
CWB reports fourth quarter and full year 2020 financial and strategic performance
Fourth Quarter and Full Year 2020 Highlights(1) (compared to the same period in the prior year, unless otherwise noted)
Dec 01, 2020 01:00 pm ET
Kelly Blackett, Executive Vice President, named one of Canada's most powerful women
EDMONTON, AB, Dec. 1, 2020 /CNW/ - CWB Financial Group is delighted to congratulate Kelly Blackett, Executive Vice President, Human Resources and Corporate Communications, on her recognition as a Canada's Most Powerful Women: Top 100 Award winner. Acknowledging outstanding women across Canada who advocate for workforce diversity and inspire tomorrow's leaders, the Top 100 span the private, public and not-for-profit sectors. Winners are selected by the Women's Executive Network (WXN) Diversity Council of Canada.
Nov 26, 2020 11:10 am ET
CWB named one of Canada's Most Admired Corporate Cultures
EDMONTON, AB, Nov. 26, 2020 /CNW/ - CWB Financial Group is thrilled to win a Canada's Most Admired™ Corporate Culture Award. Certified by Waterstone Human Capital, the award punctuates CWB's energy and obsession to create a workplace that puts people first, rewards teamwork and embraces change. Employees draw on core values to take accountability for their actions and achievements, share views and create an inclusive environment that endeavours to be the best full-service bank for business owners in Canada.
Oct 30, 2020 11:20 am ET
Kelly Blackett, Executive Vice President, wins 2020 Report on Business Best Executive Award
New awards program from The Globe and Mail celebrates CWB's Human Resources and Corporate Communications EVP for her excellence in leadership
Oct 30, 2020 10:37 am ET
CWB announces closing of limited recourse capital notes offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Oct 23, 2020 05:03 pm ET
CWB announces limited recourse capital notes offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Oct 22, 2020 07:00 am ET
CWB update on expected timing of AIRB approval
EDMONTON, AB, Oct. 22, 2020 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) today provided an update on our transition to the Advanced Internal Ratings Based (AIRB) approach for regulatory capital and risk management. Our formal application review with the Office of the Superintendent of Financial Institutions Canada (OSFI) continues. It will now include a parallel run of our AIRB models and tools to evaluate their operation through this period of economic volatility. The timeline for approval will be extended, compared to our original expectation of the end of the current fiscal year. We expe
Oct 14, 2020 10:30 am ET
CWB's first GTA location brings better full-service business banking to Ontario
New Mississauga banking centre a crucial development in the continued growth of Canada's seventh-largest publicly traded bank
Oct 06, 2020 03:00 pm ET
CWB named to list of Best Workplaces in Financial Services and Insurance
EDMONTON, AB, Oct. 6, 2020 /CNW/ - CWB Financial Group (CWB) is delighted to be named to the 2020 list of Best Workplaces™ in Financial Services and Insurance. This honour represents further recognition of CWB's effort and commitment to build a culture that rewards collaboration, people-first approaches and embracing change. CWB became eligible for this distinction among its industry peers after making the list of 50 Best Workplaces™ in Canada in the Bank's first year of contention for the award.
Aug 28, 2020 06:00 am ET
CWB declares dividends in August 2020
EDMONTON, AB, Aug. 28, 2020 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX: CWB), payable on September 24, 2020 to shareholders of record on September 10, 2020. This quarterly dividend is up one cent, or 4%, from the dividend declared one year ago and consistent with last quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on October 30, 2020 to shareholders of re
Aug 28, 2020 06:00 am ET
CWB reports third quarter 2020 financial and strategic performance
Third Quarter 2020 Highlights(1) (compared to the same period in the prior year)
Jul 28, 2020 05:30 pm ET
CWB announces the appointment of Mary Filippelli to the Board
EDMONTON, AB, July 28, 2020 /CNW/ - Canadian Western Bank (TSX: CWB) is pleased to announce the appointment of Mary Filippelli to CWB's Board of Directors effective August 1, 2020.
Jun 30, 2020 03:30 pm ET
CWB Financial Group to close all locations on July 17 for all-employee 'Day of Thanks'
EDMONTON, AB, June 30, 2020 /CNW/ - 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.
Jun 29, 2020 10:40 am ET
CWB announces closing of private placement of NVCC subordinated debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Jun 25, 2020 02:11 pm ET
CWB announces private placement of NVCC subordinated debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Jun 01, 2020 05:00 pm ET
CWB completes acquisition of T.E. Wealth and Leon Frazer & Associates
EDMONTON, June 1, 2020 /CNW/ - 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). T.E. is also one of the largest and most reputable providers of investment management and financial education services to Indigenous communities, with offerings provided through T.E. Wealth Indigenous Services.
May 29, 2020 06:00 am ET
CWB declares dividends in May 2020
EDMONTON, May 29, 2020 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX:CWB), payable on June 25, 2020 to shareholders of record on June 11, 2020. This quarterly dividend is up two cents, or 7%, from the dividend declared one year ago and consistent with last quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on July 31, 2020 to shareholders of record on July 24, 2
May 29, 2020 06:00 am ET
CWB reports second quarter 2020 financial and strategic performance
Second Quarter 2020 Highlights(1) (compared to the same period in the prior year)
May 05, 2020 10:00 am ET
CWB to announce second quarter results on May 29, 2020
EDMONTON, May 5, 2020 /CNW/ - CWB Financial Group (TSX:CWB) (CWB) will release our second quarter 2020 results on May 29, 2020, which will be made available at http://www.cwb.com/investor-relations/quarterly-reports.
Apr 22, 2020 05:00 pm ET
CWB launches Export Development Canada's Business Credit Availability Program for business clients
EDMONTON, April 22, 2020 /CNW/ - Canadian Western Bank (TSX: CWB) today announced that eligible business clients can now apply for additional financial relief offered jointly with Export Development Canada (EDC), as part of the Government of Canada's Business Credit Availability Program (BCAP). Targeted to businesses looking for additional working capital to bridge them through the COVID-19 crisis, this program offers a floating rate term loan of up to $6.25 million with 80% of the total guaranteed by EDC.
Apr 17, 2020 11:28 am ET
CWB recognized as one of 50 Best Workplaces™ in Canada
EDMONTON, April 17, 2020 /CNW/ - CWB Financial Group (TSX: CWB) is thrilled to be recognized as one of this year's Best Workplaces™ in Canada, placing 41 out of 400 participating organizations headquartered in Canada in its first year in the running. CWB is committed to continuing to build a culture where people come first, and where collaborative spirit and embracing change are rewarded. Employees are empowered to take ownership, share their views and contribute to a caring, inclusive environment that strives to be the best full-service bank for business owners in Canada.
Apr 09, 2020 03:16 pm ET
Canada Emergency Business Account now available for CWB clients
EDMONTON, April 9, 2020 /CNW/ - Canadian Western Bank (TSX:CWB) today announced that eligible business clients can now apply for the Government of Canada's Canada Emergency Business Account to cover operating costs that that cannot be deferred, such as payroll, rent, utilities, insurance and property tax.
Apr 08, 2020 05:00 pm ET
CWB submits formal application for transition to the Advanced Internal Ratings Based approach
EDMONTON, April 8, 2020 /CNW/ - Canadian Western Bank (CWB) today announced submission of our formal application for transition to the Advanced Internal Ratings Based (A-IRB) approach for regulatory capital and risk management to the Office of the Superintendent of Financial Institutions (OSFI).
Apr 03, 2020 02:15 pm ET
CWB confirms election of directors
EDMONTON, April 3, 2020 /CNW/ - Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the management proxy circular mailed to shareholders prior to the annual meeting were elected as directors of CWB. Detailed results of the vote for the election of directors held yesterday at CWB's annual meeting of common shareholders are set out below.
Mar 20, 2020 01:04 pm ET
Important Information Canadian Western Bank's (CWB) Annual General Meeting and the impact of Coronavirus (COVID-19)
EDMONTON, March 20, 2020 /CNW/ - CWB's annual general meeting will take place on Thursday, April 2, 2020. CWB, recognizing the widespread cancellation of public events as a protection of individual and public safety given the outbreak of the coronavirus (COVID-19), is regretfully cancelling the in-person elements of the annual general meeting such that shareholders will not be able to attend the meeting in-person. No member of CWB's Board of Directors or management team will be in-person at its April 2 annual general meeting and we plan to only conduct the formal business of the annual gen
Mar 20, 2020 09:52 am ET
Joint Statement By Canadian Banks and Life Insurance Companies Regarding Annual Meeting Planning
TORONTO, March 20, 2020 /CNW/ - This is a joint statement issued by BMO, CIBC, Canadian Western Bank, Laurentian Bank, National Bank, RBC, Scotiabank, TD Bank, Great-West Lifeco, Canada Life, Manulife and Sun Life. Each of us is actively monitoring COVID-19 developments and the directives from public health and government authorities for group gatherings and social distancing, and we have been taking a series of proactive precautionary measures to help support the health and well-being of our employees, clients and the general public. This degree of care and concern extends to all of our sha
Mar 18, 2020 12:53 pm ET
CWB backs business owners; announces additional support for business owners impacted by COVID-19
EDMONTON, March 18, 2020 /CNW/ - Canadian Western Bank (CWB) is taking immediate action to support small- and medium-sized Canadian business owners as COVID-19 continues to dramatically impact our communities and our economy.
Mar 02, 2020 05:00 pm ET
CWB to acquire T.E. Wealth and Leon Frazer & Associates
Transaction significantly expands CWB's wealth management presence, investment offering and comprehensive financial planning capabilities for high-net-worth families across Canada
Feb 27, 2020 06:00 am ET
CWB declares dividends in February 2020
EDMONTON, Feb. 27, 2020 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX:CWB), payable on March 26, 2020 to shareholders of record on March 12, 2020. This quarterly dividend is up two cents, or 7%, from the dividend declared one year ago and one cent, or 4% from the prior quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on April 30, 2020 to shareholders of record
Feb 27, 2020 06:00 am ET
CWB reports first quarter 2020 financial and strategic performance
First Quarter 2020 Highlights(1) (compared to the same period in the prior year)
Feb 13, 2020 09:00 am ET
CWB Financial Group to implement FICANEX AI-powered chatbot solution
tunl.chat to enable conversational banking for a majority of online interactions with existing and potential clients, around the clock
Dec 05, 2019 06:00 am ET
CWB Financial Group partners with Temenos to deliver personalized, world-class digital experience for business owners
CWB first in Canada to leverage Temenos Data Lake with Explainable AI capabilities to offer a differentiated digital experience for small- to medium-sized business owners
Dec 05, 2019 05:44 am ET
CWB reports solid financial performance for fiscal 2019
Strong execution against balanced growth strategic objectives with ongoing loan portfolio diversificationA record $1.5 billion increase of branch-raised deposits with 12% growthFull-year adjusted cash earnings per common share of $3.15, up 5% from 2018
Dec 05, 2019 05:41 am ET
CWB declares fourth quarter fiscal 2019 dividends
EDMONTON, Dec. 5, 2019 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share (TSX:CWB), payable on January 7, 2020 to shareholders of record on December 17, 2019. This quarterly dividend is up two cents, or 8%, from the dividend declared one year ago and consistent with the prior quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on January 31, 2020 to shareholders of record
Nov 05, 2019 10:15 am ET
CWB recognized on the 2019 List of Best Workplaces™ in Alberta
EDMONTON, Nov. 5, 2019 /CNW/ - CWB Financial Group is proud to announce that our organization is on the 2019 list of Best Workplaces in Alberta.
Oct 18, 2019 07:00 am ET
CWB to redeem $250 million non-NVCC subordinated debentures
EDMONTON, Oct. 18, 2019 /CNW/ - Canadian Western Bank ("CWB") today announced its intention to redeem all $250 million of outstanding 3.463% Series E subordinated debentures (the "Debentures") on November 18, 2019 (the "Redemption Date"). The Debentures will be redeemed at the Canada Yield Price (as defined in the related trust indenture) of $1,000.99 for each $1,000 principal amount of Debentures, plus accrued interest to, but excluding, the Redemption Date, which corresponds to an aggregate amount of $253,900,253. Formal notice will be delivered to the Debenture holders in accordance with
Sep 26, 2019 05:00 pm ET
CWB announces TSX approval for normal course issuer bid
EDMONTON, Sept. 26, 2019 /CNW/ - Canadian Western Bank (TSX: CWB) ("CWB") announced today that a normal course issuer bid ("NCIB") authorized by its Board of Directors to purchase for cancellation during the next 12 months up to 1,740,000 common shares, representing approximately 2% of the issued and outstanding common shares, has been approved by the Toronto Stock Exchange ("TSX"), commencing October 1, 2019.
Sep 18, 2019 06:00 am ET
CWB Financial Group furthers commitment to women's empowerment
EDMONTON, Sept. 18, 2019 /CNW/ - CWB Financial Group has signed the UN Women's Empowerment Principles (WEPs), a joint initiative of UN Women and the UN Global Compact (UNGC), further demonstrating the Group's commitment to gender equality and women's empowerment.
Aug 29, 2019 07:00 am ET
CWB Declares Dividends
EDMONTON, Aug. 29, 2019 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share (TSX: CWB), payable on September 27, 2019 to shareholders of record on September 13, 2019. This quarterly dividend is up two cents, or 8%, from the dividend declared one year ago and one cent, or 4%, from the prior quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on October 31, 2019 to shareholde
Aug 29, 2019 07:00 am ET
CWB reports strong third quarter financial performance and common share dividend increase
Diluted and adjusted cash earnings per common share up 16% and 9%, respectivelyVery strong 13% annual branch-raised deposit growthStrong 10% annual loan growth, with increased geographic and industry diversification
Jun 18, 2019 11:16 am ET
CWB Wealth Management refiles select MRFPs
EDMONTON, June 18, 2019 /CNW/ - CWB Wealth Management Ltd. ("CWBWM"), as manager of the funds set out below (the "Funds"), announced today that it has refiled the management reports of fund performance ("MRFPs") for the year ended December 31, 2018 for the Funds to correct certain non-material errors in the performance data in the MRFPs resulting from an inadvertent error in the calculation of the Funds' performance in 2016:
Jun 17, 2019 02:00 pm ET
CWB's bold new brand promise and visual identity reflect its bright future
EDMONTON, June 17, 2019 /CNW/ - CWB Financial Group's (CWB) journey to be a disruptive force in Canadian banking took another step forward today with the launch of a new brand positioning and visual identity. The bold, bright language and design reflects the financial institution's position as a clear alternative for successful business owners across Canada.
Jun 11, 2019 08:26 am ET
CWB announces closing of subordinated debenture offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Jun 06, 2019 05:42 pm ET
CWB announces NVCC subordinated debenture offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
May 29, 2019 07:00 am ET
CWB declares dividends
EDMONTON, May 29, 2019 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per common share (TSX:CWB), payable on June 27, 2019 to shareholders of record on June 13, 2019. This quarterly dividend is up two cents, or 8%, from the dividend declared one year ago and unchanged from the prior quarter. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on July 31, 2019 to shareholders of record on July 2
May 29, 2019 07:00 am ET
CWB reports second quarter financial performance and continued strategic execution
Strong 10% annual loan growth and higher net interest margin compared to last year and the prior quarterBranch-raised deposit growth of 6% from last year and 3% from the prior quarterTotal revenue up 7% compared to last year, with pre-tax, pre-provision income up 4%
Apr 16, 2019 12:27 pm ET
CWB announces results of conversion privilege of First Preferred Shares Series 5
EDMONTON, April 16, 2019 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today announced that after having taken into account all election notices received by the April 15, 2019 deadline for conversion of its currently outstanding 5,000,000 non-cumulative 5-year rate reset First Preferred Shares Series 5 (the "Series 5 Preferred Shares") (TSX: CWB.PR.B) into non-cumulative floating rate First Preferred Shares Series 6 of CWB (the "Series 6 Preferred Shares"), no Series 5 Preferred Shares will be converted into Series 6 Preferred Shares. There were 294,756 Series 5 Preferred Shares elected f
Apr 10, 2019 05:21 pm ET
CWB amends normal course issuer bid
EDMONTON, April 10, 2019 /CNW/ - Canadian Western Bank (TSX: CWB) announced today that the Toronto Stock Exchange (TSX) has approved an amendment to its normal course issuer bid (NCIB) authorized by CWB's Board of Directors. The amendment increases the number of common shares that CWB may repurchase for cancellation by 1,767,000 to 3,534,000 common shares and represents a further 2% of the issued and outstanding common shares. This amendment increases the cumulative number of common shares available for repurchase under the NCIB to approximately 4% of the 88,929,045 common shares issued and
Apr 05, 2019 05:51 pm ET
CWB announces election of directors
EDMONTON, April 5, 2019 /CNW/ - Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the management proxy circular mailed to shareholders prior to the annual meeting were elected as directors of CWB. Detailed results of the vote for the election of directors held yesterday in Edmonton at CWB's annual meeting of common shareholders are set out below.
Apr 05, 2019 05:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Preferred Share Index
Apr 01, 2019 12:31 pm ET
CWB announces Dividend Rates on Non-cumulative 5-Year Rate Reset First Preferred Shares Series 5 and Non-cumulative Floating Rate First Preferred Shares Series 6
EDMONTON, April 1, 2019 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today announced the applicable dividend rates for its non-cumulative 5-year rate reset First Preferred Shares Series 5 (the "Series 5 Preferred Shares") (TSX: CWB.PR.B) and non-cumulative floating rate First Preferred Shares Series 6 (the "Series 6 Preferred Shares").
Mar 11, 2019 05:00 pm ET
CWB announces conversion privilege of non-cumulative 5-year rate reset First Preferred Shares Series 5
EDMONTON, March 11, 2019 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today announced that it does not intend to exercise its right to redeem all or any of its currently outstanding 5,000,000 non-cumulative 5-year rate reset First Preferred Shares Series 5 (the "Series 5 Preferred Shares") (TSX: CWB.PR.B) on April 30, 2019. As a result, subject to certain conditions described in the prospectus supplement dated February 3, 2014 relating to the issuance of the Series 5 Preferred Shares (the "Prospectus"), the holders of the Series 5 Preferred Shares have the right, at their option, to conv
Mar 07, 2019 06:00 am ET
CWB declares dividends
EDMONTON, March 7, 2019 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per common share (TSX:CWB), payable on March 29, 2019 to shareholders of record on March 15, 2019. This quarterly dividend is up two cents, or 8%, from the dividend declared one year ago and one cent, or 4%, from the previous quarter. The Board of Directors also declared a cash dividend of $0.275 per Series 5 Preferred Share, a cash dividend of $0.390625 per Series 7 Preferred Share, and an initial cash dividend of $0.3832 per Series 9 Prefer
Mar 07, 2019 06:00 am ET
CWB reports first quarter financial performance
Strong loan growth with continuing geographic diversificationPre-tax, pre-provision income up 10% compared to last year, with positive operating leverage Common share dividend increase
Jan 31, 2019 08:00 am ET
CWB announces Board appointment
EDMONTON, Jan. 31, 2019 /CNW/ - Robert Phillips, Chairman of the Board for Canadian Western Bank (TSX: CWB) is pleased to announce the appointment of E. Gay Mitchell to the CWB's Board of Directors effective January 31, 2019.
Jan 29, 2019 07:38 am ET
IIROC Trade Resumption - CWB.PR.D
TORONTO, Jan. 29, 2019 /CNW/ - Trading resumes in:
Jan 29, 2019 07:29 am ET
CWB announces closing of preferred share offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
Jan 29, 2019 07:09 am ET
IIROC Trading Halt - CWB.PR.D
TORONTO, Jan. 29, 2019 /CNW/ - The following issues have been halted by IIROC:
Jan 21, 2019 03:04 pm ET
CWB announces increase to NVCC preferred share offering
Canadian Western Bank (“CWB”) (TSX: CWB) today announced that as a result of strong investor demand for its previously announced domestic public offering of non-cumulative 5-year rate reset First Preferred Shares Series 9 (Non-Viability Contingent...
Jan 21, 2019 10:15 am ET
CWB announces NVCC preferred share offering
Canadian Western Bank (“CWB”) (TSX: CWB) today announced its intent to issue $100 million non-cumulative 5-year rate reset First Preferred Shares Series 9 (Non-Viability Contingent Capital (NVCC)) (the “Series 9 Preferred Shares”). The offering...
Jan 04, 2019 04:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Preferred Share Index
Dec 06, 2018 06:00 am ET
Canadian Western Bank (CWB) declares dividends
EDMONTON, Dec. 6, 2018 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share (TSX:CWB), payable on January 3, 2019 to shareholders of record on December 14, 2018. This quarterly dividend is consistent with the prior quarter and 8% higher than the dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per Series 5 Preferred Share (TSX:CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), both payable on January 31, 2019 to
Dec 06, 2018 06:00 am ET
CWB reports very strong financial performance for fiscal 2018 and a positive 2019 outlook
Strong execution of CWB's Balanced Growth strategy in 2018 with ongoing diversificationFourth quarter adjusted cash earnings per common share of $0.78, up 5% from 2017Fiscal 2018 adjusted cash earnings per common share of $3.01, up 14% from 2017
Sep 27, 2018 07:00 am ET
CWB receives TSX approval for normal course issuer bid
Canadian Western Bank (TSX:CWB) ("CWB") announced today that a normal course issuer bid ("NCIB") authorized by its Board of Directors to purchase for cancellation during the next 12 months up to 1,767,000 common shares, representing approximately...
Sep 04, 2018 07:00 am ET
Canadian Western Trust appointed as trustee for Credential Qtrade Securities
Canadian Western Trust (CWT) is pleased to have been appointed as registered plans trustee for Credential Qtrade Securities, a subsidiary of Aviso Wealth. “We’re very excited to add Credential Qtrade Securities, a significant independent financial...
Aug 30, 2018 07:00 am ET
CWB declares dividends
Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share (TSX:CWB), payable on September 28, 2018 to shareholders of record on September 14, 2018. This quarterly...
Aug 30, 2018 07:00 am ET
CWB reports strong third quarter financial performance and common share dividend increase
CWB Financial Group (TSX: CWB) (CWB) today announced strong third quarter financial performance with record common shareholders’ net income of $62 million and pre-tax, pre-provision income of $111 million, up 11% and 10%, respectively, from the...
Aug 10, 2018 11:22 am ET
CWB Franchise Finance partners with the Joseph Richard Group on development line facility
CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided financing to the Joseph Richard Group to assist with new premises construction, expansion, and renovations of existing premises and other general corporate purposes....
Jul 18, 2018 09:00 am ET
CWB Franchise Finance provides financing to Ricky’s Group for acquisition of Famoso Neapolitan Pizzeria
CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a term loan facility to Ricky’s Family Restaurants (Ricky’s Group) for the acquisition of the Famoso Neapolitan Pizzeria chain (Famoso). Established in 2006, Famoso has 30...
Jul 12, 2018 09:00 am ET
CWB Franchise Finance partners with Mercatto Hospitality Group on development line facility
CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a debt consolidation term loan, a relocation financing term loan and a development line facility to Mercatto Hospitality Group (Mercatto). The Canadian restaurant brand,...
Jun 12, 2018 07:00 am ET
CWB Wealth Management Ltd. announces fund merger to streamline its mutual funds line-up
CWB Wealth Management Ltd. (CWB WM), the manager of the CWB Mutual Funds, today announced proposed changes to certain CWB Mutual Funds to reduce duplication of mutual fund offerings that have similar investment objectives across CWB WM’s product...
Jun 07, 2018 07:00 am ET
CWB declares dividends
Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share (TSX:CWB), payable on June 28, 2018 to shareholders of record on June 15, 2018. This quarterly dividend is up...
Jun 07, 2018 07:00 am ET
CWB reports very strong second quarter financial performance
CWB Financial Group (TSX:CWB) (CWB) today announced very strong second quarter financial performance with common shareholders’ net income of $60 million and pre-tax, pre-provision income of $107 million, up 27% and 19%, respectively, from the...
May 01, 2018 05:55 pm ET
CWB Franchise Finance partners with Leopold’s Tavern Group on development line facility
MISSISSAUGA, Ontario, May 01, 2018 (GLOBE NEWSWIRE) -- CWB Franchise Finance (CWB), a division of CWB Financial Group, has provided a term loan, mortgage and development line facility to Leopold’s Tavern Group of Companies (Leopold’s Tavern). Opening soon...
Apr 06, 2018 07:45 pm ET
CWB announces election of directors
EDMONTON, Alberta, April 06, 2018 (GLOBE NEWSWIRE) -- Canadian Western Bank (TSX:CWB) today announced that all nominees listed in the management proxy circular mailed to shareholders prior to the annual meeting were elected as directors of CWB. Detailed...
Apr 04, 2018 03:30 pm ET
CWB Franchise Finance leads $109 million loan facility syndication for InnVest Hotels LP
MISSISSAUGA, Ontario, April 04, 2018 (GLOBE NEWSWIRE) -- CWB Franchise Finance, a division of CWB Financial Group, today announced it has led a syndicate to provide a $109 million loan facility to InnVest Hotels LP, owners of ninety-two...
Mar 08, 2018 07:00 am ET
CWB declares dividends
EDMONTON, Alberta, March 08, 2018 (GLOBE NEWSWIRE) -- Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share (TSX:CWB), payable on March 30, 2018 to shareholders...
Mar 08, 2018 07:00 am ET
CWB reports very strong first quarter financial performance
Pre-tax, pre-provision income up 14% compared to last yearAdjusted cash earnings per common share of $0.75 up 23% from last yearPositive operating leverage and common share dividend increase
Jan 31, 2018 05:00 pm ET
CWB Financial Group completes strategic acquisition of equipment finance and leasing assets
EDMONTON, Alberta, Jan. 31, 2018 (GLOBE NEWSWIRE) -- CWB Financial Group (CWB) (TSX:CWB) today completed its previously announced acquisition of the Canadian Commercial and Vendor Finance assets of ECN Capital Corp. (ECN). The equipment finance and leasing assets...
Jan 18, 2018 11:00 am ET
CWB Franchise Finance partners with Lone Star Texas Grill on development line facility
CWB Franchise Finance (CWB)(TSX: CWB), a division of CWB Financial Group, has provided a term loan and development line facility to Lone Star Group of Companies (Lone Star), a growing Canadian restaurant brand with locations across Ontario. The funds will be used to assist Lone Star with the build-out of new locations as well as renovation and update of existing units.
Jan 18, 2018 10:58 am ET
CWB Franchise Finance partners with Lone Star Texas Grill on development line facility
CWB Franchise Finance (CWB)(TSX:CWB), a division of CWB Financial Group, has provided a term loan and development line facility to Lone Star Group of Companies (Lone Star), a growing Canadian restaurant brand with locations across Ontario. The funds...
Dec 07, 2017 07:00 am ET
CWB declares dividends
EDMONTON, Alberta, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share (TSX:CWB), payable on January 4, 2018 to shareholders...
Dec 07, 2017 07:00 am ET
CWB reports very strong financial performance for the fourth quarter and fiscal 2017
Strong execution of CWB’s Balanced Growth strategy with ongoing, targeted diversificationFourth quarter adjusted cash earnings per common share of $0.74, up 25% from 2016Fiscal 2017 adjusted cash earnings per common share of $2.63, up 16% from 2016
Nov 23, 2017 08:00 am ET
Chief Financial Officer, Carolyn Graham, named one of Canada's Most Powerful Women
Editors Note: There is a photo associated with this press release.
Nov 23, 2017 07:58 am ET
Chief Financial Officer, Carolyn Graham, named one of Canada's Most Powerful Women
Editors Note: There is a photo associated with this press release.
CWB Financial Group (CWB) (TSX:CWB) is thrilled to congratulate Carolyn Graham, executive vice president and chief financial officer, on her recognition as a Canada's...
Oct 30, 2017 04:30 pm ET
CWB Financial Group to acquire equipment finance and leasing assets of ECN Commercial and Vendor Finance Canada
Canadian Western Bank (CWB) (TSX: CWB) today announced it has entered into a definitive asset purchase agreement to acquire for cash the Canadian Commercial and Vendor Finance assets of ECN Capital Corp. (ECN). The equipment finance and leasing assets to be acquired are fully aligned with CWB's balanced growth strategy, and the acquisition will support continued progress toward strategic objectives for industry and geographic diversification. The portfolio is primarily comprised of loans and leases concentrated within the transportation, construction and healthcare industries, with exposures
Oct 30, 2017 04:28 pm ET
CWB Financial Group to acquire equipment finance and leasing assets of ECN Commercial and Vendor Finance Canada
Canadian Western Bank (CWB) (TSX:CWB) today announced it has entered into a definitive asset purchase agreement to acquire for cash the Canadian Commercial and Vendor Finance assets of ECN Capital Corp. (ECN). The equipment finance and leasing...
Oct 06, 2017 06:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Preferred Share Index
Oct 02, 2017 07:00 am ET
CWB receives TSX approval for normal course issuer bid
Canadian Western Bank (TSX: CWB) ("CWB") announced today that a normal course issuer bid ("NCIB") authorized by its Board of Directors to purchase for cancellation during the next 12 months up to 1,767,000 common shares, representing approximately 2% of the issued and outstanding common shares, has been approved by the Toronto Stock Exchange ("TSX").
Aug 31, 2017 07:00 am ET
CWB declares dividends
Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share (TSX: CWB), payable on September 29, 2017 to shareholders of record on September 15, 2017. This quarterly dividend is up one cent, or 4%, from the dividends declared both one year ago and last quarter. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX: CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on October 31, 2017 to shareholders of record on
Aug 31, 2017 07:00 am ET
CWB reports very strong third quarter financial performance
"I'm very pleased with this quarter's operating performance for CWB Financial Group. Highlights of the continued execution of our balanced growth strategy include very strong 24% growth of common shareholders' net income from last year with positive operating leverage, positive loan growth and ongoing growth of stable, relationship-based branch-raised deposits. Credit quality remains entirely consistent with our expectations and the long-term track record of our secured lending business model," said Chris Fowler, President and CEO. "The Banker magazine recently ranked CWB as
Aug 31, 2017 06:58 am ET
CWB reports very strong third quarter financial performance
"I'm very pleased with this quarter's operating performance for CWB Financial Group. Highlights of the continued execution of our balanced growth strategy include very strong 24% growth of common shareholders' net income from last year with positive...
Aug 31, 2017 06:58 am ET
CWB declares dividends
Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per common share (TSX:CWB), payable on September 29, 2017 to shareholders of record on September 15, 2017. This quarterly...
Aug 16, 2017 07:00 am ET
Canadian Western Trust Company to exit Exempt Market Securities business line
Canadian Western Trust Company (CWT), a wholly owned subsidiary of Canadian Western Bank (TSX: CWB) and a member of CWB Financial Group, today announced it will no longer offer self-directed account services to holders of exempt market securities. CWT has entered into a definitive agreement (the "Agreement") to appoint Computershare Trust Company of Canada (Computershare) as successor trustee or custodian for clients who currently hold exempt market securities within a CWT self-directed account. Affected clients will receive notification of this change by mail. The Agreement is
Aug 16, 2017 07:00 am ET
Computershare to Acquire Exempt Market Securities Business of Canadian Western Trust
Computershare Trust Company of Canada ("Computershare"), a wholly owned subsidiary of Computershare Limited (ASX: CPU), announced today that it has signed an agreement to acquire the exempt market securities account administration and trustee...
Aug 16, 2017 06:58 am ET
Canadian Western Trust Company to exit Exempt Market Securities business line
Canadian Western Trust Company (CWT), a wholly owned subsidiary of Canadian Western Bank (TSX:CWB) and a member of CWB Financial Group, today announced it will no longer offer self-directed account services to holders of exempt market securities....
Jun 09, 2017 06:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Composite Index
Jun 01, 2017 07:00 am ET
CWB Declares 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, 2017 to shareholders of record on June 16, 2017. This quarterly dividend is consistent with the prior quarter and the dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX: CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on July 31, 2017 to shareholders of record on July 21, 2017.
Jun 01, 2017 07:00 am ET
CWB reports strong second quarter financial performance
"Strong second quarter results from CWB Financial Group demonstrate continued success in executing our balanced growth strategy. Highlights this quarter include very strong annual earnings growth, positive loan growth and strong growth of stable, relationship-based branch-raised deposits. We continue to support our solid operating performance with a very strong capital position, and credit quality remains stable with loan impairments and provisions for credit losses consistent with expectations," said Chris Fowler, President and CEO. "We recently celebrated the one year
Jun 01, 2017 06:58 am ET
CWB Declares 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, 2017 to shareholders of record on June 16, 2017. This quarterly dividend is...
Jun 01, 2017 06:58 am ET
CWB reports strong second quarter financial performance
"Strong second quarter results from CWB Financial Group demonstrate continued success in executing our balanced growth strategy. Highlights this quarter include very strong annual earnings growth, positive loan growth and strong growth of stable,...
Apr 18, 2017 03:31 pm ET
Motive Financial: Bringing thrifty back
Savers rejoice and say hello to Motive Financial, Canada's home for the smart and practical pennypinchers.
Motive is the new name for Canadian Direct Financial. And with the new name comes a renewed focus: Savers.
Motive commends...
Apr 18, 2017 03:31 pm ET
Motive Financial: Bringing thrifty back
Savers rejoice and say hello to Motive Financial, Canada's home for the smart and practical pennypinchers.
Apr 11, 2017 03:30 pm ET
CWB Financial Group and Payfirma partner to introduce the next generation of merchant services in Canada
Editors note - There is a graphic associated with this release.
Apr 11, 2017 03:28 pm ET
CWB Financial Group and Payfirma partner to introduce the next generation of merchant services in Canada
Editors note - There is a graphic associated with this release.
CWB Financial Group (CWB) and Payfirma today announced a new strategic partnership, the first of its kind in Canada, that will provide CWB with a white labeled version of...
Mar 03, 2017 04:05 pm ET
CWB announces election of directors
Canadian Western Bank (TSX: CWB) today announced that all nominees listed in the management proxy circular dated January 3, 2017 were elected as directors of CWB. Detailed results of the vote for the election of directors held yesterday in Edmonton at CWB's Annual General Meeting are set out below.
Mar 03, 2017 04:03 pm ET
CWB announces election of directors
Canadian Western Bank (TSX:CWB) today announced that all nominees listed in the management proxy circular dated January 3, 2017 were elected as directors of CWB. Detailed results of the vote for the election of directors held yesterday in Edmonton...
Mar 02, 2017 07:00 am ET
CWB declares 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 March 31, 2017 to shareholders of record on March 17, 2017. This quarterly dividend is consistent with the prior quarter and the dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX: CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on April 30, 2017 to shareholders of record on April 21, 2017.
Mar 02, 2017 07:00 am ET
CWB Reports Strong First Quarter Financial Performance Including Record Total Revenues
Canadian Western Bank (TSX: CWB) -
Mar 02, 2017 06:58 am ET
CWB declares 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 March 31, 2017 to shareholders of record on March 17, 2017. This quarterly dividend is...
Mar 02, 2017 06:58 am ET
CWB Reports Strong First Quarter Financial Performance Including Record Total Revenues
Canadian Western Bank (TSX:CWB) -
"CWB is off to a great start this year. Strong first quarter financial performance included 12% annual growth of pre-tax, pre-provision income and record total revenues. We also delivered positive...
Jan 23, 2017 05:06 pm ET
CWB to redeem $75 million of subordinated debentures
Canadian Western Bank ("CWB") (TSX: CWB) today announced its intention to redeem all $75 million of outstanding 5.571% subordinated debentures at par plus accrued interest to, but excluding, the redemption date. The redemption will occur on March 22, 2017, and will be financed out of CWB's general corporate funds.
Jan 23, 2017 05:06 pm ET
CWB to redeem $75 million of subordinated debentures
Canadian Western Bank ("CWB") (TSX:CWB) today announced its intention to redeem all $75 million of outstanding 5.571% subordinated debentures at par plus accrued interest to, but excluding, the redemption date. The redemption will occur on March 22,...
Dec 01, 2016 09:21 am ET
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...
Dec 01, 2016 09:21 am ET
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. The eighth and ninth sentences of the second paragraph within the Credit Quality section in the Overview of Continuing Operations should read as follows:
Dec 01, 2016 07:00 am ET
CWB Declares 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. This quarterly dividend is consistent with the prior quarter and the dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX: CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on January 31, 2017 to shareholders of record on January 20, 2017.
Dec 01, 2016 07:00 am ET
CWB reports financial performance for the fourth quarter and fiscal 2016
Canadian Western Bank (TSX: CWB) - "CWB took a number of important steps forward this year and we faced a number of significant challenges," said Chris Fowler, President and CEO. "Our successes included the implementation of our new core banking system and two key commercial lending acquisitions. Challenges included the negative impact of low oil prices and regulatory factors on our small portfolio of loans to oil and gas producers. We took a proactive approach to resolve positions within this portfolio, which resulted in higher-than-expected provisions for credit losses and
Dec 01, 2016 06:58 am ET
CWB Declares 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. This quarterly dividend is...
Dec 01, 2016 06:58 am ET
CWB reports financial performance for the fourth quarter and fiscal 2016
Canadian Western Bank (TSX:CWB) - "CWB took a number of important steps forward this year and we faced a number of significant challenges," said Chris Fowler, President and CEO. "Our successes included the implementation of our new core banking...
Nov 14, 2016 05:59 pm ET
CWB to redeem $105 million of Trust Capital Securities
Canadian Western Bank ("CWB") (TSX: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. The redemption will...
Nov 14, 2016 05:59 pm ET
CWB to redeem $105 million of Trust Capital Securities
Canadian Western Bank ("CWB") (TSX: 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. The redemption will occur on December 31, 2016, and will be financed out of CWB's general corporate funds.
Sep 09, 2016 06:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Composite Index
Sep 01, 2016 07:00 am ET
Canadian Western Bank Declares 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 September 29, 2016 to shareholders of record on September 15, 2016. This quarterly dividend is consistent with the prior quarter and up 5% from the dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX: CWB.PR.B), and a cash dividend of $0.390625 per CWB Series 7 Preferred Share (TSX: CWB.PR.C), payable on October 31, 2016 to shareholders of record on
Sep 01, 2016 07:00 am ET
CWB Reports Third Quarter Financial Performance
Canadian Western Bank (TSX: CWB) -
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