Canadian Western Bank

Canadian Western Bank
Canadian Western Bank headquarters  

Canadian Western Bank

Canadian Western Bank (TSX: CWB) is a Schedule I chartered bank regionally focused on Western Canada. It operates as a subsidiary of CWB Financial Group. With about 2,100 FTE employees, the company provides a diversified range of business and personal banking services through over 40 branches including 17 branches in Alberta, 18 branches in British Columbia, four branches in Saskatchewan and two in Manitoba. The company offers current and savings accounts, credit cards, RRSP loans, consolidation loans, car loans, recreational vehicle loans, lines of credit, fixed rate and variable rate mortgages as well as commercial lending, real estate construction financing, energy lending, equipment financing & leasing, cash management, trust services, guaranteed investment certificates (GIC), mutual funds, online banking and more. It also offers life and disability insurance through Canada Life Assurance Company. In 2013, CWB acquired majority ownership of McLean & Partners Wealth Management. In 2015, CWB sold assets of Valiant Trust Company to Computershare Ltd, a transfer agency based in Toronto. It also sold its property and casualty insurance subsidiary Canadian Direct Insurance to Intact Financial Corporation.

As at October 31, 2017, CWB Financial Group had total assets of C$26.447 billion, total deposits of C$21.903 billion, loans of C$23.229 billion and assets under administration of C$10.4 billion.

Credit Ratings (DBRS)

Senior Debt/Deposits A (low)
Short-term R1 (low)
Subordinated Debt BBB (high)

Head office address:
Suite 3000, 10303 Jasper Avenue
Canadian Western Bank Place
Edmonton, Alberta T5J 3X6
Phone number: (780) 423-8888
Fax: (780) 423-8897

CWB Group subsidiaries:

National Leasing Group Inc
1525 Buffalo Place
Winnipeg, Manitoba

McLean & Partners Wealth Management Ltd
801 10th Avenue SW
Calgary, Alberta

Adroit Investment Management
10303 Jasper Avenue NW
Edmonton, AB T5J 3N6, Canada

Last Updated: January 17, 2018