The Canadian Western Bank is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commerical clients in Western Canada.
It was formed by the amalgamation in 1988 of the Western & Pacific Bank of Canada (chartered in 1982) and the Bank of Alberta (chartered in 1983).
In 1993, it acquired Western Canadian Branches of Metropolitan Trust. In 1994, Canadian Western Bank and North West Trust Company amalgamated as Canadian Western Bank. In 1996, it acquired BC Bancorp (chartered in 1967), and purchased the Aetna Trust Company, which was renamed Canadian Western Trust Company. In 2001, it acquired the Kelowna and Regina branches of the Laurentian Bank of Canada.
Mergers
Other financial services acquired by CWB:
Bank of Alberta (chartered 1983)
Western Canadian Branches of Metropolitan Trust 1983
Acquired BC Bancorp (chartered 1967) 1996
Aetna Trust Company 1996 - renamed Canadian Western Trust Company 1996
Canadian Western Capital Ltd (formerly Majendie Charlton Securities Ltd.) 1997 - sold to Goepel McDermid Inc 2000
Kelowna and Regina branches of Laurentian Bank 2001
The CanadianWesternBank (TSX: CWB) is a bank that is based in Edmonton, and which operates primarily in western Canada.
It was formed by the amalgamation in 1988 of the Western and Pacific Bank of Canada (chartered in 1982) and the Bank of Alberta (chartered in 1983).
CWB is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks.
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