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Canadian Western Bank 
Financial services / Banking and Financial Services
Press Releases
| Date | Press release |
|---|---|
| 2024-06-11 16:31:00 | National Bank To Accelerate Domestic Growth With The Acquisition Of Canadian Western Bank Not for distribution to u.s. news wire services or for dissemination in the united states aligned with national bank’s strategic plan to accelerate growth across all its business lines in canada provides customers an expanded product and service offering nationally, extensive banking centre network and common customer experience culture maintains branch footprint and edmonton-based executive and operational presence combination creates stronger competitor, and provides more choice for canadians concurrent subscription receipt offering of $1 billion montreal and edmonton, alberta, june 11, 2024 (globe newswire) -- national bank of canada (“national bank”) (tsx: na) and canadian western bank (“cwb”) (tsx: cwb) today announced they have entered into a definitive agreement (the “agreement”) for national bank to acquire cwb, a diversified financial services institution based in edmonton, alberta. the transaction brings together two complementary banks with growing businesses, enabling the united bank to enhance services to customers by offering a comprehensive product and service platform at national scale, with a regionally focused service model. |
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