March 17, 2017
CWB online banking division to rebrand to Motive Financial
Canadian Western Bank’s (CWB) online banking division, Canadian Direct Financial (CDF), will become Motive Financial on April 18.
March 13, 2017
2016 Public Accountability Statement now available
CWB Financial Group’s 2016 Public Accountability Statement provides a detailed account of some of Canadian Western Bank’s (CWB) activities related to community investment, small business financing, number of employees and taxes paid in its most recent fiscal year (November 1, 2015 to October 31, 2016).
March 09, 2017
CWB announces participation in Business Growth Fund
Canadian Western Bank (TSX: CWB) today announced participation in the development of the Canadian Business Growth Fund.
March 03, 2017
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.
March 02, 2017
CWB reports strong first quarter financial performance
Canadian Western Bank (TSX: CWB) (CWB) today announced strong core operating performance for the first quarter, including a 12% increase in pre-tax, pre-provision income compared to the same quarter last year. Strong 11% year-over-year growth of total revenues was comprised of a 9% increase in net interest income (teb) and higher non-interest income. Common shareholders’ net income of $49.5 million was down 5% from last year.
March 02, 2017
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 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.
January 23, 2017
CWB to redeem $75 million of subordinated debentures
Canadian Western Bank (“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.