Canadian Western Bank (CWB)

Canadian Western Bank, CWB, headquarters address, Edmonton, Alberta
CWB head office

Canadian Western Bank (CWB), based in Edmonton, Alberta, is a Schedule I chartered bank. With approximately 2,300 employees and 50 branches in Western Canada, it provides specialty banking products for small- and medium-sized companies including commercial loans, construction and real estate project financing, equipment financing, leasing, and commercial real estate financing. It also offers chequing and savings accounts, fixed and variable rate mortgages, personal and car loans, insurance and investment products, debit and credit cards, mobile and online banking, foreign exchange, wire transfers and other services. It is a member of the Canadian Bankers Association, Interac (Canadian interbank network), Mastercard International, Cirrus Network and The Exchange Network. Canadian Western Bank and its subsidiaries are known as CWB Financial Group. In January 2020, the company’s total assets and total deposits amounted to C$31.6 billion and C$25.6 billion, respectively. Business loans and personal loans were C$23 billion and C$5.8 billion. CWB shares are traded on the Toronto Stock Exchange (TSX), with a market capitalization of US$1.6 billion as of June 15, 2020.

Canadian Western Bank Mortgage Rates

The following rates are available at branches only.
Residential mortgages
Term Rates Special offer
6 m open 6.89% n/a
6 m convertible 3.94% n/a
1 yr open 6.29% n/a
1 yr closed 3.19% 2.49%
2 yr closed 3.24% 2.49%
3 yr closed 3.74% 2.49%
4 yr closed 4.09% 2.49%
5 yr closed 4.44% 2.39%
5 yr variable 2.30% n/a

Mortgages rates are subject to change without notice.

Canadian Western Bank Credit Ratings

  Long-term Short-term Subordinated debentures
DBRS Morningstar A (low) R-1 (low) BBB (low)
Outlook Negative Stable Negative

CWB Financial Group Business Lines:
Canadian Western Bank
CWB Equipment Financing
CWB National Leasing Inc
CWB Optimum Mortgage
CWB Maxium Financial
CWB Franchise Finance
Motive Financial
CWB Trust Services
CWB Wealth Management Ltd
CWB McLean & Partners Wealth Management
Canadian Western Financial
CWB Insurance Solutions Ltd
Canadian Western Trust Company
Canadian Western Bank Leasing Inc
Valiant Trust Company

Canadian Western Bank Stock Exchange Listings
The Toronto Stock Exchange (TSX)
Common Shares: CWB
Series 5 Preferred Shares: CWB.PR.B
Series 7 Preferred Shares: CWB.PR.C

Headquarters address:
Canadian Western Bank Place
Suite 3000, 10303 Jasper Avenue
Edmonton, Alberta T5J 3X6
Telephone: (780) 423 8888

Canadian Western Bank (CWB) dividends in February 2020

The Board of Directors declared the following dividends:
Canadian Western Bank has declared a quarterly cash dividend of $0.29 per common share, payable on March 26, 2020 to shareholders of record on March 12, 2020.