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Computershare to Acquire Exempt Market Securities Business of Canadian Western Trust

2017-08-16 marketwired
TORONTO, ON--(Marketwired - August 16, 2017) - Computershare Trust Company of Canada ("Computershare"), a wholly owned subsidiary of Computershare Limited (ASX: CPU), announced today that it has signed an agreement to acquire the exempt market securities account administration and trustee business of Canadian Western Trust Company ("CWT"), a wholly owned subsidiary of Canadian Western Bank (TSX: CWB) and a member of CWB Financial Group, and on closing will assume the role of successor trustee or custodian for CWT's portfolio of exempt market securities client accounts.

Canadian Western Trust Company to exit Exempt Market Securities business line

2017-08-16 marketwired
EDMONTON, ALBERTA--(Marketwired - Aug. 16, 2017) - Canadian Western Trust Company (CWT), a wholly owned subsidiary of Canadian Western Bank (TSX:CWB) and a member of CWB Financial Group, today announced it will no longer offer self-directed account services to holders of exempt market securities. CWT has entered into a definitive agreement (the "Agreement") to appoint Computershare Trust Company of Canada (Computershare) as successor trustee or custodian for clients who currently hold exempt market securities within a CWT self-directed account.

Daily Coverage on Financials Stocks, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank Of Commerce, and Canadian Western Bank

2017-07-19 accesswire
LONDON, UK / ACCESSWIRE / July 19, 2017 / Pro-Trader Daily has lined up these stocks for our daily research reports coverage. Before the markets open, Pro-TD makes a brief technical snapshot of select stocks with the Banking industry and that trades on the Toronto Exchanges. This Morning, our team has regrouped these stocks for study: Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Canadian Western Bank.

Report Coverage on Financials Stocks: Bank of Montreal, National Bank of Canada, Canadian Imperial Bank Of Commerce, and Canadian Western Bank

2017-06-15 accesswire
LONDON, UK / ACCESSWIRE / June 15, 2017 / Pro-Trader Daily has lined up these stocks for our daily research reports coverage. Before the markets open, Pro-TD makes a brief technical snapshot of select stocks with the Banking industry and that trades on the Toronto Exchanges. This Morning, our team have regrouped these stocks for study: Bank of Montreal, National Bank of Canada, Canadian Imperial Bank Of Commerce, and Canadian Western Bank.

CWB reports strong second quarter financial performance

2017-06-02 marketwired
EDMONTON, ALBERTA--(Marketwired - June 1, 2017) - "Strong second quarter results from CWB Financial Group demonstrate continued success in executing our balanced growth strategy. Highlights this quarter include very strong annual earnings growth, positive loan growth and strong growth of stable, relationship-based branch-raised deposits. We continue to support our solid operating performance with a very strong capital position, and credit quality remains stable with loan impairments and provisions for credit losses consistent with expectations," said Chris Fowler, President and CEO.

CWB Declares Dividends

2017-06-02 marketwired
EDMONTON, ALBERTA--(Marketwired - June 1, 2017) - 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 June 30, 2017 to shareholders of record on June 16, 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.

Research Reports Initiated on Financials Stocks: Bank of Montreal, National Bank of Canada, Canadian Imperial Bank Of Commerce, and Canadian Western Bank

2017-05-10 accesswire
LONDON, UK / ACCESSWIRE / May 10, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Banking industry. Companies recently under review include Bank of Montreal, National Bank of Canada, Canadian Imperial Bank Of Commerce, and Canadian Western Bank.

Research Reports Initiated on Financials Stocks Bank of Montreal, Street Capital Group, Canadian Western Bank, and Canadian Imperial Bank Of Commerce

2017-03-31 accesswire
LONDON, UK / ACCESSWIRE / March 31, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Banking industry. Companies recently under review include Bank of Montreal, Street Capital Group, Canadian Western Bank, and Canadian Imperial Bank Of Commerce.

CWB announces election of directors

2017-03-03 marketwired
EDMONTON, ALBERTA--(Marketwired - March 3, 2017) - 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. Detailed results of the vote for the election of directors held yesterday in Edmonton at CWB's Annual General Meeting are set out below.

CWB Reports Strong First Quarter Financial Performance Including Record Total Revenues

2017-03-02 marketwired
"CWB is off to a great start this year. Strong first quarter financial performance included 12% annual growth of pre-tax, pre-provision income and record total revenues. We also delivered positive operating leverage and strong credit quality reflected in stable loan impairments and a provision for credit losses consistent with our expectations," said Chris Fowler, President and CEO. "I am pleased to report that our first quarter net interest margin was stable compared to the same quarter last year, and significantly higher than last quarter.

CWB declares dividends

2017-03-02 marketwired
EDMONTON, ALBERTA--(Marketwired - March 2, 2017) - 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.

Research Reports Initiated on Financials Stocks Royal Bank of Canada, The Bank of Nova Scotia, Canadian Western Bank, and National Bank of Canada

2017-02-23 accesswire
LONDON, UK / ACCESSWIRE / February 23, 2017 / Active Wall St. announces the list of stocks for today's research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Banks industry. Companies recently under review include Royal Bank of Canada, The Bank of Nova Scotia, Canadian Western Bank, and National Bank of Canada.

CORRECTION: CWB reports financial performance for the fourth quarter and fiscal 2016

2016-12-01 marketwired
EDMONTON, ALBERTA--(Marketwired - Dec. 1, 2016) - In the news release, "CWB reports financial performance for the fourth quarter and fiscal 2016," issued earlier today by Canadian Western Bank (TSX:CWB), balances of loans classified as past due but not impaired were overstated within the Credit Quality section of the release. The eighth and ninth sentences of the second paragraph within the Credit Quality section in the Overview of Continuing Operations should read as follows:

CWB reports financial performance for the fourth quarter and fiscal 2016

2016-12-01 marketwired
Annual earnings growth constrained by the credit performance of oil and gas loans and continued net interest margin pressure

CWB Declares Dividends

2016-12-01 marketwired
EDMONTON, ALBERTA--(Marketwired - Dec. 1, 2016) - 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 January 5, 2017 to shareholders of record on December 15, 2016. 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.

CWB to redeem $105 million of Trust Capital Securities

2016-11-15 marketwired
EDMONTON, ALBERTA--(Marketwired - Nov. 14, 2016) - Canadian Western Bank ("CWB") (TSX:CWB) today announced its intention to redeem through CWB Capital Trust all $105 million of outstanding 6.199% Trust Capital Securities - Series 1 (the "WesTS") at par plus accrued interest. The redemption will occur on December 31, 2016, and will be financed out of CWB's general corporate funds.

Canadian Western Is A Great Bank At A Depressed Valuation

2016-09-18 seekingalpha
Current crash in oil prices and CWB presence in the Alberta and Saskatchewan as well as a potential Canadian housing bubble has caused fear and panic to set in.

Dividend Reinvestment Can Be As Simple Or As Complex As You Make It

2016-09-17 seekingalpha
When deciding whether to reinvest dividends in a business, I determine whether they're undervalued, profitable, and have sustainable, preferably growing dividends.

CWB Announces Closing of Common Share Offering

2016-07-07 marketwired
Canadian Western Bank (TSX:CWB) today announced that it has closed its public offering of common shares. CWB issued 6,125,000 common shares (the "Shares") at a price of $24.50 per Share to raise gross proceeds of approximately $150 million. The offering was underwritten on a bought deal basis by a syndicate led by BMO Capital Markets and National Bank Financial Inc. Net proceeds from the offering will be added to CWB's capital base and used for general corporate purposes.

CWB Completes Acquisition of Canadian Franchise Financing Assets of GE Capital

2016-07-01 marketwired
EDMONTON, ALBERTA--(Marketwired - July 1, 2016) - Canadian Western Bank (CWB) (TSX:CWB) today completed its previously announced acquisition of the loan portfolio and related business assets of GE Capital's Canadian franchise financing business, now known as CWB Franchise Finance.

Canadian Western Bank Expands in Lloydminster

2016-06-20 marketwired
EDMONTON, ALBERTA--(Marketwired - June 20, 2016) - Canadian Western Bank (CWB) (TSX:CWB) is pleased to announce the opening of its new branch in Lloydminster, Saskatchewan. The branch, located at 2909 50 Avenue, has a team of 11 employees to help clients meet their business and personal banking needs. Previously, CWB's presence in the city was limited to equipment financing offerings.

CWB Announces Increase to Previously Announced Bought Deal Offering to a $150 Million Offering of Common Shares

2016-06-17 marketwired
Canadian Western Bank (TSX:CWB) ("CWB") announced today that, due to strong demand, CWB has increased the size of its previously announced public offering to $150 million. CWB has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and National Bank Financial Inc., (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 6,125,000 common shares (the "Shares") from CWB at a price of $24.

CWB Announces $125 Million Bought Deal Offering of Common Shares

2016-06-16 marketwired
Canadian Western Bank (TSX:CWB) ("CWB") announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and National Bank Financial Inc., (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 5,105,000 common shares (the "Shares") from CWB at a price of $24.50 per Share, for gross proceeds of approximately $125 million (the "Offering").

Canadian Western Bank Declares Dividends

2016-06-02 marketwired
EDMONTON, ALBERTA--(Marketwired - June 2, 2016) - 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 June 30, 2016 to shareholders of record on June 20, 2016. This quarterly dividend is consistent with the prior quarter and up 5% from the dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.

Canadian Western Bank Q2 profit plunges 37% due to shaky loans to oil-gas sector

2016-06-02 winnipegfreepress
EDMONTON - Canadian Western Bank says its second-quarter profit was down 37 per cent from the same time last year, mostly due to previously announced increases to its provisions for bad loans to the energy sector.