About Canadian Western Bank
Canadian Western Bank (CWB) provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; agriculture lending products; mortgages; lines of credits; registered retirement savings loans; consolidation, and vehicle loans; and credit cards. In addition, the company offers cash management services; life and disability insurance products; and ATM, mobile, and online banking services, as well cheque order services. Further, it provides investment products comprising guaranteed investment certificates, US dollars investments plans, registered retirement income funds, tax-free savings accounts, registered education savings plans, and mutual funds, as well as personal and business planning services. The company's operating subsidiaries include CWB National Leasing Inc. (CWB National Leasing), CWB Maxium Financial Inc. (CWB Maxium), Canadian Western Trust Company (CWT), and CWB Wealth, including CWB Wealth Partners Ltd. (CWB WP) and Canadian Western Financial Ltd. (CWF). The company continues to transform its capabilities to offer a superior full-service client experience through a complete range of inperson and evolving digital channels. The company provides its nation-wide clients with full-service business and personal banking, specialized financing, comprehensive wealth management offerings, and trust services. Trust services are offered through CWB Trust Services, a division of CWT. Comprehensive wealth management offerings are provided through the company's CWB Wealth division, including the businesses of CWB Wealth, CWB WP, and CWF. Supervision and Regulation CWB, CWT and Valiant Trust Company (Valiant) are each federally regulated financial institutions. CWB is governed by the Bank Act, and CWT and Valiant are governed by the Trust and Loan Companies Act (Canada). The Office of the Superintendent of Financial Institutions(OSFI) is responsible to the Minister of Finance (the Minister) for the supervision of federally regulated financial institutions, including CWB, CWT and Valiant. OSFI is required to examine the affairs and business of each institution for the purpose of determining whether statutory requirements are duly observed, and the institution is in sound financial condition. OSFI performs an annual examination and submits its report to the Minister thereafter. In addition to their governing legislation, CWB, CWT and Valiant are subject to regulation under the Financial Consumer Agency of Canada Act. The Financial Consumer Agency of Canada enforces consumer-related provisions of the federal statutes that govern financial institutions. CWB's trust subsidiaries' activities are also regulated under provincial laws where they conduct activities in those provinces. CWB Wealth, CWB WP, and CWF are regulated by the provincial securities commissions in the provinces in which they operate. CWB WP is also regulated by the Investment Industry Regulatory Organization of Canada (IIROC), the self-regulatory organization for investment dealers. CWF is also regulated by the Mutual Fund Dealers Association of Canada (MFDA), the self-regulatory organization for mutual fund dealers. CWB, CWT and Valiant are member institutions of the Canada Deposit Insurance Corporation, which insures certain deposits held at the member institutions. CWF is a member of the MFDA Investor Protection Corporation, which provides certain protections to MFDA member customers if the MFDA member becomes insolvent or bankrupt. CWB WP is a member of the Canadian Investor Protection Fund, which provides certain protections to investors if their investment dealer becomes insolvent or bankrupt. History Canadian Western Bank was founded in 1984.