Pacific & Western Bank of Canada

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Pacific & Western Bank of Canada
Type Public
Traded as TSXPWC
Industry Bank
Founded 1980
Headquarters London, Ontario, Canada
Key people David Taylor, CEO
Products Financial services
Revenue $19.7 million CAD (2010) [1]
Net income Increase $467,000 CAD (2010)
Total assets $1.4 billion CAD (2010)
Website www.pwbank.com

The Pacific & Western Bank of Canada (PWBank) is a bank that was founded in Saskatoon, Saskatchewan in 1980, and now maintains its headquarters in London, Ontario. The bank is publicly traded as PWB on the Toronto Stock Exchange.

Deposit operations are based in Saskatoon, with lending operations based in offices in London, Saskatoon, Toronto, Calgary and Vancouver.[2] The bank provides deposits through a nationwide financial advisor network and provides loans to established corporations, real estate development, and public sector entities. The bank operates as a branchless financial institution.

in 2009 the Canada Mortgage and Housing Corporation authorized to issue National Housing Act Mortgage Backed Securities.[3] Since 2008 the bank has been purchasing mortgages.[4]

See also[edit]

References[edit]

  1. ^ http://www.pwbank.com/investor/news/?y=2010&n=1506292
  2. ^ Company Profile
  3. ^ Pacific & Western Bank approved to issue NHA Mortgage Backed Securities Investment Executive
  4. ^ Globe and Mail article

External links[edit]