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Canadian Western Bank was formed through the 1988 merger of two banks: the Bank of Alberta (founded 1984), and the Western & Pacific Bank of Canada (founded 1982). It was led by Bank of Alberta co-founders Charles Alexander Allard and Eugene Pechet. In 1993, it acquired Western Canadian branches of Metropolitan Trust.
On June 11, 2024, National Bank announced plans to acquire Canadian Western Bank by the end of 2025 for $5 billion. [13] Canadian Western shareholders voted to approve the merger on September 3, 2024. [14]
The strength of the Canadian dollar and the relative weakness of U.S. bank prices have led commentators to suggest that the big five banks could consider an expansion into the United States. Because of the recent recession, Royal Bank of Canada has now eclipsed Morgan Stanley in terms of market valuation. According to figures compiled by a ...
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Canadian Western Bank’s (TSE:CWB) profitability and risk are largely affected by the underlying economic growth for the region it operates in CA given it is a small-cap stock with a market ...
Important news for shareholders and potential investors in Canadian Western Bank (TSX:CWB): The dividend payment of CA$0.25 per share will be distributed into shareholder on 30 March 2018, and ...
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
The banking sector has been experiencing growth as a result of improving credit quality from post-GFC recovery. As a small-cap bank with a market capitalisation of CA$3.40b, Canadian Western Bank ...