- CEO
- Laurent Ferreira
- Full Time Employees
- 29,508
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 10303 Jasper Avenue NW Edmonton AB Canada T5J 3X6
- IPO Date
- May 13, 2020
- Business
- Canadian Western Bank (CWB), a Schedule I chartered bank headquartered in Edmonton, Alberta, Canada, and founded in 1988 through the merger of Bank of Alberta and Western & Pacific Bank of Canada, provides full-service business and personal banking; nationwide specialized financing in target industries including commercial equipment leasing through National Leasing Group Inc., franchise finance, and equipment financing; comprehensive wealth management offerings via CWB Wealth Management Ltd. (formerly Adroit Investment Management Ltd.); trust services through Canadian Western Trust Company and Valiant Trust Company encompassing personal and corporate trusts, stock transfer, escrow, and employee plan services; residential mortgages via Optimum Mortgage, a division of Canadian Western Trust Company; high-interest savings accounts, guaranteed investment certificates, and tax-free savings accounts through its digital banking division Motive Financial; and mutual funds through Canadian Western Financial Ltd. The bank primarily serves businesses, their owners, and personal clients across Western Canada with expanding operations in British Columbia, Alberta, Ontario, and select eastern provinces via approximately 50 branches and digital channels. In early 2025, National Bank of Canada completed its $5 billion acquisition of CWB, integrating its $12.3 billion loan and deposit portfolio to achieve $200 million to $250 million in projected three-year revenue synergies, rebranding CWB operations under the National Bank brand while leveraging complementary regional footprints in Quebec and Western Canada; this transformative deal, supported by a $500 million investment from Caisse de dépôt et placement du Québec (CDPQ), marks CWB's shift from independent operations to a key component of National Bank's national expansion strategy.