What is the history of CWB?
Canadian Western Bank originated in 1984 as the Bank of Alberta with approximately $50 million in total assets. The price per share for the initial public offering was $2.50 (adjusted for stock dividends paid in both 2005 and 2007). In 1988, the Bank of Alberta merged with Western & Pacific Bank and the name was changed to Canadian Western Bank. Numerous strategic acquisitions have been completed throughout the Banks history with some of the more prominent being Northwest Trust Company (1995), Aetna Trust (1996), Canadian Direct Insurance Inc. and Valiant Trust Company (both acquired in 2004), Adroit Investment Management Ltd. (2008) and National Leasing Group Inc.
