Canadian Western Bank ( CWB ; French : Banque canadienne de l'Ouest ), also operating as CWB Financial Group , is a Canadian bank based in Edmonton , Alberta . The bank serves clients both in Western Canada and in other provinces. It was announced on June 11, 2024 that it would be acquired by National Bank of Canada in 2025.
9-617: (Redirected from Western Bank ) Western bank may refer to: Canadian Western Bank (CWB), a bank in Edmonton, Alberta, Canada Bankwest , a bank in Perth, Australia Westernbank , a bank in Mayagüez, Puerto Rico See also [ edit ] All pages with titles containing Western bank Great Western Bank (disambiguation) West Bank (disambiguation) Topics referred to by
18-503: A local one, the rival Plus ATM network owned by Visa , or both. In countries such as India and Bangladesh, the Cirrus network also serves as a local interbank network as well as an international one. The first logo, advertised from 1982 until 1992, was then changed to match those representing the other subsidiaries of Mastercard, which acquired Cirrus in 1987. The only exception is the colour pattern change. This can also be noticed through
27-705: A regional office in Downtown Toronto . 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. In 1994, Canadian Western Bank and North West Trust Company merged into Canadian Western Bank. In 1996, it acquired BC Bancorp (chartered in 1967), and purchased
36-605: Is a member of the Canada Deposit Insurance Corporation (CDIC). It also belongs to the Cirrus , Interac , Mastercard , and The Exchange interbank networks. Cirrus (interbank network) Cirrus is a worldwide interbank network that provides cash to Mastercard cardholders. As a subsidiary of Mastercard, it connects all Mastercard's credit , debit , and prepaid cards , as well as ATM cards issued by various banks worldwide bearing
45-577: Is an online bank . Motive serves customers in all provinces except Quebec. Accounts can be opened online. Deposits and withdrawals can be made using one of The Exchange ATM network’s 2400 ATMs. Debit-card purchases can be made using the Interac network. Transfers to and from other banks may be done by electronic funds transfer (EFT), by Interac e-Transfer , or by writing cheques. Because motive offers no in-branch services, it offers higher interest rates than conventional banks. Canadian Western Bank
54-468: Is different from Wikidata All article disambiguation pages All disambiguation pages Canadian Western Bank The CWB Financial Group is made up of 10 banking, lending, wealth and trust companies. Its loan book is almost equally represented across BC, Alberta and Ontario. As part of its expansion plans, CWB has opened a branch in Mississauga, Ontario, just west of Toronto and
63-629: The Aetna Trust Company, which was renamed Canadian Western Trust Company. In 2001, it acquired the Kelowna and Regina branches of the Laurentian Bank of Canada . Canadian Western Bank's operating affiliates include: Motive Financial is the virtual banking division of Canadian Western Bank. As such, eligible deposits are held at Canadian Western Bank, a member of Canada Deposit Insurance Corporation (CDIC). Motive Financial
72-633: The Mastercard/ Maestro logo. Founded in 1982, prior to its acquisition by Mastercard in 1987, Cirrus System, LLC was owned by Bank of Montreal , BayBanks Inc. , First Interstate Bancorp , Mellon Bank , NBD Bancorp Inc. , and Norwest Corp. By default, Mastercard and Maestro cards are linked to the Cirrus network, but very often all three logotypes will be shown. Canadian, American and Saudi Arabian ATMs use this network alongside their local networks, and many banks have adopted Cirrus as their international interbank network alongside either
81-421: The same term [REDACTED] This disambiguation page lists articles associated with the title Western bank . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Western_bank&oldid=1121283153 " Category : Disambiguation pages Hidden categories: Short description
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