Canadian Western Bank
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Canadian Western Bank: History
The Canadian Western Bank is an Edmonton-based banking institution that serves both individual and commercial customers. It operates primarily in western Canada and has 30 branches across the country. The bank has also been listed among the 50 Best Employers in Canada, 2009. The bank’s portfolio includes deposit and investment accounts, mutual funds, insurance, personal loans, mortgages and small business lending.[br]
Canadian Western Bank: History
In 1988, the Canadian Western Bank was formed with the merger of Bank of Alberta and the Western & Pacific Bank of Canada.The bank firmed its roots by acquiring Metropolitan Trust’s Western Canadian branches in 1993. In 1994, the bank merged with North West Trust Company; and in 1996, the Canadian Western Bank acquired BC Bancorp and bought the Aetna Trust Company. These mergers enabled the bank to offer an exhaustive range of financial and banking services.
Canadian Western Bank: Business Banking
Some attractive business banking offers of the Canadian Western Bank are:
Lending: Customers seeking commercial lending, commercial real estate and construction financing, equipment financing and leasing and energy lending can leverage on the bank’s expertise in these areas.
Business Accounts: Businesses can choose from a comprehensive list of accounts catering to various financial needs. Most business accounts, including Business Current Account and BIG Account, feature line of credit (on approval). For enhanced convenience, the bank has dedicated business banking specialists. The bank also boasts attractive interest rates and Internet banking options.[br]
Business Services: The bank’s full-range business services are aimed at convenient and quick business financial operations. For instance, the credit card and debit card payment acceptance option allows businesses to get rid of multiple accounts maintenance. The Customer Automated Funds Transfer Service (CAFT) allows businesses to make direct payments to employee accounts.
Investment Products: Interesting investment products include fixed and floating rate Guaranteed Investment Certificates (GICs). Customers can choose from short-term and long-term GICs and High Rise GIC®. With a minimum amount of $5,000, customers can invest in US Dollar Fixed Term Deposit and enjoy competitive interest rates.
Mutual Funds: The bank offers mutual funds from over 30 different companies. These include user-defined fee structures, professional portfolio management and risk management through diversification.
