Pinnacle Correspondent Services, a division of Canaccord Genuity Corp., has signed an agreement to distribute the GICs of Pacific & Western Bank of Canada, Pacific & Western Credit Corp. (TSX:PWC) said Tuesday.

Canaccord Genuity Corp. is a subsidiary of Canaccord Financial Inc., an independent financial services firm, with 34 offices worldwide, including 24 wealth management offices located across Canada. Canaccord Genuity, the international capital markets division, operates in the U.S., U.K., Canada and Barbados.

“We are pleased to add Pinnacle Correspondent Services to our growing network of deposit agents and have the opportunity to offer our GICs to Pinnacle’s customers in Canada. This relationship furthers our corporate strategy to diversify and expand our deposit base,” says David Taylor, President and CEO, PWC.

Pacific & Western Bank of Canada is a branchless financial institution. It specializes in providing financing throughout Canada to well established corporations and government entities, including hospitals, school boards, universities and colleges, municipalities, provinces and territories, and federal government agencies.

IE