Proceeds tagged to increase bank’s regulatory capital
Canada Mortgage and Housing Corp. has granted Pacific & Western Bank of Canada approved issuer status entitling it issue NHA Mortgage Backed Securities, the bank said Tuesday.
This move brings the bank’s total insured mortgages to $169 million
Pacific & Western Credit Corp. swung to a loss in the third quarter as it took a $3.7 million charge on one of its preferred share positions. The London, Ont.-based financial services company said the net loss for the quarter ended July 31 was $4.2 million, or 31¢ a share, compared to a profit of […]
Pacific & Western Credit Corp. today announced that National Bank Financial has commenced distributing the GICs of PWC’s wholly owned subsidiary, Pacific & Western Bank of Canada.“This relationship furthers our corporate strategy to diversify and expand our deposit base,” says David Taylor, president and CEO.Pacific & Western Bank is a branchless financial institution with approximately […]
Internet-based account now available to Canadian hospitals
Former NWT premier brings extensive experience and broad knowledge of northern affairs
Bank will be in closer proximity to Western-based financial institutions and intermediaries
Relationship furthers Pacific & Western’s strategy to diversity and expand deposit base
Bank also welcomes new vp