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    CWB   CA13677F1018

CANADIAN WESTERN BANK

(CWB)
  Report
Delayed Toronto Stock Exchange  -  04:15 2022-09-27 pm EDT
22.58 CAD   +1.26%
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Canadian Western Bank : CWB expands national footprint to Markham

07/29/2022 | 11:03am EDT

Second Ontario banking centre follows strong market response in Mississauga

Canadian Western Bank's (CWB) newest banking centre is now open in Markham, Ontario. CWB's expanded presence in the province comes after opening its first location in Mississauga in 2020, where the significant market response continues to prove business owners in the Greater Toronto Area want premium service, advice and partnership from a financial services partner. The Markham Banking Centre, furnished with state-of-the-art design to enhance an unrivalled experience for both clients and employees, represents a greater ability for CWB to meet the needs of business owners across Canada while continuing the growth and execution of its diversification strategy.

"Small- and medium-sized business owners tell us that the experience at CWB feels like a partnership they can't get anywhere else in Ontario," says John Butler, AVP and Market Lead, Markham. "We take a personal approach to building relationships by putting our clients first, going to where and when they need us, making them feel valued by taking the time to promptly answer questions, and providing strategic advice to help them manage their finances. In a Canadian economy that continues to be characterized by uncertainty, Ontario business owners are looking to CWB for a high-touch, premium service level that is vital to their success."

"Opening the Markham Banking Centre expands our presence in Ontario, where our position as the only bank in Canada uniquely focused on the needs of business owner is resonating with the GTA," says Mark Stafford, VP, Ontario. "It's clear that business owners are looking for a specialized, responsive and trusted financial services partner that unites their business banking, personal banking and wealth management needs. This investment in Markham continues our growth momentum as we look forward to opening the doors to our first banking centre in Toronto's financial district next year."

CWB selected Markham for its diverse range of businesses, including leading food and beverage, manufacturing and transportation companies. Located at Unit 100A 7303 Warden Ave, the banking centre offers specialty business banking services for small- and medium-sized companies, as well as full-service personal banking options. It is equipped with safe deposit boxes, night depository, wheelchair accessibility, complimentary Wi-Fi and a 24-hour ATM offering surcharge-free service to partners of THE EXCHANGE® Network. The banking centre is currently open Monday to Friday from 9:00 a.m. to 4:00 p.m.

Disclaimer

Canadian Western Bank published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 15:02:07 UTC.


© Publicnow 2022
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Analyst Recommendations on CANADIAN WESTERN BANK
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Financials
Sales 2022 1 079 M 785 M 785 M
Net income 2022 321 M 233 M 233 M
Net Debt 2022 - - -
P/E ratio 2022 6,48x
Yield 2022 5,43%
Capitalization 2 100 M 1 527 M 1 527 M
Capi. / Sales 2022 1,95x
Capi. / Sales 2023 1,76x
Nbr of Employees 2 674
Free-Float 97,5%
Chart CANADIAN WESTERN BANK
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Technical analysis trends CANADIAN WESTERN BANK
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 22,58 CAD
Average target price 33,23 CAD
Spread / Average Target 47,2%
EPS Revisions
Managers and Directors
Christopher H. Fowler President, Chief Operating Officer & Director
R. Matthew Rudd Chief Financial Officer & Executive Vice President
Sarah A. Morgan-Silvester Chairman
Azfar Karimuddin Chief Information Officer
Robert A. Manning Independent Director
Sector and Competitors