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Canadian Western Bank
Canadian Western Bank (CWB; French: Banque canadienne de l'Ouest), doing business as the CWB Financial Group, was a Canadian bank based in Edmonton, Alberta. The bank primarily operated in western Canada, although it also operated several branches in eastern Canada.
The CWB was established in 1988 through the merger of the Bank of Alberta and the Western & Pacific Bank of Canada. In 2025, CWB was acquired by the National Bank of Canada, and its operations were rebranded under the National Bank brand.
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 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.
It was announced on June 11, 2024, that it would be acquired by National Bank of Canada in 2025. The acquisition was completed in March 2025, with CWB rebranding under the National Bank brand.
The CWB Financial Group was made up of 10 banking, lending, wealth and trust companies. It had an expanding loan book in BC, Alberta and Ontario.
Canadian Western Bank's operating affiliates included:
Motive Financial was the virtual banking division of Canadian Western Bank. As such, eligible deposits were held at Canadian Western Bank, a member of Canada Deposit Insurance Corporation (CDIC). Motive Financial was an online bank.
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Canadian Western Bank
Canadian Western Bank (CWB; French: Banque canadienne de l'Ouest), doing business as the CWB Financial Group, was a Canadian bank based in Edmonton, Alberta. The bank primarily operated in western Canada, although it also operated several branches in eastern Canada.
The CWB was established in 1988 through the merger of the Bank of Alberta and the Western & Pacific Bank of Canada. In 2025, CWB was acquired by the National Bank of Canada, and its operations were rebranded under the National Bank brand.
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 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.
It was announced on June 11, 2024, that it would be acquired by National Bank of Canada in 2025. The acquisition was completed in March 2025, with CWB rebranding under the National Bank brand.
The CWB Financial Group was made up of 10 banking, lending, wealth and trust companies. It had an expanding loan book in BC, Alberta and Ontario.
Canadian Western Bank's operating affiliates included:
Motive Financial was the virtual banking division of Canadian Western Bank. As such, eligible deposits were held at Canadian Western Bank, a member of Canada Deposit Insurance Corporation (CDIC). Motive Financial was an online bank.