New banking centres to open in Markham and Toronto's Financial District
EDMONTON, AB,
Feb. 16, 2022 /CNW/ -
Canadian Western Bank (TSX: CWB) today announced its further
expansion in Ontario with new
banking centres set to open in Markham and Toronto in the next 6 to 14 months. Since
first bringing its specialized banking services to Mississauga, Ontario in 2020, CWB has become a
clear alternative for small- and medium-sized business owners that
want a level of premium service, advice, and partnership previously
unseen in that province.
"The local business owners we work with have overwhelmingly
positive feedback about our relationship-based style of banking,"
says Mark Stafford, CWB's Vice
President, Ontario. "They
immediately recognize that our approach is different than what
they're used to with the big banks. We're proactive, we're
flexible, we listen, we have a deep understanding of their needs,
and we're laser-focused on being a strategic partner that helps
them to manage and grow their businesses."
CWB's lending in Ontario has
been steadily increasing in recent years, with 10 per cent annual
loan growth in its most recent fiscal year.
"Like many of our clients, CWB is growing," adds Stephen Murphy, Executive Vice President,
Banking. "We're bringing better business banking to target markets
and industries across Ontario
where owners and decision makers can benefit from our deep industry
expertise and our proactive, personalized service. Markham and Toronto's culturally diverse, pro-business
communities are absolutely where we think we can offer a compelling
alternative for business owners over our competitors."
CWB's new location in Markham
at 7303 Warden Avenue is scheduled to open in Summer 2022. The new
banking centre and regional office in Toronto's Financial District at 141 Adelaide
Street West is anticipated to open in Spring 2023.
About Canadian Western Bank
Canadian Western Bank
(CWB) is the only full-service bank in Canada with a strategic focus to meet the
unique financial needs of small- and medium-sized businesses and
their owners. Through our network of branches, business offices and
mobile relationship teams, we help clients grow their businesses,
manage their money, and realize their financial potential. Learn
more at www.cwbank.com.
SOURCE Canadian Western Bank