Research Capital to distribute Pacific & Western Bank GICs

    LONDON, ON, Aug. 27 /CNW/ - B Pacific & Western Credit Corp. (TSX:PWC)
today announced that Research Capital has signed an agreement to distribute
the GICs of PWC's wholly owned subsidiary, Pacific & Western Bank of Canada
(PWBank).
    Research Capital is one of Canada's leading independent Investment
Dealers. Based in Toronto and with offices in Calgary, Regina, Montreal and
Vancouver, Research Capital provides tailored financial solutions for
investors and small to mid cap companies.
    David Taylor, President and Chief Executive Officer, stated, "Research
Capital is a welcome addition to our growing network of deposit agents and we
look forward to the opportunity to offer our deposit products to Research
Capital's customers. This relationship furthers our corporate strategy to
diversify and expand our deposit base."
    PWBank, a Schedule I chartered bank, is a branchless financial
institution with approximately $1.6 billion in assets. PWBank specializes in
providing innovative financing to large corporate and government entities
including hospitals, school boards, universities and colleges, municipalities
and provincial and federal government agencies. With no retail operations or
store fronts, PWBank is one of the most efficiently operating financial
institutions in Canada. These overhead savings translate into very competitive
rates for our clients.
    Pacific & Western Bank of Canada is wholly owned by Pacific & Western
Credit Corp., whose shares trade on the TSX under the symbol PWC.To receive company news releases, please contact:
    Carla McPhee at [e-mail], [phone]

For further information: Investor Relations: Wade MacBain at (800)
244-1509 or [e-mail]; Visit our website at:
http://www.pwbank.com