PACIFIC & WESTERN APPOINTS NEW DIRECTOR

LONDON, ON, May 9 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) is pleased to announce that Susan McGovern has been appointed as a new Director of its wholly owned subsidiary, Pacific & Western Bank of Canada (the "Bank").

Ms. McGovern has over 25 years of executive level experience in the Ontario Public Service, the federal government in ministerial offices, provincial Crown Corporations, the not-for-profit sector and private sector associations. David Taylor, President & C.E.O. of Pacific & Western stated, "I am very pleased with the appointment of Susan McGovern to the Board of the Bank. Her experience in the public service sector will complement our existing Board."

Pacific & Western Bank of Canada is wholly owned by Pacific & Western Credit Corp., whose shares trade on the TSX under the symbol PWC.

Investor Relations: Wade MacBain, Director (800) 244-1509, wadem@pwbank.com;

Public Relations & Media: Tel Matrundola, Vice-President, (866) 787-9936, telm@pwbank.com

To receive company news releases, please contact:

Carla McPhee at carlam@pwbank.com, (519) 675-4204

SOURCE Pacific

For further information: Visit our website at: http://www.pwbank.com

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Pacific & Western Credit Corp.

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