Pacific & Western Bank appoints Chief Internal Auditor

LONDON, ON, Feb. 23, 2012 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) and PWC's wholly-owned subsidiary, Pacific & Western Bank of Canada, today announced the appointment of Aly Lalani as Chief Internal Auditor. Aly has over 25 years experience in auditing, treasury and finance, including management positions in property development and financial companies.  Aly is a Chartered Accountant, he holds an MBA from the Richard Ivey School of Business at the University of Western Ontario, and he recently completed a Masters Certificate in Risk Management & Business Performance at the Schulich School of Business, York University.

David Taylor, President & Chief Executive Officer, stated, "I want to thank our former Chief Internal Auditor, Terry Panych, for his excellent work over the years and we at Pacific & Western wish him well in his retirement.  I am very pleased to announce the appointment of Aly to the position of Chief Internal Auditor. He has a wealth of experience and will be a key contributor in accomplishing the objectives of the Bank."

Pacific & Western Bank of Canada, a Canadian Schedule I chartered bank, is a branchless financial institution.  It specializes in providing financing throughout Canada to well established corporations and government entities, including hospitals, school boards, universities and colleges, municipalities, provinces and territories, and federal government agencies.

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

SOURCE Pacific

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

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Pacific & Western Credit Corp.

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