Canadian Western Bank Files Preliminary Base Shelf Prospectus



    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
    THE U.S./

    EDMONTON, June 10 /CNW/ - Canadian Western Bank (CWB or the Bank) today
filed a preliminary base shelf prospectus with the securities commission or
equivalent regulatory authority in each of the provinces and territories of
Canada.
    Subject to regulatory approval, this filing will provide CWB with
flexibility to offer any combination of subordinated debt or preferred share
securities, in one or more tranches, up to a maximum of $750 million over the
next 25 months. Copies of the preliminary base shelf prospectus are publicly
available on SEDAR at www.sedar.com.

    About Canadian Western Bank

    Canadian Western Bank offers highly personalized service through 35
branch locations and is the largest publicly traded Schedule I chartered bank
headquartered in and regionally focused on Western Canada. The Bank, with
total balance sheet assets of more than $10.0 billion and assets under
administration of over $4.4 billion, specializes in mid-market commercial
lending and offers a full range of retail services. Trust services to
independent financial advisors, corporations, income trusts and individuals
are provided through the Bank's wholly owned subsidiaries, Canadian Western
Trust Company and Valiant Trust Company. Canadian Direct Insurance
Incorporated is a wholly owned subsidiary providing personal auto and home
insurance to customers in BC and Alberta. The common shares of Canadian
Western Bank are listed on the Toronto Stock Exchange under the trading symbol
'CWB'. Refer to www.cwbankgroup.com for additional information.





For further information:

For further information: Larry  M. Pollock, President and Chief
Executive Officer, Canadian Western Bank, Phone: (780) 423-8888; Kirby Hill,
CFA, Senior Manager, Investor and Public Relations, Canadian Western Bank,
Phone: (780) 441-3770, E-mail: kirby.hill@cwbank.com

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Canadian Western Bank

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