Pacific & Western announces shareholdings of Donald Crich



    
    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/
    

    LONDON, ON, May 28 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC), on
behalf of Donald Crich, announced today that Mr. Crich, a long time supporter
and shareholder of PWC, acquired an additional 13,200 common shares of PWC on
May 27, 2009, at $3.00 per common share. As a result, Mr. Crich currently
holds 1,638,173 common shares of PWC, being approximately 12.01% of the total
issued and outstanding common shares of PWC.
    Mr. Crich stated that, "I continue to believe that, at current prices,
these shares represent an attractive investment and I intend to increase my
shareholdings as opportunities present themselves."

    Pacific & Western Credit Corp. operates primarily through its
wholly-owned subsidiary, Pacific & Western Bank of Canada (PWBank). PWBank, a
Schedule 1 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 carlam@pwbank.com, (519) 675-4204
    





For further information:

For further information: Investor Relations: (800) 244-1509,
InvestorRelations@pwbank.com; Public Relations & Media: Tel Matrundola,
Vice-President, (416) 203-0882, telm@pwbank.com; Visit our website at:
http://www.pwbank.com

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Pacific & Western Credit Corp.

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