PACIFIC & WESTERN BANK APPOINTS ASSISTANT VICE PRESIDENT

LONDON, ON, Feb. 11 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) today announced a management appointment at PWC's wholly-owned subsidiary, Pacific & Western Bank of Canada.

Jason Patterson has been appointed Assistant Vice President, Credit & Administration. Jason has over 22 years experience in the finance and insurance industry, including management positions with three large Canadian insurance companies. Jason holds a CFA designation and an Honours Bachelor of Science degree from the University of Waterloo.

David Taylor, President & Chief Executive Officer, stated, "I am very pleased to have Jason on our team. He has a wealth of experience and will be a key contributor to our growing bulk lease financing program."

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:

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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