Pacific & Western Bank of Canada's Board Nominates Avery Pennarun for Election to its Board of Directors

LONDON, ON, March 14, 2016 /CNW/ - Pacific & Western Bank of Canada (TSX: PWB) is pleased to announce Avery Pennarun will stand for election to the Board of the Bank at its Annual General Meeting April 27, 2016.  Mr. Pennarun brings to the Board a wealth of knowledge and experience in the information technology industry.

Mr. Pennarun currently works at Google Fiber Inc. in New York City as Senior Staff Software Engineer. He graduated from the University of Waterloo with an Honours, Bachelor of Applied Science in Computer Engineering degree in 2001. His background includes four years as EVP, Software Development at Versabanq Innovations, a subsidiary of PWC Capital Inc.

David Taylor, President & CEO of the Bank stated: "I am very pleased that Avery will stand for election to our Board.  His impressive experience in the information technology field combined with his in-depth knowledge of our banking systems will be very valuable to us in many areas."

About Pacific & Western Bank of Canada

Pacific & Western Bank of Canada, a highly versatile and technologically proficient Canadian Schedule I chartered bank, operates using an "electronic branchless model". It sources deposits, consumer loans, commercial loans and leases electronically. PWB also makes residential development and commercial mortgages it sources through a well-established network of brokers and direct contact with its lending staff. PWB's common shares trade on Toronto Stock Exchange under the symbol PWB.

SOURCE Pacific & Western Bank of Canada

For further information: Investor Relations: Wade MacBain, Director, (800) 244-1509, wadem@pwbank.com; Public Relations & Media: Tel Matrundola, Vice-President, (866) 787-9936, telm@pwbank.com; Visit our website at: http://www.pwbank.com


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