Western Financial Group and Bank West Close on the Acquisition of Ubiquity Bank



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY UNITED STATES NEWS
    SERVICE OR OTHERWISE IN THE UNITED STATES/

    HIGH RIVER, AB, Oct. 2 /CNW/ - (TSX - WES) - Western Financial Group and
its subsidiary Bank West announced they have closed on the acquisition of
Ubiquity Bank of Canada effective October 1, 2007. The combined asset base of
Bank West now exceeds $300 million. "This addition increases Bank West's
profitability, adds to their scale, and expands the customer base and
distribution relationships in Western Canada", said Scott Tannas, President
and CEO Western Financial Group.
    "We are pleased that we have taken another step in establishing ourselves
as a significant financial institution in Western Canada." said Bob Marshall,
President and CEO Bank West. Mr. Marshall also mentioned Bank West is
committed to contributing towards Western Financial Group's success as a
leading financial service company in Western Canada.

    Western Financial Group is a leader in providing insurance, financial
services and banking services in over 80 communities, to more than 400,000
individuals and businesses in Western Canada through its WFG Agency Network
locations, its affiliated insurance brokers, Western Life Assurance Company
and Bank West.
    The Common Shares of Western Financial Group are traded on the Toronto
Stock Exchange under the symbol "WES".

    %SEDAR: 00007536E




For further information:

For further information: Arlene Beggs, Assistant to the President,
Western Financial Group, (403) 652-2663, info@westernfinancialgroup.net

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Western Financial Group

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