Canadian Western Bank sees Saskatchewan as a land of opportunity

    SASKATOON, Feb. 19 /CNW/ - Canadian Western Bank (CWB or the Bank) is
pleased to announce it has finalized plans for a new full-service commercial
and retail banking centre in Saskatoon. Construction is slated to begin
shortly with an expected opening in September 2009. The new branch site is at
the corner of Faithfull Avenue and 51st Street E. and will complement CWB's
existing Saskatoon branch located at 244 - 2nd Avenue. The new property will
be secured via a long-term lease agreement with Concorde Group Corp., a local
and highly regarded real estate investment company.
    "We are very excited about future opportunities in this province and I am
pleased to confirm these expansion plans, particularly being from Saskatchewan
myself," said Larry Pollock, President & CEO of CWB. "From the development of
oil and gas, to uranium and potash, to the Roughriders, Saskatchewan is going
places and we want our Bank to play a greater role in contributing to this
    "Clients really appreciate CWB's highly personalized service, including
our commitment to building long-term banking relationships; this focus seems
to have been lost among many of our competitors," added Michael Halliwell, CWB
Senior Vice President and Regional General Manager, Prairies. "Commercial and
equipment financing clients also appreciate our industry specialists, who
recognize the unique opportunities and challenges of doing business in the

    About Canadian Western Bank

    Canadian Western Bank offers highly personalized service through 36
branch locations and is the largest publicly traded Schedule I chartered bank
headquartered in Western Canada. The Bank, with total balance sheet assets of
more than $10 billion and assets under administration of over $4 billion,
specializes in mid-market commercial lending and offers a full range of retail
banking services. The common shares of Canadian Western Bank are listed on the
Toronto Stock Exchange under the trading symbol 'CWB'. Refer to for additional information.

For further information:

For further information: Michael Halliwell, Senior Vice President &
Regional General Manager, Prairies, Canadian Western Bank, Phone: (403)
750-3577; Ron Kowalenko, Assistant Vice President & Branch Manager, Saskatoon
Branch, 244 - 2nd Avenue, Canadian Western Bank, Phone: (306) 477-8707

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