Pacific & Western Credit Corp. - Executive Appointments

    LONDON, ON, June 15 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC)
today announced two executive appointments at PWC's wholly owned subsidiary,
Pacific & Western Bank of Canada (PWBank).
    Shawn Clarke joined PWBank as Vice President, Corporate Development &
Enterprise Risk Management. Mr. Clarke returned to PWBank after spending three
years with Discovery Air Inc. as COO. Shawn holds a Master of Engineering
degree and Master of Business Administration degree.
    Nick Kristo has been appointed Senior Vice President, Credit &
Administration. Mr. Kristo joined PWBank in 2004 as Senior Manager Credit Risk
and has progressed rapidly in the credit adjudication department. He was
appointed Vice President in 2007. Mr. Kristo's experience prior to joining
PWBank included senior credit positions with two financial institutions.
    David Taylor, President & Chief Executive Officer, stated, "We are very
pleased that Shawn has returned to PWBank to take on a very important role. We
are also pleased to announce Nick's promotion to Senior Vice President. Both
gentlemen are talented professionals and will play a large part in PWBank's
continued growth and success."

    PWBank, a Schedule I 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, (519) 675-4204;

For further information:

For further information: Investor Relations: (800) 244-1509,; Public Relations & Media: Tel Matrundola,
Vice-President, (416) 203-0882,; Visit our website at:

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