corporate profile

Pacific & Western Bank of Canada, a Schedule I chartered bank, has grown its assets consistently and significantly from an initial vision for a new kind of financial institution. PWBank's vision was to make full use of emerging technologies to transform its originally small size, traditionally a handicap in the banking industry, into an advantage by achieving record efficiencies in both time and money.

Pacific & Western built a "branchless" bank, investing capital in highly-skilled, experienced people, and in advanced computing technologies, rather than in bricks and mortar. PWBank took advantage of existing brokerage networks to raise deposits. And it focused on specific niches in which the Bank has a great wealth of experience – financing well established corporations and public sector entities. The Bank has a seasoned team of expert lenders in three primary areas, Commercial and Corporate Lending, Real Estate Lending and Public Sector Lending. Each group operates throughout Canada providing lending services coast to coast.

To this day, PWBank's growth, corporate structure, and operations reflect its original vision. The Bank's staffing is streamlined, with an asset to employee ratio, a quantifiable measure of productivity, approximately four times better than that averaged by other banks. PWBank continually improves its technologies to support its rapid growth. And it has established a dedicated risk management group to ensure growth does not exceed capabilities.

Pacific & Western is fast, focused and friendly.

The Bank provides two primary services: deposits and financing. PWBank is organized into two distinct operating divisions for these services given that each requires different strategies and each transacts business in different markets.

The Bank's Head office is in London, Ontario. Deposit services operate from the Saskatoon, Saskatchewan, corporate office, with a nationwide broker network raising deposits on the Bank's behalf. Financing services operate from the Bank's various Lending offices located throughout Canada - Toronto, London, Saskatoon, Calgary and Vancouver - where PW provides Commercial and Corporate Lending, Real Estate Lending and Public Sector Lending.

PWBank also has a Research & Development arm made up of a small but dedicated, intellectual team of technologically driven developers whose task it is to help position the bank for future growth and with new strategic products. Its first product and initiative was the launch of a Basel II compliant banking software, following new international standards for banking. The team explores ongoing, exciting initiatives that are introduced as they become market ready.

Experienced, efficient, and innovative – Pacific & Western Bank builds shareholder value in a fresh, new way.