2012

Pacific & Western Launched Home Hardware Credit Card

LONDON, ON, Jan. 3, 2012, 2012 (Canada NewsWire via COMTEX) --Pacific & Western Credit Corp. (TSX:PWC) today announced that PWC's wholly owned subsidiary Pacific & Western Bank of Canada (PWBank) launched the Home Credit Card yesterday, January 2, as planned with its partner Home Hardware Stores Limited (HHSL). The card was launched on a national basis with the 1,073 HHSL dealerships in every province across Canada accepting applications for the new Home Credit Card.

David Taylor, President & Chief Executive Officer, stated, "We at PWBank are extremely excited to have taken this significant step with our valued partner, Home Hardware. This 100% Canadian partnership will provide Home Hardware customers with a beneficial credit tool to facilitate investment in their homes. We look forward to continued success and growth in this new retail venture for our bank."

Pacific & Western Bank of Canada, aCanadian Schedule I chartered bank, is a branchless financial institution. PWBank specializes in providing financing throughout Canada to well established corporations and government entities, including hospitals, school boards, universities and colleges, municipalities, provinces and territories, and federal government agencies.

Pacific & Western Bank of Canada is wholly owned by Pacific & Western Credit Corp., whose shares trade on the TSX under the symbol PWC.

Investor Relations: Wade MacBain, Director (800) 244-1509, wadem@pwbank.com; Public Relations & Media: Tel Matrundola, Vice-President, (866) 787-9936, telm@pwbank.com

To receive company news releases, please contact: Wade MacBain, Director (800) 244-1509, wadem@pwbank.com

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2012/03/c9862.html

SOURCE: Pacific & Western Credit Corp.

Visit our website at:http://www.pwbank.com