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Press release from CNW Group

CWB opens a second full-service banking location in Surrey, BC

Thursday, October 07, 2010

CWB opens a second full-service banking location in Surrey, BC11:00 EDT Thursday, October 07, 2010 EDMONTON, Oct 7 /CNW/ - Canadian Western Bank (CWB or the 'Bank') is pleased to announce the opening of its new full-service commercial and retail banking centre in Surrey, British Columbia (BC) on October 4, 2010. The new branch, named 'Panorama Ridge,' is located at Unit #103, 15230 Highway 10 and offers comprehensive banking services for both business and personal clients. "Panorama Ridge is CWB's second branch in Surrey and supports our strategy to further expand the Bank's footprint in areas across Western Canada," said Greg Sprung, CWB's Senior Vice President and Regional General Manager for BC. "Located in South Surrey, this branch is positioned to serve what we believe is one of the fastest-growing markets in the country, and we've already developed a great client base here through our other location. The additional branch will not only enhance our business reach, it will also increase convenience for our customers." "We have a strong business plan and our entire team is excited to hit the ground running as we further extend CWB's full-range of products and services in Surrey," added Greg Noga, Branch Manager at Panorama Ridge. "Clients appreciate our highly personalized service, whether it's providing a complex business loan or simply opening a personal savings account, our committed approach builds long-term banking relationships. We also specialize in business banking, including heavy equipment financing. Our team of professionals understand the unique opportunities and challenges of doing business in the west." About Canadian Western Bank GroupCanadian Western Bank offers highly personalized service through 39 branch locations and is the largest Canadian owned bank headquartered in Western Canada. The Bank specializes in mid-market commercial lending and offers a full complement of personal banking services. The Bank, along with its operating subsidiaries, Canadian Western Trust Company, Valiant Trust Company, Canadian Direct Insurance Incorporated, National Leasing Group Inc., Adroit Investment Management Ltd. and Canadian Western Financial Ltd., collectively offer a diversified range of financial services across Canada and are together known as Canadian Western Bank Group. The common shares of Canadian Western Bank are listed on the Toronto Stock Exchange under the trading symbol 'CWB.'  Refer to www.cwbankgroup.com for additional information. For further information: <table valign="top" border="0"><tr><td valign="top" align="left">Greg Sprung        <br/>Senior Vice President & Regional General Manager, BC        <br/>Canadian Western Bank      <br/>Phone: (604) 443-5132      <br/></td> <td valign="top" align="left">Kirby Hill, CFA<br/>Director, Investor & Public Relations<br/>Canadian Western Bank<br/>Phone: (780) 441-3770<br/>E-mail: <a href="mailto:kirby.hill@cwbank.com">kirby.hill@cwbank.com</a></td></tr></table>