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Canadian Western Bank establishes at-the-market equity program to issue up to C$150M in common shares

Date Closed

May 31, 2021

Lead Office



150.00 Million CAD

On May 31, 2021, Canadian Western Bank (CWB) established an at-the-market equity program through which it can issue up to C$150 million worth of common shares from treasury to the public through the Toronto Stock Exchange or any other marketplace on which the shares are listed, quoted or otherwise traded. National Bank Financial Inc. and BMO Nesbitt Burns Inc. acted as agents in this transaction.

CWB is based in Edmonton, and operates primarily in Western Canada. CWB provides specialized service in business and personal banking, trust and wealth management across Canada.

McCarthy Tétrault advised National Bank Financial Inc. and BMO Nesbitt Burns Inc. with team led by Andrew Parker that included Jeremy Pleasant and Suzie Cusson (Business), and Gabrielle Richards and Mike Hegedus (Tax).