Press Release
CANADIAN WESTERN TRUST TO PROVIDE BARE TRUSTEE SERVICES FOR ATB SECURITIES INC.
For Immediate Release: Thursday, October 2, 2003
Vancouver, October 2 – Canadian Western Trust (CWT), a wholly-owned subsidiary of Canadian Western Bank (TSX:CWB), today announced an arrangement with ATB Securities Inc. whereby CWT will provide bare trustee services for the management of registered plans, within their IDA firm.
"CWT is a great fit for us and our clients because CWT is a leading provider of Canadian trust company services based in Western Canada" said Sheldon Dyck, Senior Vice-President, ATB Financial.
CWT Managing Director, Fiduciary Operations & Risk Management, Cathy Phillips said, "we are very pleased to be working with ATB Financial and look forward to providing them with our brand of customer service."
About ATB Financial
ATB Financial, an Alberta-based financial institution, was established in 1938. Today, ATB serves 600,000 customers in 241 communities through a network of 145 branches, 130 agencies, a Customer Contact Centre, 227 automated banking machines and electronic banking services. For further information about ATB Financial, visit www.atb.com.
About ATB Investor Services
ATB Securities Inc. is a wholly-owned subsidiary of ATB Financial and operates under the tradename, ATB Investor Services, which encompasses ATB Financial’s investment subsidiaries. ATB Investor Services is dedicated to providing a high level of personal service, unbiased advice and a full range of investment solutions to fit the unique needs of each client through an advisory network serving Alberta. For further information about ATB Investor Services, visit www.atb.com.
About Canadian Western Trust
Based in Vancouver, British Columbia, CWT is a wholly-owned subsidiary of Canadian Western Bank. CWT offers self-directed registered accounts and investment loan services geared towards independent financial planners, advisors and mortgage brokers. CWT also provides corporate and group services to corporations who offer employee compensation plans. CWT has over $1.4 billion of assets under administration in self-directed RRSPs and corporate appointments. For more information see the company web site at www.cwt.ca.
About Canadian Western Bank
Canadian Western Bank offers highly personalized service through its 27 branch locations and is the largest publicly-traded Schedule I chartered bank headquartered in and regionally focused on Western Canada. The Bank specializes in commercial loans, energy loans, construction and real estate project financing, and industrial equipment financing. Retail services include a competitive range of mortgages, consumer loans and deposit products.
The common shares and the convertible debentures of Canadian Western Bank are listed on the Toronto Stock Exchange under the respective trading symbols of “CWB” and “CWB.DB.A”. For more information see the Bank’s website at www.cwbank.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cathy Phillips
Managing Director,
Fiduciary Operations & Risk Management
Canadian Western Trust
Phone: (604) 443-5148
Email: cathy.phillips@cwt.ca
Brian Countryman
Director, Public Affairs
ATB Financial
Phone: (780) 408-7307
Email: Bcountryman@atb.com