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Online Policy Statement

Coming together with National Bank

On Tuesday, June 11, we announced that CWB has entered into a definitive agreement to be acquired by National Bank. This is an exciting opportunity for our clients, people, communities and shareholders, as we plan to come together to give Canadians more choice in relationship-based banking from coast-to-coast. 

It’s business as usual at CWB, now until the necessary CWB shareholder and regulatory approvals are confirmed and this transaction closes, which we expect to take until the end of 2025. We’re open for business and our teams will continue to provide you with the proactive, personalized service and advice you expect. 

Thank you for believing in CWB over the years. We look forward to continuing to serve you—today and in the future when we unite with National Bank to become a stronger, more comprehensive bank for Canadians. Read our official news release.

"We are proud to come together with National Bank and are confident this combination will create incredible value for our clients, teams, communities and our shareholders. Together, we can offer Canadians more choice by combining CWB’s four-decade legacy of serving business owners and their families with National Bank’s scale, complementary market expertise and the technological capabilities necessary to accelerate our growth.”

Chris Fowler, President and Chief Executive Officer, CWB

Frequently asked questions

I'm a business client. What does this mean for me?
This transaction still requires both CWB shareholder and regulatory approval, which we expect to take until the end of 2025. In the meantime, it is business as usual and there are no changes to your current relationship with CWB.  

National Bank has a comprehensive business banking offering in the markets where it currently operates, with many complementary services to what CWB provides today including strong cash management and digital payments capabilities, global trade solutions, financial markets, and private banking and wealth management.  
I'm a personal client. What does this mean for me?
This transaction still requires both CWB shareholder and regulatory approval, which we expect to take until the end of 2025. In the meantime, it is business as usual and there are no changes to your current relationship with CWB.  

Once combined, we will offer more comprehensive personal banking services across the country. This also means maintaining a branch presence in the communities where we operate today so we can continue to meet our clients where they are. Our vision is to augment and improve our current offering to clients, and we look forward to sharing more details as they become available.