GMP SECURITIES L.P. TO DISTRIBUTE PACIFIC & WESTERN BANK GICS
LONDON, ON, Sept. 15 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) today announced that GMP Securities L.P. has signed an agreement to distribute the GICs of PWC's wholly-owned subsidiary, Pacific & Western Bank of Canada (PWBank).
GMP Securities, one of Canada's leading wealth management firms, offers institutional sales, research and trading services to Canadian and U.S. clients and also services European clients through its affiliate GMP Europe.
David Taylor, President and Chief Executive Officer, stated that, "GMP Securities is a welcome addition to our growing network of deposit agents. This relationship furthers our corporate strategy to diversify and expand our deposit base."
Pacific & Western Bank of Canada, a Canadian 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, [email protected]; Public Relations & Media: Tel Matrundola, Vice-President, (866) 787-9936, [email protected] To receive company news releases, please contact: Carla McPhee at [email protected], (519) 675-4204
For further information: Visit our website at: http://www.pwbank.com
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