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MONTREAL and EDMONTON, AB, Feb. 20, 2025 /CNW/ - National Bank of Canada ("National Bank") (TSX: NA) and Canadian Western Bank ("CWB") today announced the completion of the previously announced reorganization of CWB's tier 1 capital.

In particular, on the date hereof, all of the issued and outstanding First Preferred Shares Series 5 (Non-Viability Contingent Capital (NVCC)) and Series 9 (Non-Viability Contingent Capital (NVCC)) of CWB (collectively, the "CWB First Preferred Shares") have been exchanged, on a one for one basis, for new First Preferred Shares of National Bank Series 47 (Non-Viability Contingent Capital (NVCC)) and Series 49 (Non-Viability Contingent Capital (NVCC)) (collectively, the "National Bank First Preferred Shares"), respectively, in each case having substantially the same rights, privileges, restrictions and conditions as the corresponding CWB First Preferred Shares. The Limited Recourse Capital Notes Series 1 and Series 2 (NVCC) of CWB have been redeemed in accordance with their terms.

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EDMONTON, AB, Jan. 16, 2025 /CNW/ - Canadian Western Bank (TSX: CWB) ("CWB") today announced that it has determined to terminate its dividend reinvestment plan (the "DRIP") effective immediately, pursuant to and in accordance with the terms of the DRIP, in connection with the previously announced proposed acquisition (the "Transaction") of CWB by National Bank of Canada. The plan agent under the DRIP, Computershare Trust Company of Canada, will send to each participant (or to his or her nominee, as applicable) a DRS Advice for whole CWB common shares held for such participant's account under the DRIP and a cheque in payment for any remaining fractions of CWB common shares in such participant's account. All whole CWB common shares held on behalf of participants under the DRIP will be entitled to NBC common shares in accordance with the Transaction exchange ratio upon closing of the Transaction. Participants who submit a valid letter of transmittal to Computershare Investor Services Inc. for their CWB common shares will also receive any NBC common shares they are entitled to in connection with their CWB common shares held under the DRIP. Participants seeking further information with respect to their entitlements under the DRIP may contact the plan agent under the DRIP, Computershare Trust Company of Canada (1-800-564-6253).

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EDMONTON, AB, Dec. 27, 2024 /CNW/ - Canadian Western Bank (TSX: CWB) ("CWB") today announced that it has mailed letters of transmittal (each, a "Letter of Transmittal") for use by registered holders of CWB common shares ("Registered CWB Shareholders") in connection with the previously announced proposed acquisition (the "Transaction") of CWB by National Bank of Canada ("National Bank"). CWB has also made a copy of the form of Letter of Transmittal available on its website at https://www.cwb.com/investor-relations and on SEDAR+ at www.sedarplus.ca.

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MONTREAL and EDMONTON, AB, Dec. 20, 2024 /CNW/ - National Bank of Canada ("National Bank") (TSX: NA) welcomes the decision by the federal Minister of Finance to approve the previously announced acquisition of Canadian Western Bank ("CWB") (TSX: CWB).

EDMONTON, AB, Dec. 18, 2024 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the year ended October 31, 2024, with annual common shareholders' net income of $268 million, diluted earnings per common share (EPS) of $2.76 and adjusted EPS(1) of $3.01.

"As we progress toward closing the National Bank transaction, our teams have remained focused on delivering a differentiated experience for business owners and their families while supporting the integration planning process," said Chris Fowler, President and CEO. "We continue to retain the deep relationships we have with our clients, the engagement of our teams remains strong, and our balance sheet is resilient. We are well positioned to deliver prudent growth and solid financial performance."

EDMONTON, AB, Dec. 17, 2024 /CNW/ - CWB Financial Group (TSX:CWB) (CWB) will release our fourth quarter and fiscal 2024 results on December 18, 2024 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:00 a.m. ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.

EDMONTON, AB, Dec. 7, 2024 /CNW/ - CWB Financial Group (CWB) is providing an update concerning its announcement that the release of its fourth quarter and fiscal 2024 financial results were rescheduled to mid-December 2024.

The decision to reschedule is unrelated to CWB's potential acquisition by National Bank of Canada. We continue to expect forward progress of the transaction and expect it to close as planned and within previously announced timelines.

EDMONTON, AB, Dec. 6, 2024 /CNW/ - CWB Financial Group (TSX: CWB) ("CWB") today announced that the release of its fourth quarter and fiscal 2024 financial results will be rescheduled. CWB deferred the release of its results from the originally planned date of December 6, 2024. CWB expects to issue the results by mid-December 2024.

CWB's conference call to review the fourth quarter and fiscal 2024 financial results will be rescheduled to follow the release of the results.

EDMONTON, AB, Dec. 6, 2024 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.36 per common share (TSX: CWB), payable on January 2 , 2025, to shareholders of record on December 18, 2024. This quarterly dividend is up one cent, or 3%, from the dividend declared last quarter and up two cents, or 6%, from one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.3981875 per Series 5 and $0.4781875 per Series 9, payable on January 31, 2025, to shareholders of record on January 24, 2025.

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CWB Preferred Shares Series 5 & 9: Approved

CWB Limited Recourse Capital Notes Series 1 & 2: Approved

MONTREAL and EDMONTON, AB, Nov. 28, 2024 /CNW/ - On October 16, 2024, National Bank of Canada (TSX: NA) ("National Bank") and Canadian Western Bank (TSX: CWB) ("CWB") announced a tier 1 capital reorganization, involving the amendments to the following CWB securities:

EDMONTON, AB, Nov. 14, 2024 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) will release our fourth quarter and fiscal 2024 results on December 6, 2024 via newswire at approximately 7:00 a.m. Eastern Time (ET) and CWB Management will host a conference call with analysts on the same day at 10:30 a.m ET. A copy of the news release, supplemental financial results and conference call presentation will be available in the Investor Relations section of our website at www.cwb.com/investor-relations/quarterly-reports.

EDMONTON, AB, Oct. 30, 2024 /CNW/ - CWB is thrilled to congratulate Supriya James, Senior Vice President, Human Resources for receiving the honour of Canada's Most Powerful Women: Top 100 Award Winner. Selected by WXN's Global Alliance for Inclusive Leadership, the 2024 award recognizes 103 bold women for their leadership and groundbreaking achievements that have meaningfully transformed their industries, companies, communities and country.

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MONTREAL and EDMONTON, AB, Sept. 26, 2024 /CNW/ - National Bank of Canada ("National Bank") (TSX: NA) and Canadian Western Bank ("CWB") (TSX: CWB) today announced that National Bank received the Competition Bureau's clearance for National Bank's previously announced proposed acquisition of CWB. The proposed transaction also requires approval by the Office of the Superintendent of Financial Institutions and the Minister of Finance.

EDMONTON, AB, Sept. 3, 2024 /CNW/ - Canadian Western Bank (TSX: CWB) ("CWB") is pleased to announce the voting results from its special meeting of common shareholders ("CWB Shareholders") conducted today (the "Meeting") in connection with National Bank of Canada's ("NBC") proposal to acquire all of the issued and outstanding CWB common shares ("CWB Shares") by way of a share exchange (the "Transaction").

EDMONTON, AB, Aug. 30, 2024 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share (TSX: CWB), payable on September 26, 2024, to shareholders of record on September 12, 2024. This quarterly dividend is the same as last quarter and up two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.3981875 per Series 5 and $0.4781875 per Series 9, payable on October 31, 2024, to shareholders of record on October 22, 2024.

This news release and accompanying financial highlights are supplementary to CWB's 2024 Third Quarter Report to Shareholders and 2023 Annual Report and should be read in conjunction with those documents.

EDMONTON, AB, Aug. 30, 2024 /CNW/ - CWB Financial Group (TSX: CWB) (CWB) announced financial performance for the three and nine months ended July 31, 2024, with quarterly common shareholders' net income of $41 million, diluted earnings per common share (EPS) of $0.43, and adjusted EPS(1) of $0.60.