(Bloomberg) -- National Bank of Canada agreed to buy Canadian Western Bank for about C$5 billion ($3.6 billion) in stock in a tie-up of two of the country’s regional lenders. Most Read from BloombergUS Inflation Broadly Cools in Encouraging Sign for Fed OfficialsBlinken Casts Doubt on Cease-Fire Hopes After Hamas RespondsHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.EU to Slap Tariffs of Up to 48% on EV Imports From ChinaStock Bull Run Breaks Record on Fed Decision Day: Markets W
Not for distribution to U.S. news wire services or for dissemination in the United States Aligned with National Bank’s strategic plan to accelerate growth across all its business lines in CanadaProvides customers an expanded product and service offering nationally, extensive banking centre network and common customer experience cultureMaintains branch footprint and Edmonton-based executive and operational presence Combination creates stronger competitor, and provides more choice for CanadiansCon
Canadian Western Bank ( TSE:CWB ) shareholders are probably feeling a little disappointed, since its shares fell 2.1...