trending Market Intelligence /marketintelligence/en/news-insights/trending/5WrYtnoisdydO_DD8cz-ng2 content esgSubNav
In This List

Canadian Western Bank closes common stock offering

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition

Blog

Insight Weekly Labor market recovery hurdles power market integration nonbank MA hunt


Canadian Western Bank closes common stock offering

Edmonton, Canada-based Canadian Western Bank closed its of common stock, issuing6,125,000 common shares at C$24.50 each to raise gross proceeds of approximatelyC$150 million.

The offeringwas underwritten on a bought-deal basis by a syndicate led by BMO CapitalMarkets and National Bank Financial Inc. Net proceeds from the offering will beadded to the bank's capital base and used for general corporate purposes,according to a news release.