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National Bank receives Competition Bureau clearance for acquisition of Canadian Western Bank
National Bank receives Competition Bureau clearance for acquisition of Canadian Western Bank ...
About this update from National Bank Of Canada
[{"type":"text","content":"\n\n\n\n National Bank receives Competition Bureau clearance for acquisition of Canadian Western Bank\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n Aligned with National Bank's strategic plan to accelerate growth across all its business lines in\n \n Canada\n \n\n\n\n\n Provides customers an expanded product and service offering nationally, extensive banking centre network and common customer experience culture\n \n\n\n\n Maintains branch footprint and\n \n Edmonton\n \n -based executive and operational presence\n \n\n\n\n Combination creates stronger competitor, and provides more choice for Canadians\n \n\n\n\n\n\n MONTREAL\n \n and\n \n EDMONTON, AB\n \n\n ,\n \n\n Sept. 26, 2024\n \n\n /CNW/ - National Bank of\n \n Canada\n \n (\"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.\n \n\n\n\n\n\n\n\n\n \"We are pleased that the Competition Bureau has concluded its review of this transaction, and to have its approval to bring together these two great banks which have a complementary footprint in personal and commercial banking. Once the remainder of the regulatory approvals processes are complete, we look forward to joining forces with the CWB team so that together, we deliver a stronger banking choice for all Canadians and Canadian businesses,\" said\n \n Laurent Ferreira\n \n , President and CEO of National Bank.\n \n\n \"This positive news from the Competition Bureau is a major step forward in uniting National Bank and CWB,\" said\n \n Chris Fowler\n \n , CEO of CWB. \"This decision preserves the tremendous value the transaction represents for our clients, teams, communities ...