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Olympia Financial Group Inc. Announces Acquisition of Investment Accounts from Canadian Western Trust
Calgary, Alberta--(Newsfile Corp. - December 2, 2024) - Olympia Financial Group Inc. (TSX: O...
About this update from Olympia Financial Group Inc.
[{"type":"text","content":"Olympia Financial Group Inc. Announces Acquisition of Investment Accounts from Canadian Western TrustCalgary, Alberta--(Newsfile Corp. - December 2, 2024) - Olympia Financial Group Inc. (TSX: OLY) (\"Olympia\") is pleased to announce that Olympia Trust Company (\"Olympia Trust\") has entered into an asset purchase agreement pursuant to which Olympia Trust will purchase, for $1.7 million in cash, approximately 3,400 self-directed non-registered and registered plan investment accounts currently administered by Canadian Western Trust Company (the \"Transaction\").It is anticipated that the Transaction will be completed on January 1, 2025.About Olympia Financial Group Inc.Olympia conducts most of its operations through its subsidiary Olympia Trust, a non-deposit taking trust company. Olympia Trust is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust administers self-directed registered and non-registered plan investment accounts, and provides corporate trust and transfer agency services. Olympia also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc., and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc.Olympia's common shares are listed on the Toronto Stock Exchange under the symbol \"OLY\".For further information, please contact:Olympia Financial Group Inc.Rick Skauge, President and Chief Executive OfficerJennifer Urscheler, Chief Financial OfficerPhone: (403) 261-0900Fax: (403) 265-1455Statements Regarding Forward Looking InformationCertain portions of this press release as well as other public statements by Olympia contain \"forward- looking information\" within the meaning of applicable Canadian securities legislation, which is also referred to as \"forward-looking statements\", which may not be based on historical fact. Wherever possible, words such as \"will\", \"plans,\" \"expects,\" \"targets,\" \"continue\", \"estimates,\" \"scheduled,\" \"anticipates,\" \"believes,\" \"intends,\" \"may,\" and similar expressions or statements that certain actions, events or results \"may,\" \"could,\" \"woul...