CWB announces update on shareholder meetings

EDMONTON, March 6, 2013 /CNW/ - Canadian Western Bank (CWB or "the Bank") 
today announced its decision not to proceed with the proposed amendment to 
"By-law Three", as described in its management proxy circular distributed to 
common and preferred shareholders in January 2013. The resolution proposed to 
increase the authorized First Preferred shares outstanding at any time to $2 
The decision not to proceed reflects the Bank's view that the intent and 
benefits of the resolution to shareholders were not clearly explained by CWB. 
This includes the fact that any preferred shares issued under the Basel III 
regulatory capital framework for federally regulated financial institutions 
are required to be converted to common shares upon any circumstance of 
non-viability. The Basel III framework became effective for Canadian banks on 
January 1, 2013. 
Based on the foregoing, the resolution will not be presented for approval at 
the annual and special meeting of common shareholders to be held on March 7, 
2013. Accordingly, no proxies received from common shareholders will be voted 
in respect of this resolution. As this resolution was the only matter to be 
presented at the concurrent special meeting of First Preferred shareholders 
(the "Preferred Shareholder Meeting"), this meeting has been cancelled. The 
annual and special meeting of common shareholders will proceed as scheduled. 
The Bank will better explain and put forth the amendment to "By-law Three" at 
a future date. 
About Canadian Western Bank Group
Canadian Western Bank offers highly personalized service through 41 branch 
locations and is the largest publicly traded Canadian bank headquartered in 
Western Canada. The Bank specializes in mid-market commercial lending and 
offers a full complement of personal banking services. The Bank, along with 
its operating affiliates, National Leasing Group Inc., Canadian Western Trust 
Company, Valiant Trust Company, Canadian Direct Insurance Incorporated, Adroit 
Investment Management Ltd. and Canadian Western Financial Ltd., collectively 
offer a diversified range of financial services across Canada and are together 
known as Canadian Western Bank Group. The common shares of Canadian Western 
Bank are listed on the Toronto Stock Exchange under the trading symbol "CWB". 
The Bank's Series 3 Preferred Shares trade on the Toronto Stock Exchange under 
the trading symbol "CWB.PR.A". Refer to for additional 
Kirby Hill, CFA Director, Strategy & Communications Canadian Western Bank 
Phone: (780) 441-3770  
Tracey Ball, FCA Executive Vice President & CFO Canadian Western Bank Phone: 
(780) 423-8865   
SOURCE: Canadian Western Bank 
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CO: Canadian Western Bank
ST: Alberta
-0- Mar/07/2013 02:39 GMT
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