CWB Group announces endowment fund at YMCA of Northern Alberta in honour of
recently retired CEO, Larry Pollock
EDMONTON, July 3, 2013 /CNW/ - Canadian Western Bank Group (CWB Group) and the
YMCA of Northern Alberta (formerly YMCA of Edmonton) are pleased to announce
the establishment of the Larry Pollock Youth Recreation Endowment Fund, to
provide financial support to youth that otherwise might not be able to
participate in the YMCA's local programming.
The endowment fund, and an initial $200,000 investment, were announced in
June, as friends, family, and past and present employees and clients of CWB
Group joined together to celebrate Larry Pollock's tremendous career as
President and CEO. Together, approximately 285 attendees donated just over
$80,000, a number that was matched by CWB Group. Larry contributed an
additional $40,000 on behalf of his family to round out the total investment.
"We are just thrilled and honoured to have been selected to receive this
support, and are so very appreciative of everyone's kindness and generosity,"
said Nick Parkinson, President & CEO, YMCA of Northern Alberta. "Larry's
desire to establish the fund is a great demonstration of his many attributes
we all greatly admire and respect, and underscores what has made him such an
incredible leader and builder in our community."
"In celebrating Larry's 23 years of leadership as president and CEO of CWB
Group, it simply felt natural to create a legacy involving a cause that has
been close to his heart for so many years," said Tracey Ball, Executive Vice
President and Chief Financial Officer of CWB Group. "This YMCA endowment fund
is a meaningful and lasting way to honour Larry's highly successful career and
his extensive contributions to Edmonton and Northern Alberta. The community
support in helping us to establish this fund was very exciting and we are
thankful to all involved."
After officially retiring as CEO in March 2013, Larry will serve as an advisor
to CWB Group's Board of Directors for the next two years.
About Canadian Western Bank Group
Canadian Western Bank offers a full range of business and personal banking
services across the four western provinces and is the largest publicly traded
Canadian bank headquartered in Western Canada. The Bank, along with its
operating affiliates, National Leasing, Canadian Western Trust, Canadian
Direct Insurance, Valiant Trust, Adroit Investment Management, McLean &
Partners Wealth Management, and Canadian Western Financial, collectively offer
a diversified range of financial services across Canada and are together known
as the 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 www.cwb.com for additional information.
About The YMCA of Northern Alberta
The YMCA of Northern Alberta is a charitable, mission based organization
recognized for its vital role in strengthening the foundations of community
and dedicated to the development of thousands of people in spirit, mind and
body. The organization delivers services that include health, fitness and
recreation; child care; housing; day camping; leadership development;
immigrant support and social programming across northern Alberta including
Grande Prairie and providing administrative support for the YMCA of Wood
Buffalo. As one of the largest charities in Alberta there are more than
1,100 employees and 600 volunteers whose efforts are grounded in the values of
caring, honesty, respect, responsibility, diversity and social inclusion. Our
YMCA is dynamic, growing and forward thinking.
Angela Saveraux Community Investment Manager Canadian Western Bank Phone:
(780) 441-2257 E-mail:email@example.com
Janet Tryhuba General Manager, Relationship Development & Engagement YMCA of
Northern Alberta Phone: (780) 423-9602 E-mail:firstname.lastname@example.org
SOURCE: Canadian Western Bank
To view this news release in HTML formatting, please use the following URL:
CO: Canadian Western Bank
-0- Jul/03/2013 13:15 GMT
Press spacebar to pause and continue. Press esc to stop.