Canadian Western Bank to Redeem First Preferred Shares Series 3

Canadian Western Bank to Redeem First Preferred Shares Series 3 
EDMONTON, ALBERTA -- (Marketwired) -- 03/24/14 --  Canadian Western
Bank (TSX: CWB) today reconfirmed its intention to redeem all of its
issued and outstanding non-cumulative 5-Year rate reset First
Preferred Shares Series 3 (the "Series 3 Preferred Shares") on April
30, 2014 (the "Redemption Date"). 
Pursuant to its option under the share provisions, CWB will redeem
the Series 3 Preferred Shares on the Redemption Date at a price of
$25.00 per share together with all declared and unpaid dividends. The
declared dividends payable on April 30, 2014 will be paid to
shareholders of record on April 23, 2014. 
The redemption of the Series 3 Preferred Shares has been approved by
the Office of the Superintendent of Financial Institutions and
required notice in accordance with the share provisions has been
issued to shareholders. 
CWB recommends shareholders consult with their tax advisors to
determine the appropriate treatment for and impact of the
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. CWB,
along with its operating affiliates, National Leasing, Canadian
Western Trust, Valiant Trust, Canadian Direct Insurance, Canadian
Western Financial, Adroit Investment Management, and McLean &
Partners Wealth Management, collectively offer a diversified range of
financial services across Canada and are together known as the CWB
Group. The common shares of Canadian Western Bank are listed on the
Toronto Stock Exchange under the trading symbol "CWB". CWB's Series 3
and Series 5 preferred shares trade on the Toronto Stock Exchange
under the trading symbols "CWB.PR.A" and "CWB.PR.B", respectively.
Refer to for additional information. 
Canadian Western Bank
Kirby Hill, CFA
Vice President, Strategy & Communications
(780) 441-3770 
Canadian Western Bank
Tracey Ball, FCA
Executive Vice President & CFO
(780) 423-8865
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