´ºÉ«Ö±²¥ Bank reports $997M Q1 profit, up from $922M a year earlier

A ´ºÉ«Ö±²¥ Bank sign is seen on May 30, 2016 in Montreal. THE CANADIAN PRESS/Paul Chiasson

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MONTREAL - ´ºÉ«Ö±²¥ Bank of Canada says it has completed its acquisition of ´ºÉ«Ö±²¥ Western Bank.

The Montreal-based bank says integration activities will now begin as it looks forward to onboarding CWB clients and employees in the coming months.

´ºÉ«Ö±²¥ Bank chief executive Laurent Ferreira says the combined organization will provide customers with an expanded product and service offering nationally, while maintaining regional expertise. 

´ºÉ«Ö±²¥ Bank announced an all-stock deal to buy ´ºÉ«Ö±²¥ Western in June last year.

The takeover will see ´ºÉ«Ö±²¥ Bank expand further westward as it takes on CWB's Alberta and B.C.-focused operations.

CWB common shares are expected to be delisted from the Toronto Stock Exchange as of the close of business on Tuesday.

This report by ´ºÉ«Ö±²¥was first published Feb. 3, 2025.

Companies in this story: (TSX:NA, TSX:CWB)

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