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CWB Franchise Finance partners with Donnelly Group on term loan and development facilityCWB Franchise Finance, a division of CWB Financial Group, has provided a $12 million term loan and Development Line of Credit to Donnelly Group, owners of 14 pubs and cocktail bars in Vancouver and Toronto. The funds will be used to consolidate and refinance existing corporate debt and support future growth.
CWB reports strong second quarter financial performanceCanadian Western Bank (TSX: CWB) (CWB) today announced strong second quarter financial performance including very strong earnings growth from the same quarter last year, positive loan growth, strong growth of relationship-based branch-raised deposits, higher net interest margin, stable credit quality and very strong regulatory capital ratios. Pre-tax, pre-provision income (teb) of $90.8 million was up 4% and common shareholders’ net income of $47.6 million was 48% higher.
CWB Franchise Finance leads $80 Million loan facility syndication for Holloway LodgingCWB Franchise Finance, a division of CWB Financial Group, today announced it has provided an $80 million loan facility to Holloway Lodging Corp., owners of thirty-three hotels across Canada.
CWB joins Vancouver Sun Run as Corporate Team Division title sponsorCanadian Western Bank today announced its support of the Vancouver Sun Run as title sponsor of the Corporate Team Division for the next three years. The event is Canada’s largest 10K road race, with more than 40,000 participants and 2,300 volunteers.