In the Media
Pacific & Western Bank Celebrates 30th AnniversaryProvincial Point of View update from Ken Cheveldayoff, MLA Saskatoon Silver Springs
June 23, 2010
It was an honour to bring greetings on behalf of Enterprise Saskatchewan, Premier Brad Wall, and our provincial government on the occasion of the 30th anniversary of Pacific and Western Bank. I reminded the staff and clients that these are good times to be living and working in Saskatchewan.
Pacific and Western is part of the Saskatchewan success story, and not simply by virtue of its presence in our province. Thirty years of doing business doesn't happen by accident. With a total of $1.4 billion in assets and $950 million in loans and leases, the organization is actively participating in our province's growth, and has a significant stake in it as a financial institution.
The innovation of Pacific and Western's branchless model is also the kind of thing we like to see in Saskatchewan. The bank specialty in providing financing throughout Canada to well-established corporations and government entities is unique. These beneficiaries include hospitals, school boards, universities and colleges, municipalities, provinces and territories and federal agencies.
PWBank was originally formed by Saskatchewan residents and opened its doors right here in Saskatoon 30 years ago. Known for pioneering the electronic transfer of data from its agents directly to the bank's computer systems, the organization has also done tremendous work with University of Saskatchewan graduates.
Pacific Western Bank has a well-earned reputation as one of Canada's most innovative financial institutions. Congratulations on reaching this important milestone. I wish continued success and security for you and for the clients you serve so well.
Ken Cheveldayoff, MLA for Saskatoon Silver Springs