CWB Announces Change to Prime Lending Rate

EDMONTON, ALBERTA--(Marketwired - Jan. 28, 2015) - Canadian Western Bank (TSX:CWB)(TSX:CWB.PR.B) today announced that it is decreasing its prime lending rate from 3.00 per cent to 2.85 per cent, effective January 29, 2015.

About CWB 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 5 preferred shares trade on the Toronto Stock Exchange under the trading symbol "CWB.PR.B". Refer to www.cwb.com for additional information.

Matt Evans, CFA
Assistant Vice President, Investor Relations
Canadian Western Bank
Phone: [phone]
Email: [e-mail]

Peter Morrison
Senior Vice President, Business and Personal Banking
Canadian Western Bank
Phone: [phone]
Email: [e-mail]