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Banking in Canada
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Bank West Canada |
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Bank West
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Bank West is
a chartered bank that was founded in High River, Alberta in 2002. The bank
is wholly owned by Western Financial Group Inc. Western Financial Group
originally focused in insurance consolidation, expanding into banking in
2002. |
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The company
has been an aggressive consolidator of insurance agencies, and, as part of
its longer term plan, the group has been working hard to expand and offer
new and competitive financial products to its client base. It was this
thought and this commitment that led to the creation of Bank West. The bank
merged with and acquired Ubiquity Bank in November 2007 and Agrifinancial in
February 2009. The bank maintains offices in both High River and Winnipeg.
Bank West is also a broker-based bank where it raise the deposits through a
network of deposit brokers, including the financial services offices of the
affiliated companies which operate under the name 'Western Financial Group.'
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As the Bank don't have an
expensive branch network system, it can offer interest rates on the deposit
products that are often among the highest in the country. On the lending
side of the business, the Bank focus is on conventional and insured
residential first mortgages, commercial real estate, and farm real estate
lending in the markets including British Columbia, Alberta, Saskatchewan and
Manitoba.
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Bank West |
HQ
Address: |
1010-24th
Street SE
P.O. Box 5328
High River
AB T1V 2A7 |
Tel: |
1 888 440 2265 |
Fax: |
+1 403
652 2237 |
Website: |
www.bankwest.ca |
Banking Hours: |
Monday - Friday 10.00am - 4.30pm |
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Bank West also offers
personal installment loans and equipment financing for commercial and farm
customers. The head office is located in
High River, Alberta. The bank are a member of the Canada Deposit Insurance
Corporation (CDIC) and the deposits are eligible for deposit insurance.
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