GMP Securities L.P. has signed an agreement to distribute the GICs Pacific & Western Bank of Canada, Pacific & Western Credit Corp. (TSX:PWC) said Wednesday.

“GMP Securities is a welcome addition to our growing network of deposit agents. This relationship furthers our corporate strategy to diversify and expand our deposit base,” said David Taylor, president and CEO, Pacific & Western.

Based in London, Ont., Pacific & Western Bank of Canada is a Canadian Schedule I chartered bank, is a branchless financial institution. It is wholly owned by Pacific & Western Credit Corp.

IE