Pacific & Western Credit Corp. today announced that Investment Planning Counsel of Canada Ltd. has agreed to distribute deposit products of PWC’s subsidiary, Pacific & Western Bank of Canada.
Founded in 1993, IPC has one of Canada’s largest networks of independent financial planners with over 900 representatives in 300 offices across Canada. With over 120,000 clients and $7 billion in assets under administration, IPC subsidiaries include a mutual fund dealer and an IDA-member firm.
PWB’s deposit operations are headquartered in Saskatoon. Using a broad network of financial planners and deposit brokers located in almost every region across Canada, PWB processed over $730 million in deposits last year.
David Taylor, President & C.E.O., said in a release, “We are pleased to have the opportunity to offer our GICs to IPC’s clients across Canada. These new relationships further our corporate strategy to diversify and expand our deposit base.”
Pacific & Western Bank of Canada is a branchless financial institution with approximately $750 million in assets, specializing in providing financing for hospitals, schools, municipalities and other public sector entities
Pacific & Western Bank announces deposit deal
IPC signs on as a national deposit gathering partner
- By: IE Staff
- September 4, 2002 September 4, 2002
- 13:10