Worldsource Financial Management Inc. will commence distributing the GICs of Pacific & Western Credit Corp.’s wholly-owned subsidiary, Pacific & Western Bank of Canada.

Worldsource has over 90 offices, 80,000 clients and $4.8 billion in assets under administration and is a member of the Guardian Capital Group of companies.

“We are pleased to have the opportunity to offer our GICs and high interest savings accounts to Worldsource’s clients,” said David Taylor, president and CEO of Pacific & Western. “This new relationship furthers our corporate strategy to diversify and expand our deposit base.”

PWBank, a Schedule I chartered bank, is a branchless financial institution with over $1.2 billion in assets. PWBank specializes in providing innovative financing to large corporate and government entities including hospitals, school boards, universities and colleges, municipalities and provincial and federal government agencies. With no retail operations or storefronts, PWBank is one of the most efficiently operating financial institutions in Canada. These overhead savings translate into very competitive interest rates for our clients.