Deal adds scope and diversification to CWB’s existing financing business
Revenue climbs to $90.1 million
Quarterly profit up 9%
Cuts to prime lending rate squeeze bank's net interest margin
Impaired loans sharply higher than a year ago
Bank wants to play a greater role in a province that’s “going places”
Private placement to raise $135 million
Loan growth of 6% in the quarter
Wealth management firm a new line of business for bank
Adroit acquisition is part of strategy to enhance the bank’s revenue diversification and earnings growth