NBC completed the acquisition of Canadian Western Bank for $5.3bn.

National Bank of Canada, a commercial bank in Canada, completed the acquisition of Canadian Western Bank, a full-service bank, for $5.3bn. “Today is an exciting day for National Bank and marks a pivotal step in our history. This transaction will allow us to deliver a stronger banking choice for all Canadians and Canadian businesses. Our combined organization will provide customers with an expanded product and service offering nationally, while maintaining regional expertise. Thanks to CWB’s established roots in Western Canada, National Bank is expanding its operations. We will pull strengths from our collective network and further extend the depth and breadth of our banking capabilities,” Laurent Ferreira, National Bank President and CEO.