LONDON, Ontario--(BUSINESS WIRE)--Pacific & Western Bank of Canada (TSX:PWB) opened the market at Toronto Stock Exchange this morning as part of a celebration of its recently completed initial public offering. David Taylor, President & Chief Executive Officer, was joined by PWB’s Board of Directors as well as members of the senior executive of PWB.
"We were delighted with the invitation by TMX Group to host a listing ceremony for Pacific & Western Bank of Canada, and to have the opportunity to sound the siren for today’s TSX market opening. The completion of our IPO was a significant milestone in the development of PWB, and it is terrific to celebrate this with Toronto Stock Exchange,” said Mr. Taylor.
PWB completed its IPO on August 27, 2013, and with the exercise of an over-allotment option three weeks later, raised gross proceeds of $12.5 million, with 1,725,000 Common Shares sold.
A video of the listing ceremony may be viewed at www.tmx.com.
Pacific & Western Bank of Canada, a Canadian Schedule I bank, raises deposits through a network of deposit brokers located across Canada, and invests these deposits in loans, leases, commercial mortgages, residential development mortgages and debt of corporations.
Pacific & Western Bank of Canada’s Common Shares trade on Toronto Stock Exchange under the symbol PWB.