Bank of Alberta
The Bank of Alberta was chartered in 1984.
The bank commenced operations under the vision of Dr. Charles Allard and Eugene Pechet, starting with three employees working out of an office located in one of Mr. Pechet’s hotels in Edmonton, Alberta.
In 1988, the Bank of Alberta amalgamated with Western & Pacific Bank to become Canadian Western Bank (CWB). As of 2010, the CWB has total balance sheet assets of just under $11 billion, assets under administration of over $4 billion and assets under management approaching $1 billion.