National Bank to buy Canadian Western Bank

National Bank of Canada is purchasing Canadian Western Bank in a share exchange that values the Edmonton-based lender at approximately $5 billion. “This transaction is about growth and brings together two great banks with a complementary footprint in personal and commercial banking, and supports our objectives in Western Canada and across the country,” said Laurent Ferreira, president and CEO of National Bank, in a statement. “CWB has developed an attractive banking franchise with a reputation for exceptional service with deep …