National Bank of Canada's $5-billion takeover of Canadian Western Bank has cleared its final regulatory hurdle.
National Bank of Canada's $5-billion takeover of Canadian Western Bank has cleared its final regulatory hurdle.
"This is great news for Canadians and will allow our two complementary banks to unite and enhance services for our clients," said Laurent Ferreira, president and CEO of National Bank, in a news release.The deal previously received approvals from the Office of the Superintendent of Financial Institutions and the Competition Bureau. Canadian Western Bank shareholders voted in favour of the transaction in September.
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