CWB Announces Election of Directors

EDMONTON, ALBERTA--(Marketwired - March 4, 2016) - Canadian Western Bank (CWB.TO) today announced that all nominees listed in the management proxy circular dated January 4, 2016 were elected as directors of CWB. Detailed results of the vote for the election of directors held yesterday in Edmonton at CWB's Annual General Meeting are set out below.

Election of Directors

On a vote by ballot, each of the 11 nominees proposed by management was elected as a director of CWB:

Nominee	Votes For		% For		Votes Withheld		% Withheld
Albrecht W.A. Bellstedt, Q.C.	36,991,820		87.16		5,449,074		12.84
Andrew J. Bibby	41,795,915		98.48		644,979		1.52
Christopher H. Fowler	42,103,486		99.20		337,408		0.80
Linda M.O. Hohol	41,560,094		97.92		880,800		2.08
Robert A. Manning	38,854,023		91.55		3,586,871		8.45
Sarah A. Morgan-Silvester	42,252,400		99.56		188,494		0.44
Robert L. Phillips, Q.C.	39,435,224		92.92		3,005,670		7.08
Raymond J. Protti	41,599,342		98.02		841,552		1.98
Ian M. Reid	41,006,111		96.62		1,434,783		3.38
H. Sanford Riley	40,496,636		95.42		1,944,258		4.58
Alan M. Rowe	41,342,302		97.41		1,098,592		2.59

About Canadian Western Bank Group

CWB Group (CWB) is a diversified financial services organization serving businesses and individuals across Canada. Operating from its headquarters in Edmonton, Alberta, CWB's key business lines include full-service business and personal banking offered through 41 branches of Canadian Western Bank and Internet banking services provided by Canadian Direct Financial (CDF). Highly responsive specialized financing is delivered under the banners of CWB Equipment Financing, National Leasing, CWB Maxium Financial and CWB Optimum Mortgage. Trust Services are offered through Canadian Western Trust. Comprehensive wealth management offerings are provided through CWB Wealth Management, which includes the businesses of Adroit Investment Management, McLean & Partners Wealth Management and Canadian Western Financial. As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols "CWB" (common shares) and "CWB.PR.B" (Series 5 Preferred Shares). Learn more at www.cwb.com.