CWB Announces Election of Directors

EDMONTON, ALBERTA--(Marketwired - March 6, 2015) - Canadian Western Bank (CWB.TO) today announced that all nominees listed in the management proxy circular dated January 2, 2015 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 12 nominees proposed by management was elected as a director of CWB:

Nominee	Votes For	% For	Votes Withheld	%Withheld
Albrecht W.A. Bellstedt	44,385,922	96.81	1,464,812	3.19
Andrew J. Bibby	45,605,887	99.47	244,847	0.53
Christopher H. Fowler	45,543,424	99.33	307,310	0.67
Linda M.O. Hohol	45,624,052	99.51	226,682	0.49
Allan W. Jackson	44,475,422	97.00	1,375,312	3.00
Robert A. Manning	45,187,707	98.55	663,027	1.45
Sarah A. Morgan-Silvester	45,644,891	99.55	205,843	0.45
Robert L. Phillips	44,219,161	96.44	1,631,573	3.56
Raymond J. Protti	45,746,725	99.77	104,009	0.23
Ian M. Reid	44,876,296	97.87	974,438	2.13
H. Sanford Riley	36,053,643	78.63	9,797,091	21.37
Alan M. Rowe	45,197,424	95.58	653,310	1.42

About Canadian Western Bank Group

Canadian Western Bank offers a full range of business and personal banking services across the four western provinces and is the largest publicly traded Canadian bank headquartered in Western Canada. CWB, along with its operating affiliates, National Leasing, Canadian Western Trust, Valiant Trust, Canadian Direct Insurance, Canadian Western Financial, Adroit Investment Management, and McLean & Partners Wealth Management, collectively offer a diversified range of financial services across Canada and are together known as the CWB Group. The common shares of Canadian Western Bank are listed on the Toronto Stock Exchange under the trading symbol "CWB". CWB's Series 5 preferred shares trade on the Toronto Stock Exchange under the trading symbol "CWB.PR.B". Refer to www.cwb.com for additional information.