Canadian Western Bank (CWB) has notable insider buying

Canadian Western Bank (T:CWB)

Canadian Western Bank (CWB) has a high amount of executive buying compared to its mid-cap peers over the past three months. Maria Filippelli, a Director, acquired 6,500 Common Shares on an indirect ownership basis for registered holder Baytree Advisors Inc. at prices ranging from $26.790 and $26.910 through the public market between January 19th, 2023 and January 20th, 2023. This represents a $174,677 investment into the company's shares and an account share holdings change of greater than 100%.

Canadian Western Bank is a Canada-based diversified financial services company. The Company provides full-service business and personal banking, specialized financing, wealth management offerings, and trust services. It offers a range of general commercial loans, commercial mortgages, personal loans and mortgages, equipment financing and leasing, real estate project loans, and oil and gas production loans. The Company's has its operations in British Columbia, Alberta, Ontario, Saskatchewan, Quebec, and Manitoba. It provides general commercial lending service to a range of industries, such as manufacturing, construction, transportation, retail trade, hospitality, healthcare, professional services, and wholesale trade. Its operating subsidiaries include CWB National Leasing Inc., CWB Maxium Financial Inc., Canadian Western Trust Company, and CWB Wealth Management Ltd., including CWB McLean & Partners Wealth Management Ltd. and Canadian Western Financial Ltd.