Canadian Western Bank : Sarah Morgan-Silvester, CWB Director, named one of Canada's Most Powerful Women

EDMONTON, November 22, 2018 - CWB Financial Group (CWB) is excited to congratulate Sarah Morgan-Silvester, on her recognition as one of Canada's Most Powerful Women: Top 100. WXN's Top 100 Awards bring together individuals focused on creating opportunities to learn from each other, enrich careers and make a difference for female colleagues. It opens doors for women to achieve higher levels of excellence by proving that, with perseverance and dedication, opportunities increase for all female leaders to have an impact at the highest organizational levels.

'Sarah is an exceptional leader,' said Chris Fowler, CWB's president and chief executive officer. 'She displays a remarkably strong knowledge of governance process, and leads in an engaging, genuine way. Sarah has been an incredible asset to our organization, helping to evolve our enterprise risk management framework and supporting our diversity and inclusion strategies. She's spent her career building and advocating for diverse and inclusive environments, particularly for women, and we've benefited from her vast knowledge and enthusiasm for this work.'

CWB is proud to have four of Canada's Most Powerful Women: Top 100 Award recipients amongst its leadership team. Carolyn Graham, executive vice president and chief financial officer, was named to the list in 2017, following directors Linda Hohol (2007) and Margaret (Peggy) Mulligan (2003, 2004).

About CWB Financial Group
CWB Financial 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 multiple branch locations, including the CWB Virtual Branch, and online banking services provided by Motive Financial. Highly responsive specialized financing is delivered under the banners of CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial, CWB Franchise Finance 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 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), 'CWB.PR.B' (Series 5 Preferred Shares) and 'CWB.PR.C' (Series 7 Preferred Shares). Learn more at www.cwb.com.

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For more information:

Angela Saveraux
Assistant Vice President, Marketing and Public Relations
CWB Financial Group
Phone: [phone]
Email : [e-mail]

EDMONTON, November 22, 2018 - CWB Financial Group (CWB) is excited to congratulate Sarah Morgan-Silvester, on her recognition as one of Canada's Most Powerful Women: Top 100. WXN's Top 100 Awards bring together individuals focused on creating opportunities to learn from each other, enrich careers and make a difference for female colleagues. It opens doors for women to achieve higher levels of excellence by proving that, with perseverance and dedication, opportunities increase for all female leaders to have an impact at the highest organizational levels.

'Sarah is an exceptional leader,' said Chris Fowler, CWB's president and chief executive officer. 'She displays a remarkably strong knowledge of governance process, and leads in an engaging, genuine way. Sarah has been an incredible asset to our organization, helping to evolve our enterprise risk management framework and supporting our diversity and inclusion strategies. She's spent her career building and advocating for diverse and inclusive environments, particularly for women, and we've benefited from her vast knowledge and enthusiasm for this work.'

CWB is proud to have four of Canada's Most Powerful Women: Top 100 Award recipients amongst its leadership team. Carolyn Graham, executive vice president and chief financial officer, was named to the list in 2017, following directors Linda Hohol (2007) and Margaret (Peggy) Mulligan (2003, 2004).

About CWB Financial Group
CWB Financial 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 multiple branch locations, including the CWB Virtual Branch, and online banking services provided by Motive Financial. Highly responsive specialized financing is delivered under the banners of CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial, CWB Franchise Finance 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 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), 'CWB.PR.B' (Series 5 Preferred Shares) and 'CWB.PR.C' (Series 7 Preferred Shares). Learn more at www.cwb.com.

- 30 -

For more information:

Angela Saveraux
Assistant Vice President, Marketing and Public Relations
CWB Financial Group
Phone: [phone]
Email : [e-mail]