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CWB National Leasing Acquires UMA Finance of New Brunswick

CWB National Leasing acquires UMA Finance of New Brunswick

CWB National Leasing

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FREDERICTON, NEW BRUNSWICK--(July 2, 2014) - CWB National Leasing Group Inc. (CWB National Leasing) is pleased to announce its acquisition of Norand Capital Ltd., operating as UMA Finance, a privately held commercial leasing company.

FREDERICTON, NEW BRUNSWICK--(July 2, 2014) - CWB National Leasing Group Inc. (CWB National Leasing) is pleased to announce its acquisition of Norand Capital Ltd., operating as UMA Finance, a privately held commercial leasing company headquartered in Fredericton, New Brunswick. The acquisition, effective July 1, 2014, advances CWB National Leasing's Eastern Canada growth strategy and is expected to benefit both companies. Additional terms of the transaction were not released.

"We expect UMA Finance will meaningfully contribute toward our growth objectives in Eastern Canada, especially in the forestry, transportation and construction industries," says Tom Pundyk, president of CWB National Leasing. "CWB National Leasing has been doing business in Atlantic Canada since 1995, and the opportunity to leverage the local expertise of the UMA Finance team will be a tremendous enhancement to our current customer offerings in this important growth region."

Led by Regional Sales Manager, Mark Roach, UMA Finance shares CWB National Leasing's commitment to providing the highest level of customer service at the local level.

"We are excited to join CWB National Leasing and leverage our combined strengths to benefit our customers," adds Mark Roach. "We will be the same local team providing the same local service, supported by the power of CWB National Leasing. Our employees will also benefit from CWB National Leasing's award-winning corporate culture and professional development opportunities. This is a true win-win for everyone."

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About CWB National Leasing

CWB National Leasing is Canada's equipment leasing expert. Through our agriculture, medical, golf and turf, and commercial equipment specialists, CWB National Leasing provides a full range of financing options to over 50,000 Canadian businesses. As a wholly-owned affiliate of Canadian Western Bank (TSX:CWB) CWB National Leasing is a proud member of the CWB Group of companies.

About UMA Finance

Since 1988, UMA Finance has provided commercial clients with expertise and responsive service that only local representatives can deliver. From a small start-up firm acquiring their first piece of equipment to a large industrial company with eyes on expansion, UMA Finance guides customers every step of the way. With representatives throughout Newfoundland and New Brunswick, UMA Finance is more than a financial partner, they are a neighbour.

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