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Email this1:46 pm
April 6, 2013
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It is done:
National Bank completes acquisition of Canadian Western Bank
Intention is to amalgamate and not keep Canadian Western Bank as a wholly-owned bank:
Following such exchanges and redemptions and certain other corporate actions, National Bank and CWB intend to amalgamate, with the resulting entity assuming the obligations of its predecessors, including the obligations of CWB under its outstanding NVCC Subordinated Debentures. The amalgamation is expected to occur on March 1, 2025.
8:23 am
December 20, 2019
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If Motive>National is going to be anything like Hubert>Access then we are in trouble.
Anticipating this I moved to Saven because I can't help feeling that our days of top tier interest at Motive are numbered. I have not seen one instance yet where a buyout turned out to be advantageous to existing clients.
I hope I'm wrong and the online version of Motive stays untouched but one quick look at the Motive website and you get the feeling they will be swallowed up pretty fast.
Pity!
9:40 am
January 12, 2019
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.
No offence KamWest, but I would Differ ⬆
Motives GIC rates have been 'Uninspiring' for quite some time now, and their website remains one of the Worst in the FI industry.
If the NBoC ends up giving Motive 'The Punt', they'll be No Tears shed here.
- Dean
" Live Long, Healthy ... And Prosper! "
9:51 am
December 20, 2019
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Dean said
.
No offence KamWest, but I would Differ ⬆Motives GIC rates have been 'Uninspiring' for quite some time now, and their website remains one of the Worst in the FI industry.
If the NBoC ends up giving Motive 'The Punt', they'll be No Tears shed here.
Dean
Yes, I agree, that is why I switched to Saven but that said Motive is still industry leading but I think they have probably dropped because of the expected buyout.
If you use SAVEN only as a savings vehicle then they are hard to beat. I use Meridian as my daily driver because of business and they give me a great deal on the personal end but spare funds get moved to saven where I can set it and forget it.
I moved around for years but in the last couple of years saven has been at the top or near the top which is good enough for me.
The PC Financial stuff is temporary, we know that so I'm not willing to switch for a temporary gain.
8:35 am
March 15, 2019
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Norman1 said
It is done:National Bank completes acquisition of Canadian Western Bank
Intention is to amalgamate and not keep Canadian Western Bank as a wholly-owned bank:
Following such exchanges and redemptions and certain other corporate actions, National Bank and CWB intend to amalgamate, with the resulting entity assuming the obligations of its predecessors, including the obligations of CWB under its outstanding NVCC Subordinated Debentures. The amalgamation is expected to occur on March 1, 2025.
"Intention is to amalgamate and not keep Canadian Western Bank as a wholly-owned bank:"
Amalgamation probably means less overlapping. Could mean some staff cuts or maybe not because National Bank did not have a large presence in the west.
8:49 am
December 20, 2019
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Well if nothing else the name change is much broader
West to National has a higher potential, but then again some western clients probably picked them because they were western.
Time will tell if it was a good move or not.
5:09 am
February 6, 2019
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I am looking at becoming a new client to get the special offer (4.75% for 120 days) which ends on Feb. 14th.
Never used Motive Financial before.
Any thoughts?
7:20 am
March 15, 2019
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rk said
I am looking at becoming a new client to get the special offer (4.75% for 120 days) which ends on Feb. 14th.
Never used Motive Financial before.
Any thoughts?
Interesting. By new client, does that new to the merged entity? Or, does it mean no former clients of the old National Bank and/or the old Motive?
7:41 am
April 6, 2013
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The amalgamation has not occurred yet. National Bank of Canada and Canadian Western Bank are still two banks.
9:34 am
February 6, 2019
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COIN said
Interesting. By new client, does that new to the merged entity? Or, does it mean no former clients of the old National Bank and/or the old Motive?
High level:
- be a new Motive client after November 30, 2024;
- not have been a client of Motive Financial during the six month period preceding the start date of the Offer Period; and
- open an eligible Motive Savvy Savings account during the Offer Period as the primary accountholder.
The full details are here:
https://www.motivefinancial.com/en/savvy-savings-account
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