New CWB National Headquarters To Be Built In Edmonton’s ICE District

Canada’s Bank For Business Owners Announced As The Anchor Tenant In Ice District’s Last Available Tower That Overlooks Ice Plaza

February 28, 2022 (Edmonton, Alberta) CWB Financial Group (TSX: CWB) and ICE District Properties are excited to confirm CWB as the anchor tenant in ICE District’s final tower overlooking ICE Plaza. This move cements Edmonton as CWB’s corporate home in the city where it was founded by local entrepreneurs 38 years ago. Since that time, CWB has grown its presence nationally, built an award-winning culture, and achieved $1 billion in annual revenue in its most recent fiscal year. CWB has also emerged as a clear alternative for small- and medium-sized business owners who desire its proactive, personalized approach to banking, specialized lending, trust and wealth management.

“We’re proud to be part of Edmonton’s vibrant business community, and this city has been and always will be our home,” says Chris Fowler, Chief Executive Officer, CWB. “This investment comes on the heels of our continued expansion across Canada, particularly in Ontario, and positions us well for the future of work. We’ve found in ICE District a space designed to offer the flexibility, collaboration and preferred workstyles our employees are asking for, and we’re confident this new headquarters will continue to put CWB on the map as a destination for top talent.”

CWB employees will benefit from ample amenities in ICE District, including nearby restaurants, retail shopping, public plaza, fitness facilities and grocer, 3,000 new underground parking stalls, close proximity to LRT, and access to downtown’s pedway network. Flexible workspaces and fluid design will hallmark the street-level banking centre, second floor lobby and office floors above. Designed to LEED Gold and WELL Gold Standards, the tower will also maintain a focus on environmentally sustainable building standards.

“We are beyond excited to welcome CWB to ICE District, the largest mixed-used sports and entertainment hub in Canada,” says Tim Shipton, Executive Vice President, ICE District. “This tower will represent a new standard for office space, contributing to ICE District’s expansive views and stunning architecture, all in the epicenter of Edmonton’s downtown. Much like award-winning Rogers Place arena, CWB’s new corporate headquarters overlooking ICE Plaza will create a vibrant and inviting place for clients and employees—just steps away from the biggest concerts, Oilers and Oil Kings hockey, shopping, dining, gaming and luxury accommodation.”

Construction of the new tower is underway with tenant occupancy expected in 2025.