Zag Bank

Zag Bank
Subsidiary
Industry Bank
Founded 2002
Headquarters Calgary, Alberta
Key people
 David Raju, president & chief executive officer
Products Financial services
Number of employees
 66
Parent Desjardins Group
Website www.zagbank.ca

Zag Bank (formerly Bank West) is a chartered bank that was founded in High River, Alberta in 2002. The bank is wholly owned by Desjardins Group.

The Western Financial Group initially focused on insurance consolidation, but expanded into banking in 2002, when Bank West was established. The bank maintained offices in High River and Winnipeg. The bank acquired Ubiquity Bank in November 2007 and Agrifinancial in February 2009.[1] In 2010, Western Financial was acquired by the Desjardins Group[2] and the transaction was completed in 2011.[3] In 2014, the Desjardins Group changed the name of Bank West to Zag Bank.[4]

See also

References

  1. ↑ "Western Financial Group Inc. and Bank West Announce Completion of Acquisition of AgriFinancial". Bank West. Retrieved 2011-03-07.
  2. ↑ "UPDATE: Desjardins Boosts Western Presence With Western Financial Buy DECEMBER 24, 2010". Wall Street Journal. 2010-12-24. Retrieved 2011-03-07.
  3. ↑ "Desjardins Financial Group Acquires 95.5 % of Outstanding Common Shares of Western Financial Group". Western Financial Group. 2011-04-19. Retrieved 2014-01-02.
  4. ↑ "2014 Desjardins Group Annual Report (see pages 54 and 144 of the Annual Report in PDF format)". Desjardins Group. Retrieved 2015-05-27.
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