Type Subsidiary Products Financial services Founded 2002 Number of employees 66 | Industry Bank Website www.zagbank.ca Headquarters Calgary, Canada | |
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Key people David Raju, President & Chief Executive Officer Parent organizations Desjardins Group, Western Financial Group Inc. Profiles | ||
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. In 2010, Western Financial was acquired by the Desjardins Group and the transaction was completed in 2011. In 2014, the Desjardins Group changed the name of Bank West to Zag Bank.
References
Zag Bank Wikipedia(Text) CC BY-SA