Pacific & Western Bank of Canada (Bank) operates as a Schedule I bank under the Bank Act and is a member institution of Canada Deposit Insurance Corporation (CDIC). The Bank raises deposits through various deposit brokers located across Canada, and invests these deposits in loans, leases, commercial mortgages, residential development mortgages and debt of corporations. The Bank's deposit raising functions are located in Saskatoon, Saskatchewan. Deposits, consisting of guaranteed investment certificates and daily interest savings accounts, eligible for CDIC insurance, are raised through various deposit brokers located across Canada. The Bank's lending business is consists of lending and credit card operations. Commercial lending consists of commercial real estate lending, bulk finance, corporate loans and leases and public sector lending. The Bank also invests these funds in government guaranteed securities, which are held for liquidity management purposes.