March 7 (Reuters) - Pacific & Western Bank of Canada PWB.TO :
* Pacific & Western Bank & PWC Capital announce strategic reviews; pacific &
western bank announces $5 million equity financing
* Says pwb and PWC have each formed independent special committees to advise
their respective boards of directors
* Says during the period it is expected that each of pwb and PWC will continue
to operate in the ordinary course
* Pwb's special committee engaged rbc capital markets as financial advisor in
connection with strategic review process
* Pwb reached agreement with 340268 Ontario ltd; 340268 will subscribe for $5
million of pwb common shares
* Proceeds from private placement will be used to fund on-going growth,lending
activity by pwb
* Source text for Eikon ID:nCNW5TmLBa
* Further company coverage PWB.TO