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Fourth Quarter & Annual Results

BANKING ON INNOVATION ANNUAL GENERAL MEETING March 24,. Fourth Quarter & Annual Results. 2011. David Taylor , President & Chief Executive Officer Barry Walter, Senior Vice President & Chief Financial Officer John Asma , Senior Vice President, Treasury

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Fourth Quarter & Annual Results

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  1. BANKING ON INNOVATION ANNUAL GENERAL MEETING March 24, Fourth Quarter & Annual Results 2011

  2. David Taylor,President & Chief Executive Officer Barry Walter, Senior Vice President & Chief Financial Officer John Asma, Senior Vice President, Treasury Neil Beaton, Senior Vice President, Strategic Initiatives Ross Duggan, Senior Vice President, Lending Nick Kristo, Senior Vice President, Credit & Administration Jonathan Taylor, Senior Vice President, Operations & Human Resources Shawn Clarke, Vice President, Chief Risk Officer & Chief Information Officer Moe Danis,Vice President, Lease Finance Tel Matrundola, Vice President, Public & Corporate Affairs Richard Vanlerberghe, General Counsel & Corporate Secretary Wade MacBain, Director, Investor Relations Officers

  3. Directors Scott Ritchie, Chairman (PWC & PWB) David Bratton, (PWC & PWB) Arnold Hillier, (PWC & PWB) William Mitchell, (PWC & PWB) Paul Oliver, (PWC & PWB)Robbert-Jan Brabander, (PWB) Colin Litton, (PWB & PWC)

  4. Auditor KPMG LLP

  5. BANKING ON INNOVATION ANNUAL GENERAL MEETING March 24, Fourth Quarter & Annual Results 2011

  6. Director Nominees for PWC David Bratton Arnold Hillier Colin Litton William Mitchell Paul Oliver Scott Ritchie David Taylor

  7. Auditor KPMG LLP

  8. BANKING ON INNOVATION ANNUAL GENERAL MEETING March 24, Fourth Quarter & Annual Results 2011

  9. Advisory The Corporation occasionally makes forward-looking statements about its objectives, operations and targeted financial results. These statements may be written or verbal and may be included in such things as press releases, corporate presentations, Annual Reports and other disclosure documents and communications. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. A number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, the strength of the Canadian economy in general and the strength of local economies within Canada in which we conduct operations; the effect of changes in interest rates; the effects of competition in the markets in which we operate; capital market fluctuations; and, the impact of changes in laws and regulations. When relying on forward-looking statements to make decisions, investors and others should carefully consider these factors and other uncertainties or potential events. The Corporation makes no undertaking to update any forward-looking statement that is made from time to time by the Corporation.

  10. About Us The Vision A branchless financial institution that would use new technologies and existing distribution channels to attain unprecedented efficiency levels and return on equity. Our Mission To Maximize the value of our common shares and total return to our shareholder over time, by providing innovative financial solutions to our clients in selected niche markets. Who We Are TSX listed holding company of Pacific & Western Bank of Canada (PWB) and Versabanq Innovations Inc.(VBI) Head office London, Ontario PWB is celebrating its 31st anniversary as a Financial Institution PWB became a Schedule 1 Canadian Chartered Bank August 1, 2002 PWB uses a nationwide branchless Commercial Bank model $1.4 Billion in Assets $1.0 Billion in Loans and Leases Significant growth potential

  11. Summary Highly efficient entrepreneurial Schedule 1 bank with low risk lending strategy taking advantage of lucrative niche lending opportunities Northern Property Real Estate Investment Trust & Affiliates Five Nations Energy Inc. Commercial Lending Leasing Other John Labatt CentreLondon, ON “Creating Shareholder Wealth”

  12. Our Strengths Nationwide, Diverse and Highly Reliable Funding Source Very Scalable Infrastructure State of the Art Financial Services Software High Quality Loan Portfolio with Negligible Losses “The Low Cost Producer” Public Listed HoldCo of Schedule 1 Chartered Bank $1.0 Billion in Loans and Leases $1.4 Billion in Total Assets

  13. Corporate Structure TSX SYMBOL: PWC

  14. Bank Model Deposit Gathering Activities Financing Activities Government-Sponsored Projects Syndications with Other Canadian Banks Lease & Loan Financing for Commercial and Government Entities Commercial & Residential Construction Projects Residential Multi-Family Mortgages Deposit Broker Services Flow of Funds Over 100 Deposit Gathering Entities Specializing in Innovative Financing for Public and Corporate Entities Capital

  15. Performance Highlights Tier 1 Capital Ratio Net Interest Margin Regulatory Capital Lending Assets Net Income Revenue • Significant improvements across all major financial and operating categories from 2009 to 2010 Pacific & Western Bank of Canada (C$ mm) (C$ mm) 112.0% 75.9% 47.3% (C$ mm) (C$ mm) 3.8% 2.9% 5.7%

  16. Deposit Network Percentage of Investment Advisors by Province 1 0.0% 0.6% 18.0% 11.8% 8.2% 4.2% 6.9% 0.2% 47.0% 1.3% 1.8% 1. Actual percentage amount = 0.03% for Yukon Territory

  17. Lending Operations Percentage of Lending Assets by Province 3.6% 2.0% 0.3% 5.6% 4.4% 0.9% 1.2% 1.3% 2.2% 0.2% 78.4% 1 0.0% 1. Actual percentage amount = 0.03% for Nova Scotia

  18. Historical Financial Overview • Strong track record of growth in all major financial and operating metrics Lease Portfolio Growth Net Interest Income Regulatory Capital Total Assets

  19. Balance Sheet • Commercial Loans & Leases and Government Loans & Leases account for 39.6% and 17.7% of balance sheet assets respectively 2010 Annual Balance Sheet Analysis

  20. Key Performance Metrics • Significant improvement in loan spread contributing to positive net earnings Pacific & Western Bank –Loan Spread Pacific & Western Bank – Net Earnings

  21. Update on Special Initiatives September 2010, appoint Moe Danis, VP Leasing December 2010, first $43 million Bulk Leasing funded February 2011, appoint Jason Patterson, Assistant VP, Credit and Admin February 2011, sign letter of Intent with Home Hardware to provide financing for Homecard program March 2011, appoint Kerry McDowell, VP Credit Card Services Bulk Leasing Program Home Card Program

  22. Financial Overview Market Capitalization Share Price Performance 1 2 1 1. Fully-diluted shares outstanding and book value per share includes 1,000,000 common shares issued by way of a private placement on February 4, 2011 for cash proceeds of $3.1 million 2. On February 25th, 2011, the Corporation converted a short term note of $5.0 million, maturing April 2012, into a Series C note in the amount of $4.9 million

  23. Goals & Objectives Ridgeview Lodge; a 129 unit care facility in Kamloops

  24. BANKING ON INNOVATION ANNUAL GENERAL MEETING March 24, Fourth Quarter & Annual Results 2011

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