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PACIFIC &; WESTERN BANK APPOINTS VICE PRESIDENT, LEASE FINANCING

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^{Published in Business and Finance on Wednesday, September 29th 2010 at 8:00 GMT by Market Wire}  

LONDON, ON, Sept. 29 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) today announced an executive appointment at PWC's wholly owned subsidiary, Pacific & Western Bank of Canada (PWBank).

Moe Danis has been appointed Vice President, Lease Financing. Moe has over 33 years experience in the finance and banking industry, including 23 years with a large Canadian insurance company where he was a senior manager responsible for lease financing. Moe holds a CFA designation and is an Associate of the Institute of Canadian Bankers.

David Taylor, President & Chief Executive Officer, stated, "Moe is a great addition to our lending team. I have known him for many years and he is well known and respected in the lease financing industry. He will play a large part in PWBank's continued growth and success."

Pacific & Western Bank of Canada, a Canadian Schedule I chartered bank, is a branchless financial institution. PWBank specializes in providing financing throughout Canada to well established corporations and government entities, including hospitals, school boards, universities and colleges, municipalities, provinces and territories, and federal government agencies.

Pacific & Western Bank of Canada is wholly owned by Pacific & Western Credit Corp., whose shares trade on the TSX under the symbol PWC.

Investor Relations: Wade MacBain, Director, (800) 244-1509, [ wadem@pwbank.com ]; Public Relations & Media: Tel Matrundola, Vice-President, (866) 787-9936, [ telm@pwbank.com ]

To receive company news releases, please contact: Carla McPhee at [ carlam@pwbank.com ], (519) 675-4204