Eugene Pechet
Encyclopedia
Eugene Pechet was a Canadian hotelier and banker. He bought his first hotel in 1942 and went on to build and operate 22 hotels throughout Western Canada and the United States.
, formerly the Bank of Alberta
. They started the bank with three employees working out of an office located in one of Mr. Pechet’s hotels. As of 2010, the CWB has total balance sheet assets of just under $12 billion, assets under administration of over $8 billion and assets under management approaching $1 billion.
Banking industry involvement
With Charles Allard, Pechet also founded the Canadian Western BankCanadian Western Bank
The Canadian Western Bank is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commercial clients in Western Canada.-History:...
, formerly the Bank of Alberta
Bank of Alberta
The Bank of Alberta was a bank based in Edmonton, Alberta, Canada. It was chartered in 1984.The Bank later became part of Canadian Western Bank , and was formed during a challenging economic environment that pushed many competitors to reign in their activities in key western markets...
. They started the bank with three employees working out of an office located in one of Mr. Pechet’s hotels. As of 2010, the CWB has total balance sheet assets of just under $12 billion, assets under administration of over $8 billion and assets under management approaching $1 billion.