Zag Bank
Zag Bank is a chartered Canadian bank that ended its business by the second quarter of 2019. Previously known as Bank West, it was founded in High River, Alberta in 2002. The bank is wholly owned by Desjardins Group.
The Western Financial Group initially focused on insurance consolidation, but expanded into banking in 2002, when Bank West was established. The bank maintained offices in High River and Winnipeg. The bank acquired Ubiquity Bank in November 2007 and Agrifinancial in February 2009.
In 2010, Western Financial was acquired by the Desjardins Group and the transaction was completed in 2011.
In 2014, the Desjardins Group changed the name of Bank West to Zag Bank.
