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NEWS RELEASE - Friday, January 25, 2019

Concentra Bank Names Martha Moen New Head of Concentra Trust

Concentra Bank announces Martha Moen, a dynamic, high energy, and experienced leader, as the new Head of Concentra Trust, effective January 21, 2019.

"Martha is an exceptional leader with an extensive background in retail banking, strategy, and wealth management," said President and Chief Executive Office, Don Coulter.  "Wealth and trust are a strategic focus for the Bank. With Martha at the helm guiding the Trust company, we will enter the next phase of growth for the Trust business and further our strategic objectives."

As Head of Trust, Moen will work closely with the Board, Executive Team, and senior management in leading the Trust team. Moen will be responsible for the overall management, supervision, and strategic execution across all business lines within Concentra Trust.

Moen remarked, "I'm thrilled to take on this role with Concentra Bank and build on the exciting opportunities ahead for the Trust company."

Moen's career in banking spans almost two decades at CIBC. She thrives in designing growth strategies, transformational initiatives and strong execution skills to drive exceptional client, financial and organizational change-management results.

Prior to CIBC, Moen held management positions at Ernst & Young, and provided Financial Institution clients with strategy, merger integration and program management consulting services.

About Concentra Bank
Concentra Bank currently has over $9.7 billion in total assets and offers a wide range of financial solutions including specialized banking, consumer finance, treasury, and wealth management solutions to business owners, consumers, and credit unions nationwide.

We form strategic partnerships to deliver industry-best solutions to our customers. We strive to be among the most trusted organizations in Canada by providing superior customer service and delivering on our purpose.

Concentra Trust is a wholly-owned subsidiary of Concentra Bank with $33 billion in assets under administration. Concentra Trust provides estate planning, wealth management and registered plans to over 200 credit unions and their members across Canada. Concentra Trust also provides Trust services to non-credit union members through strategic partnerships.

Media Relations:

Tracy Laschilier
P: 306-956-4952