Canadian Banc Corp. Announces Treasury Offering

Canadian Banc Corp. (the "Company") is pleased to announce it has filed a short
form prospectus in each of the provinces of Canada with respect to an additional
offering of Preferred Shares and Class A Shares (a "Unit") of the Company. The
offering price per Unit is expected to be in line with current market prices.
The offering will be co-led by National Bank Financial Inc., CIBC World Markets
Inc., RBC Capital Markets and TD Securities Inc.


The net proceeds of the treasury offering will be used by the Company to invest
in a portfolio of six publicly traded Canadian Banks as follows:




Bank of Montreal          Canadian Imperial Bank    Royal Bank of Canada    
                          of Commerce                                       
                                                                            
The Bank of Nova Scotia   National Bank of Canada   The Toronto-Dominion    
                                                    Bank                    



Shares held within the portfolio are expected to range between 5-20% in weight
but may vary at any time. To generate additional returns above the dividend
income earned on the portfolio, the Company will engage in a selective covered
call writing program.


The Company's objectives are to:

Preferred Shares:



i.  provide holders with cumulative preferential floating rate monthly cash
    dividends at a rate per annum equal to the prevailing Canadian prime
    rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual
    rate of 7% based on original issue price; and 
ii. On or about December 1, 2018 or such other date as the Company may
    determine (the "termination date") to pay holders the original issue
    price ($10) of those shares.



Class A Shares



i.  provide holders with regular monthly cash distributions currently
    targeted to be at the annualized rate of 10% based upon the volume-
    weighted average trading price of the Class A Shares on the TSX for the
    last three trading days of the preceding month (effective September 17,
    2013); and 
ii. On the termination date to pay holders the original issue price ($15) of
    those shares.



The sales period of this overnight offering is expected to end at 12:00 p.m. EST
on February 28, 2014. A copy of the preliminary short form prospectus is
available from the syndicate of agents.


The syndicate of agents consists of National Bank Financial Inc., CIBC World
Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., BMO Nesbitt
Burns Inc., GMP Securities L.P., Canaccord Genuity Corp., Desjardins Securities
Inc., Mackie Research Capital Corporation, Manulife Securities Incorporated and
Raymond James Ltd.


Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Investors should read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Banc Corp.
Investor Relations
416-304-4443 or Toll free: 1-877-4-Quadra (1-877-478-2372)
www.primerateplus.com

Canadian Banc (TSX:BK.PR.A)
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