Knowledge

Laurentian Bank of Canada

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In 1996, one of its subsidiaries acquired the parent corporation of Trust PrĂŞt et Revenu du Canada. A few months later, the withdrawal of its main shareholder, Desjardins-Laurentian Financial Corporation, prompted the Laurentian Bank to become a Schedule 1 Bank under the Bank Act, on par with all the
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The bank merged with Eaton Trust Company (in 1988), purchased Standard Trust's assets (1991), acquired La Financière Coopérants Prêts-Épargne Inc., and Guardian Trust Company in Ontario (1992), acquired General Trust Corporation in Ontario, and purchased some Société Nationale de Fiducie assets and
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It is the only bank in North America to have had a labour union, some 1,100 positions becoming unionized in 1967, with the rest of non-managerial positions joining decades later. In 2017, there was a failed attempt by the bank to decertify the
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In 1993, the bank acquired General Trust Corporation and purchased most of the Société Nationale de Fiducie's assets from the brokerage firm BLC Rousseau, thus creating Laurentian Bank Securities (LBS).
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In 1993, the Desjardins-Laurentian Financial Corporation became the new majority shareholder of Laurentian Bank of Canada, following the merging of the Laurentian Group Corporation with the
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In 2016, the bank relocated all of its Montreal offices, including its headquarters on McGill College Avenue, into a single building on 1360 Rene Levesque Boulevard West in Montreal.
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In 1974, the bank installed an ATM system called "Bancaide". Primitive by the standards of the following decade, the nonetheless revolutionary machine dispensed cash 24 hours a day.
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In 1980, the Montreal City and District Savings Bank obtained the right to expand its operations throughout Canada. This expansion led to the institution listing its shares on the
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On October 2 2023, Laurentian Bank announced the departure of CEO Rania Llewellyn and Chairman of the Board Michael Mueller. Ms. Llewellyn was replaced by M. Éric Provost.
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was named president and CEO replacing acting CEO Stephane Therrien who had been serving as president and chief executive since Francois Desjardins retired in June 2020.
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LBC's history began in 1846 with the founding of the Banque d'Épargne de la Cité et du District de Montréal, or Montreal City and District Savings Bank, by Bishop
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An impasse with the union has bogged down the bank's plan to have branches focus on offering financial advice, as well as move customers towards online banking.
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In 2000, it acquired all Sun Life Trust Company stock in a transaction that resulted in the creation of the new B2B Trust subsidiary, now known as B2B Bank.
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In 1988, after more than a century (1871–1988) at 176 Saint-Jacques Street, the institution's head office moved to McGill College Avenue in Montreal.
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credit cards in partnership with Brim Financial. The new system provides digital onboarding and instant adjudication, instant virtual card issuance,
839: 390: 1830: 1556: 866: 1651: 614: 678: 362:, with commercial and business banking offices located in Ontario, Alberta, British Columbia, and Nova Scotia. LBC's Institution Number (or 1825: 1571: 956: 591: 1741: 947: 1417: 711:, Lowe, G. S. (1981). Causes of Unionization in Canadian Banks. Relations Industrielles / Industrial Relations, 36(4), 865–893. 1478: 1810: 1454: 556: 522: 459: 1815: 1412: 1820: 1795: 992: 615:"Laurentian Bank of Canada relocates its Montreal offices and takes up residence at 1360 Rene-Levesque Boulevard West" 394: 543:
functionality and self-serve card management options including setting credit limits and replacement of lost cards.
1621: 1561: 1062: 1344: 1129: 17: 1332: 892:"Laurentian Bank announces strategic partnership with Brim Financial to transform its VISA customer experience" 650: 1094: 940: 552: 1706: 141: 722: 1761: 1691: 430: 814: 1646: 1581: 1301: 1195: 1144: 438: 1805: 1536: 1286: 979: 723:"Laurentian is the only North American bank with a labour union – and it's clouding their outlook" 685: 1686: 1228: 1190: 1167: 1119: 1109: 1089: 933: 518: 374: 363: 244: 1508: 559:, a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of 1311: 455: 378: 69: 1364: 1291: 1281: 1255: 1185: 1114: 1067: 1026: 434: 1296: 1004: 8: 1671: 1661: 1656: 1306: 1276: 1218: 1099: 754:"Canada Industrial Relations Board (CIRB) revokes union certification at Laurentian Bank" 485: 303: 1716: 1641: 1586: 1422: 1359: 1233: 393:, but a majority of workers voted for union decertification in March 2021, leading the 186: 1751: 1349: 997: 445: 410: 196: 181: 1057: 925: 500:
Phase II Tower in Montreal houses the headquarters for the Laurentian Bank of Canada
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In 1995, the bank acquired 30 branches of the North American Trust Company.
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network and the assets of Prenor Trust Company of Canada in 1994.
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three years later, and in 1987, the bank was renamed Laurentian
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Selected Morningstar National Bank Québec companies of Canada
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Laurentian Bank Financial Group Laurentian Bank of Canada
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in 1846. The bank's shares were publicly listed on the
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at the Montreal City and District Savings Bank, 1872
918: 397:to revoke the union's certification in April 2021. 1460:Financial Services Regulatory Authority of Ontario 381:in 1983. In 1987, the institution was renamed the 1782: 1395: 535:In 2023, Laurentian Bank launched a new line of 391:Canadian Office and Professional Employees Union 1801:Companies listed on the Toronto Stock Exchange 1494: 941: 425:and a group of 15 prominent individuals from 658:Laurentian Bank of Canada Investor Relations 645: 643: 641: 639: 637: 635: 504: 444:In 1965, the bank listed its shares on the 358:that operates primarily in the province of 1501: 1487: 948: 934: 35: 809: 807: 778: 632: 592:List of banks and credit unions in Canada 864: 720: 510:the brokerage firm BLC Rousseau (1993). 492: 484: 404: 159:Personal and commercial banking products 1418:Canada Mortgage and Housing Corporation 772: 746: 371:Montreal City and District Savings Bank 369:The institution was established as the 47:Montreal City and District Savings Bank 14: 1831:Canadian companies established in 1846 1791:Morningstar National Bank QuĂ©bec Index 1783: 804: 714: 1482: 1394: 1165: 967: 929: 865:Khairnar, Shruti (14 February 2023). 489:A Laurentian Bank branch in Longueuil 1455:Canada Deposit Insurance Corporation 968: 902:– via GlobeNewswire News Room. 721:Zochodne, Geoff (5 September 2018). 609: 607: 557:Canada Deposit Insurance Corporation 1413:Business Development Bank of Canada 779:Arsenault, Julien (22 April 2021). 24: 1826:1846 establishments in Canada East 993:Canadian Imperial Bank of Commerce 25: 1842: 1432:Provincial financial institutions 1166: 1135:Vancity Community Investment Bank 957:Banks and credit unions in Canada 910: 604: 395:Canada Industrial Relations Board 1622:GDI Integrated Facility Services 576: 284: 283: 267: 266: 250: 249: 235: 234: 215: 214: 884: 858: 555:and registered member with the 1406:Federal financial institutions 832: 703: 671: 13: 1: 597: 546: 352:Banque Laurentienne du Canada 1396:Other financial institutions 1095:First Nations Bank of Canada 553:Canadian Bankers Association 532:other large Canadian banks. 7: 1811:Companies based in Montreal 1707:Power Corporation of Canada 569: 413:addresses a crowd during a 10: 1847: 1816:Mortgage lenders of Canada 1692:Neptune Wellness Solutions 431:Louis-Hippolyte Lafontaine 400: 317:Laurentian Bank Securities 1821:Banks established in 1846 1796:Laurentian Bank of Canada 1667:Laurentian Bank of Canada 1647:Innergex Renewable Energy 1517: 1447: 1431: 1405: 1401: 1390: 1320: 1269: 1211: 1204: 1196:UNI Financial Cooperation 1178: 1174: 1161: 1145:Wealth One Bank of Canada 1105:Laurentian Bank of Canada 1040: 978: 974: 963: 517:. The bank purchased the 383:Laurentian Bank of Canada 344:Laurentian Bank of Canada 330: 311:Laurentian Bank of Canada 302: 292: 275: 271:Can$ 49.89 billion (2023) 258: 243: 226: 210: 169: 152: 134: 124: 107: 97: 89: 79: 61: 51: 43: 34: 1537:Alimentation Couche-Tard 1205:Provincial credit unions 760:. Toronto. 21 April 2021 505:Mergers and acquisitions 288:Can$ 2.86 billion (2023) 254:Can$ 3.02 billion (2023) 1687:National Bank of Canada 1130:President's Choice Bank 1120:National Bank of Canada 1110:Manulife Bank of Canada 1090:Exchange Bank of Canada 551:LBC is a member of the 519:Manulife Bank of Canada 446:Montreal Stock Exchange 375:Montreal Stock Exchange 239:Can$ 181 million (2023) 1125:Peoples Bank of Canada 1058:Bank of China (Canada) 501: 490: 456:Toronto Stock Exchange 439:George-Étienne Cartier 418: 379:Toronto Stock Exchange 351: 323:LBC Financial Services 1702:Osisko Gold Royalties 1697:New Look Vision Group 1597:Cogeco Communications 1186:Coast Capital Savings 1179:Federal credit unions 1068:Canadian Western Bank 1027:Toronto-Dominion Bank 496: 488: 435:Louis-Joseph Papineau 408: 1005:Royal Bank of Canada 679:"2015 Annual Report" 651:"2023 Annual Report" 1727:Savaria Corporation 1662:Lassonde Industries 1657:Knight Therapeutics 1219:BlueShore Financial 1053:AMEX Bank of Canada 294:Number of employees 222:1.03 billion (2023) 31: 1717:Richelieu Hardware 1642:IA Financial Group 1423:Farm Credit Canada 1345:Desjardins Ontario 1234:Envision Financial 1063:Canadian Tire Bank 691:on 21 January 2022 502: 491: 419: 187:investment banking 29: 1778: 1777: 1752:TFI International 1747:Theratechnologies 1582:Canadian National 1476: 1475: 1472: 1471: 1468: 1467: 1448:Deposit insurance 1386: 1385: 1382: 1381: 1378: 1377: 1251:Gulf & Fraser 1224:Coastal Community 1157: 1156: 1153: 1152: 1100:ICICI Bank Canada 998:Simplii Financial 411:mayor of Montreal 340: 339: 335:laurentianbank.ca 298:3,000 (FTE, 2023) 197:wealth management 182:corporate banking 16:(Redirected from 1838: 1512: 1503: 1496: 1489: 1480: 1479: 1403: 1402: 1392: 1391: 1340:Desjardins Group 1212:British Columbia 1209: 1208: 1176: 1175: 1163: 1162: 1073:Motive Financial 1009:HSBC Bank Canada 988:Bank of Montreal 976: 975: 969:For-profit banks 965: 964: 950: 943: 936: 927: 926: 922: 921: 919:Official website 904: 903: 901: 899: 888: 882: 881: 879: 877: 862: 856: 855: 853: 851: 846:. 2 October 2023 836: 830: 829: 827: 825: 811: 802: 801: 799: 797: 776: 770: 769: 767: 765: 750: 744: 743: 738: 736: 718: 712: 707: 701: 700: 698: 696: 690: 684:. Archived from 683: 675: 669: 668: 666: 664: 655: 647: 630: 629: 627: 625: 619: 611: 586: 581: 580: 579: 515:Desjardins Group 498:E-Commerce Place 377:in 1965 and the 287: 286: 280: 270: 269: 263: 253: 252: 238: 237: 218: 217: 39: 32: 28: 21: 1846: 1845: 1841: 1840: 1839: 1837: 1836: 1835: 1806:Banks of Canada 1781: 1780: 1779: 1774: 1762:Transcontinenal 1632:Goodfood Market 1513: 1510: 1507: 1477: 1464: 1443: 1427: 1397: 1374: 1328:Alterna Savings 1316: 1265: 1200: 1170: 1149: 1080:Citibank Canada 1036: 1031:TD Canada Trust 970: 959: 954: 917: 916: 913: 908: 907: 897: 895: 890: 889: 885: 875: 873: 871:Fintech Futures 863: 859: 849: 847: 838: 837: 833: 823: 821: 819:Laurentian Bank 813: 812: 805: 795: 793: 777: 773: 763: 761: 752: 751: 747: 734: 732: 719: 715: 708: 704: 694: 692: 688: 681: 677: 676: 672: 662: 660: 653: 649: 648: 633: 623: 621: 617: 613: 612: 605: 600: 582: 577: 575: 572: 566: 549: 523:banking service 507: 477:Rania Llewellyn 460:Bank of Canada. 403: 356:Schedule 1 bank 326: 295: 276: 259: 231: 206: 165: 137: 127: 120: 66: 23: 22: 18:Laurentian Bank 15: 12: 11: 5: 1844: 1834: 1833: 1828: 1823: 1818: 1813: 1808: 1803: 1798: 1793: 1776: 1775: 1773: 1772: 1767: 1764: 1759: 1754: 1749: 1744: 1739: 1734: 1729: 1724: 1719: 1714: 1709: 1704: 1699: 1694: 1689: 1684: 1682:MTY Food Group 1679: 1674: 1669: 1664: 1659: 1654: 1649: 1644: 1639: 1634: 1629: 1624: 1619: 1614: 1609: 1604: 1599: 1594: 1589: 1584: 1579: 1574: 1569: 1564: 1559: 1554: 1549: 1544: 1539: 1534: 1529: 1524: 1518: 1515: 1514: 1511:(May 19, 2020) 1506: 1505: 1498: 1491: 1483: 1474: 1473: 1470: 1469: 1466: 1465: 1463: 1462: 1457: 1451: 1449: 1445: 1444: 1442: 1441: 1435: 1433: 1429: 1428: 1426: 1425: 1420: 1415: 1409: 1407: 1399: 1398: 1388: 1387: 1384: 1383: 1380: 1379: 1376: 1375: 1373: 1372: 1370:Windsor Family 1367: 1362: 1357: 1352: 1347: 1342: 1337: 1336: 1335: 1324: 1322: 1321:Eastern Canada 1318: 1317: 1315: 1314: 1309: 1304: 1299: 1294: 1289: 1284: 1279: 1273: 1271: 1267: 1266: 1264: 1263: 1258: 1253: 1248: 1247: 1246: 1241: 1239:Island Savings 1236: 1226: 1221: 1215: 1213: 1206: 1202: 1201: 1199: 1198: 1193: 1188: 1182: 1180: 1172: 1171: 1159: 1158: 1155: 1154: 1151: 1150: 1148: 1147: 1142: 1137: 1132: 1127: 1122: 1117: 1112: 1107: 1102: 1097: 1092: 1087: 1085:Equitable Bank 1082: 1077: 1076: 1075: 1065: 1060: 1055: 1050: 1044: 1042: 1038: 1037: 1035: 1034: 1024: 1023: 1022: 1012: 1002: 1001: 1000: 990: 984: 982: 972: 971: 961: 960: 953: 952: 945: 938: 930: 924: 923: 912: 911:External links 909: 906: 905: 883: 857: 831: 803: 771: 758:Financial Post 745: 728:Financial Post 713: 702: 670: 631: 602: 601: 599: 596: 595: 594: 588: 587: 571: 568: 548: 545: 506: 503: 423:Ignace Bourget 402: 399: 364:routing number 338: 337: 332: 328: 327: 325: 324: 321: 318: 315: 312: 308: 306: 300: 299: 296: 293: 290: 289: 281: 273: 272: 264: 256: 255: 247: 241: 240: 232: 227: 224: 223: 212: 208: 207: 205: 204: 199: 194: 192:mortgage loans 189: 184: 179: 177:Retail banking 173: 171: 167: 166: 164: 163: 160: 156: 154: 150: 149: 140:Éric Provost ( 138: 135: 132: 131: 128: 125: 122: 121: 111: 109: 105: 104: 102:Ignace Bourget 99: 95: 94: 91: 87: 86: 81: 77: 76: 67: 62: 59: 58: 53: 49: 48: 45: 41: 40: 9: 6: 4: 3: 2: 1843: 1832: 1829: 1827: 1824: 1822: 1819: 1817: 1814: 1812: 1809: 1807: 1804: 1802: 1799: 1797: 1794: 1792: 1789: 1788: 1786: 1771: 1768: 1765: 1763: 1760: 1758: 1755: 1753: 1750: 1748: 1745: 1743: 1740: 1738: 1735: 1733: 1730: 1728: 1725: 1723: 1720: 1718: 1715: 1713: 1710: 1708: 1705: 1703: 1700: 1698: 1695: 1693: 1690: 1688: 1685: 1683: 1680: 1678: 1675: 1673: 1670: 1668: 1665: 1663: 1660: 1658: 1655: 1653: 1650: 1648: 1645: 1643: 1640: 1638: 1637:HĂ©roux-Devtek 1635: 1633: 1630: 1628: 1625: 1623: 1620: 1618: 1617:Fiera Capital 1615: 1613: 1610: 1608: 1605: 1603: 1600: 1598: 1595: 1593: 1590: 1588: 1585: 1583: 1580: 1578: 1575: 1573: 1570: 1568: 1565: 1563: 1560: 1558: 1557:Bellus Health 1555: 1553: 1550: 1548: 1547:Bausch Health 1545: 1543: 1540: 1538: 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Retrieved 886: 874:. Retrieved 870: 860: 848:. Retrieved 843: 834: 822:. Retrieved 818: 794:. Retrieved 784: 774: 762:. Retrieved 757: 748: 740: 733:. Retrieved 726: 716: 705: 695:16 September 693:. Retrieved 686:the original 673: 661:. Retrieved 657: 622:. Retrieved 584:Banks portal 565: 550: 534: 530: 527: 512: 508: 481: 474: 471: 468: 464: 453: 450: 443: 420: 387: 382: 370: 368: 347: 343: 341: 278:Total equity 261:Total assets 202:credit cards 108:Headquarters 52:Company type 26: 1287:Assiniboine 1041:Other banks 876:6 September 824:6 September 796:6 September 764:16 December 735:13 November 663:10 December 320:LBC Capital 126:Area served 1785:Categories 1770:WSP Global 1766:Uni Select 1672:Lightspeed 1532:Air Canada 1229:First West 1191:Innovation 1015:Scotiabank 850:7 November 624:2 December 598:References 547:Membership 437:, and Sir 366:) is 039. 350:; French: 229:Net income 136:Key people 1612:Dollarama 1312:Steinbach 1140:VersaBank 1115:Motusbank 1020:Tangerine 786:Le Devoir 731:. Toronto 475:In 2020, 304:Divisions 162:brokerage 142:President 64:Traded as 1712:Quebecor 1587:Cascades 1572:BTB REIT 1365:Meridian 1292:Cambrian 1282:Affinity 1270:Prairies 1256:Prospera 980:Big Five 791:Montreal 570:See also 427:Montreal 314:B2B Bank 170:Services 153:Products 119:, Canada 113:Montreal 80:Industry 44:Formerly 1607:Cominar 1567:Boralex 1522:5N Plus 1297:Conexus 1261:Vancity 561:Interac 401:History 354:) is a 331:Website 211:Revenue 98:Founder 90:Founded 84:Banking 72::  1742:Tecsys 1732:Semafo 1722:Saputo 1627:Gildan 1592:Cogeco 1307:Servus 1277:Access 898:3 June 360:Quebec 144:& 130:Canada 117:Quebec 56:Public 1677:Metro 1527:Aimia 1360:Libro 689:(PDF) 682:(PDF) 654:(PDF) 618:(PDF) 220:Can$ 1350:DUCA 1333:Pace 900:2022 878:2023 852:2023 826:2023 798:2023 766:2021 737:2021 697:2019 665:2023 626:2019 537:Visa 409:The 342:The 93:1846 1602:CGI 1577:CAE 1562:BRP 1552:BCE 521:'s 415:run 348:LBC 245:AUM 146:CEO 70:TSX 1787:: 869:. 842:. 817:. 806:^ 789:. 756:. 739:. 725:. 656:. 634:^ 606:^ 563:. 448:. 441:. 433:, 385:. 115:, 74:LB 1502:e 1495:t 1488:v 1033:) 1029:( 1011:) 1007:( 949:e 942:t 935:v 880:. 854:. 828:. 800:. 768:. 699:. 667:. 628:. 346:( 148:) 20:)

Index

Laurentian Bank

Public
Traded as
TSX
LB
Banking
Ignace Bourget
Montreal
Quebec
President
CEO
Retail banking
corporate banking
investment banking
mortgage loans
wealth management
credit cards
Can$
Net income
AUM
Total assets
Total equity
Divisions
laurentianbank.ca
Schedule 1 bank
Quebec
routing number
Montreal Stock Exchange
Toronto Stock Exchange

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