The Bank acquires La Financière Coopérants Prêts-Épargne Inc. and Guardian Trust Company.
The Bank acquires General Trust Corporation and purchases most of the Société Nationale de Fiducie’s assets from the brokerage firm BLC Rousseau, thus creating Laurentian Bank Securities (LBS).
Following the merger of Laurentian Group and Mouvement Desjardins. The Desjardins-Laurentian Financial Corporation becomes the new majority shareholder of Laurentian Bank of Canada. The Bank acquires a number of assets of Prenor Trust of Canada and Manulife Bank of Canada’s 12 branches.
The Bank acquires 30 branches of North American Trust in Ontario and Western Canada. Between 1987 and 1995, Laurentian Bank’s average annual asset growth is in the order of 15.8%.
The Bank celebrates its 150th Anniversary with assets in excess of $12.5 billion and close to 3,400 employees. The institution launches its LBCDirect telebanking services and acquires the parent corporation of Trust Prêt et Revenu du Canada.
Subsequent to the withdrawal of its principal shareholder — Desjardins-Laurentian Financial Corporation — the Bank becomes a Schedule 1 institution. This new status allows for easier and freer financing of the institution’s activities through capital stock issues.
The Bank acquires all Sun Life Trust Company stock in a transaction that results in the creation of the new B2B Trust subsidiary. Through its LBS subsidiary, the Bank acquires the brokerage firm of Tassé & Associates Limited. The Bank integrates 43 branches in Quebec acquired from Scotiabank.