A very special year that sees Laurentian Bank celebrate our 175th anniversary, which is an opportunity to reflect on our remarkable past and to build upon our roots for sustained future growth. The Bank will be commemorating this achievement throughout the year with a number of activities and celebrations for its employees, customers and communities.
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2020
In response to the unprecedented global COVID-19 pandemic, Laurentian Bank was proud to introduce special measures aimed at assisting Personal and Commercial Banking customers facing financial hardships. The Bank also took a number of precautions to protect the health and well-being of our team members during this difficult time. Later in the year, Laurentian Bank appointed Rania Llewellyn as President and CEO and member of the Board of Directors. Ms. Llewellyn became the first woman to lead a major Canadian bank.
2019
The Bank inaugurated its new advisory model for Retail services in response to the evolving needs of its diversified clientele. Personal and Commercial Banking customers can now benefit from personalized advice services offered by a multidisciplinary team of experienced advisors, financial planners, private bankers and commercial account managers – all under one roof.
2018
Laurentian Bank partnered with THE EXCHANGE® Network to increase access for customers to bank at more than 3,600 ABMs from coast to coast from over 170 participating financial institutions. This move gives customers more points of service to carry out most of their day-to-day transactions with no additional ABM surcharge fees.
2015
Laurentian Bank posts record results for a ninth consecutive year, with all of its principal activity sectors generating solid growth and its profitability objectives being achieved. For its part, B2B Bank sees the volume of its mortgage and business loan portfolios increase by 34% and 18% respectively. The organization launches its seven-year transformation plan with clear objectives to accomplish by 2022: achieve a return on equity that is comparable to the Canadian banking industry, double the size of our organization and, build a solid strategic foundation.
2016
Laurentian Bank acquires the Canadian equipment financing and corporate financing activities of CIT Group Inc. This transaction provides a more complete line of products and services, a larger pool of customers and an enhanced sales force deployment. The Bank takes the opportunity to regroup all of its equipment financing activities in a new national subsidiary called LBC Capital.
2017
LBC Capital acquires Northpoint Commercial Finance, which is among the leading US and Canadian inventory finance lenders, resulting in an attractive end-to-end equipment finance platform which broadens our Canadian offering and create a US presence, an important customer attribute for manufacturers and dealers looking for a single North American point of service. Also, Laurentian Bank announces the creation of a new technology subsidiary, LBC Tech, bringing together all IT teams under one entity