We partner with manufacturers, distributors, retailers, equipment users and the various financial players in the market.
Recognized for its excellent service and simplicity, LBC Capital is proud to serve local communities across Canada. Our partners are supported by teams specializing in the following sectors:
We are a subsidiary of Laurentian Bank of Canada (TSX: LB) specialized in equipment and floorplan financing with growth fuelled by the acquisition of the Canadian activities of CIT Group Inc. (2016) and Northpoint Commercial Finance (2017), a leading Inventory Finance Lender in the U.S., thereby establishing a solid end-to-end equipment financing platform.
Laurentian Bank of Canada (TSX:LB) ("Laurentian Bank" or "the Bank") announced today that it has completed, through its wholly-owned subsidiary LBC Capital Inc., the acquisition of a leading US and Canadian inventory finance lender, Northpoint Commercial Finance, with approximately CAD $1.1 billion of assets, which acquisition was previously announced on May 18, 2017.
"Today marks an important milestone in our commitment to support our business customers across Canada and the US," said Stéphane Therrien, Executive Vice President, Personal and Commercial Banking at Laurentian Bank. "This transaction enriches our existing equipment financing activities, adds talented employees and their expertise to our team, and enhances our line of products and services creating a comprehensive equipment financing platform. In addition, we are welcoming thousands of new customers to Laurentian Bank, customers who will provide new growth opportunities for the Bank in the years to come", added Mr. Therrien.
Presse release issued on August 14, 2017
“Two years ago, the Bank set up a specialized equipment financing team and has rapidly built up its presence in the industry ever since. This acquisition corresponds perfectly with our Canada-wide growth strategy. By combining both teams, we will be able to accelerate the evolution of our activities, in order to position ourselves as a leader in the industry,” explained Éric Provost, Senior Vice-President, Commercial Banking, Business Services, at Laurentian Bank.
We are taking the opportunity to regroup all of our equipment financing activities in a new national subsidiary called LBC Capital. The creation of this subsidiary reflects our desire to expand our equipment financing offering and will result in greater cohesion across our teams,” added Stéphane Therrien, Executive Vice-President, Personal and Commercial Banking, at Laurentian Bank.
Press release issued on June 29, 2016
Press release issued on October 3, 2016
Laurentian Bank Financial Group (LBCFG) is a diversified financial services provider whose mission is to help its customers improve their financial health. The Laurentian Bank of Canada (founded in 1846) and its entities are collectively referred to as Laurentian Bank Financial Group. With its employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its business, retail and institutional customers. The Group – with pan-Canadian activities and a presence in the United States – is an important player in numerous market segments.