“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 of Canada is a banking institution whose activities extend across Canada. The Bank serves one and a half million clients throughout the country and employs more than 3,600 people whose talent and dedication have made it a major player in numerous market segments. The Bank has more than $41 billion in balance sheet assets and $42 billion in assets under administration.
Laurentian Bank distinguishes itself through the excellence and simplicity of its services. The Bank caters to the needs of retail clients via its branch network. The Bank has also earned a solid reputation among small and medium-sized enterprises and real estate developers thanks to its specialized teams across Canada, namely in Ontario, Québec, Alberta, British Columbia and Nova Scotia. For their part, B2B Bank is a Canadian leader in providing banking and investment products and services to financial advisors and brokers, while the expertise and effectiveness of Laurentian Bank Securities' integrated brokerage services are known nationwide.