Laurentian Bank of Canada
| Laurentian Bank of Canada
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CA51925D1069 |
| founding | 1846 |
| Seat |
Montreal , Quebec Canada
|
| management | Rejean Robitaille (President and CEO) |
| Number of employees | approx. 4,200 |
| sales | 122.9 million CAD |
| Branch | Banking services, finance |
| Website | laurentianbank.approx |
The Laurentian Bank of Canada ( LBC , French Banque Laurentienne ) is a Canadian bank . Headquartered in Montreal , Québec , the company provides financial services to its customers and employs around 4,200 people. The bank has 155 branches, 38 commercial centers and 16 brokerage centers. It is listed on the Toronto Stock Exchange .
history
The bank was founded on May 26, 1846 under the name Banque d'Épargne de la Cité et du District de Montréal (savings bank of the city and district of Montreal) by Bishop Ignace Bourget and a group of 15 prominent figures from Montreal . There were also 60 honorary directors, including Louis-Hippolyte La Fontaine , Louis-Joseph Papineau and George-Étienne Cartier . The new institute should enable the working class to accumulate savings and obtain credit. In 1871 the bank, organized as a cooperative, turned into a joint stock company and moved to its new headquarters on Rue Saint-Jacques . In 1946, the year of its centenary, the bank had 341,000 customers (mostly in the city of Montreal).
From 1965 the shares of the bank were on the Montreal Stock Exchange , from 1983 on the Toronto Stock Exchange . In 1972 it was the first Canadian financial institution to connect all branches to a central computer system. After reforming banking laws, it opened the first branch outside the Montreal region in Granby in 1975 . In the following year, total assets exceeded $ 1 billion for the first time . In 1981 a branch was opened in Ottawa , the first outside of the province of Québec. After the company took its current name in 1987, it moved a year later to its current headquarters on Avenue McGill College. As a result of the merger with the Eaton Trust , the bank was also present in Toronto , Edmonton , Calgary and Vancouver from 1988 . In the early 1990s, Laurentian Bank took over several smaller financial firms. These included La Financière Coopérants, Compagnie de fiducie Guardian, General Trust Corporation, BLC Rousseau, Compagnie Trust Prenor du Canada and North American Trust. In 2003 most of the branches outside Québec were sold to the Toronto-Dominion Bank .
Divisions
- Private customer banking and credit cards
- Construction loans and consumer loans
- Corporate finance
- Financing for public institutions
- Securities trading
Memberships
LBC is a member of the Canadian Bankers Association (CBA) and a registered member of Canada Deposit Insurance Corporation (CDIC), the Canadian Deposit Insurance Agency and a member of Interac.
Web links
- Laurentian Bank of Canada (English)
- Banque Laurentienne (French)
Individual evidence
- ↑ Our business profile. Laurentian Bank of Canada, 2013, accessed November 20, 2013 .
- ↑ a b Our history. Laurentian Bank of Canada, 2013, accessed November 20, 2013 .