Laurentian Bank of Canada (TSX:LB)

Financial

Laurentian Bank of Canada is a financial institution that provides banking solutions to retail, corporate, small and medium-sized enterprises, independent advisors and commercial customers across Canada and the United States.

It operates as a brokerage service firm that sells products with help of advisors, digital platforms, registered brokers and financial advisors.

As a diversified financial services firm, the bank provides various commercial loans, equipment financing, business banking, residential mortgage, personal loans.

In addition, it provides administrative and foreign exchange services, credit life and disability insurance products, trustee services, investment securities, corporate underwriting services for debt and equity.

The bank was founded as Montreal City and District Savings Bank in 1846.

In 1987, it was renamed to Laurentian Bank of Canada, wherein Laurentian Group Corporation becomes the major stakeholder.

The institution is also referred to as Laurentian Bank Financial Group.

The bank also provides digital and mobile banking and financial services related to advisory and transaction services. In addition, they offer informed decisions on mortgage deferral or personal loan.

The bank’s website also features branch locator tool to help find different regional branches across the country.

The financial advisors cater to personal banking customers, business services customers, B2B bank customers and LBC digital customers.

The Canadian financial institution also provides personal business services and securities underwriting through LBC Capital and Northpoint Commerce Finance.

It operates through different segments: personal, business and institutional segments.

Personal segment

Through a regional network of branches in Quebec, the bank provides financial solutions and services to retail clients, including various financial products, mortgage products, transactional products, and investment products. Financial product comprises visa credit cards, personal loan, student loans, etc.

Mortgage products include homeowners’ kits, mortgage with cashback, fixed rate mortgage and equity line of credit.

Transactional products comprise various savings and current accounts, insurance plans and electronic services.

It also provides a wide range of investment products such as fixed-rate investments, indexed investments mutual funds, certificates and segregated funds.


Business segment

The segment mainly provides equipment and inventory financing, real estate financing, and commercial banking solutions across Canada. In addition, it caters to various industries, including manufacturing, food processing companies, general insurance firms, large organizations, etc.

LBC Digital services provide guaranteed investment certificates to help clients achieve their saving goals. The bank says that customers can transfer funds at any time without any monthly account fee and no minimum balance conditions.

Laurentian Bank Securities focuses on six lines of business, including equity and debt securities, corporate underwritings, and capital markets.

Contact Information

company address 1360 René-Lévesque Blvd West, Suite 600 Montreal, Quebec H3G 0E5

company phone514 284-4500

company email[email protected]

company websitehttps://www.laurentianbank.ca

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