Laurentian Bank of Canada

The Laurentian Bank of Canada (LBC, French Banque Laurentienne ) is a Canadian bank. The company is headquartered in Montreal, Québec provides financial services for its customers and employs about 4,200 people. The bank has 155 branches, 38 commercial centers and 16 brokerage Centres. It is marked on the Toronto Stock Exchange.

History

The bank was founded under the name Banque d' Epargne de la Cite et du District de Montréal ( Savings Bank of the City and District Montreal) by Bishop Ignace Bourget and a group of 15 prominent personalities from Montreal on 26 May 1846. There were 60 honorary directors, among them Louis -Hippolyte La Fontaine, Louis -Joseph Papineau and George -Étienne Cartier. The new institute should enable the working class to form savings and credit. 1871 transformed the cooperative bank in a stock corporation and moved into its new headquarters on the Rue Saint -Jacques. 1946, the year of its centenary, the bank counted 341,000 customers (mainly in the city of Montreal ).

In 1965, the bank's shares on the Montreal Exchange, from 1983 on the Toronto Stock Exchange were. In 1972, she was the first Canadian financial institution that united all branches to a central computer system. After a reform of banking laws, it opened in 1975 in Granby, the first branch outside the Montreal region. The following year, the total assets exceeded the value of $ 1 billion for the first time. In 1981 it opened a branch in Ottawa, the first outside the province of Quebec. After the company had in 1987 adopted its present name, it's a year later moved into the current headquarters on Avenue McGill College. The merger with the Eaton Trust, the Bank was in 1988 in Toronto, Edmonton, Calgary and Vancouver present. In the early 1990s, the Laurentian Bank took over several smaller financial companies. These included La Financière Coopérants, Compagnie de fiducie Guardian, General Trust Corporation, BLC Rousseau, Compagnie Trust Prenor du Canada and North American Trust. 2003, most stores were sold outside of Québec to the Toronto - Dominion Bank.

Divisions

  • Private Banking customers and credit cards
  • Construction loans and consumer loans
  • Corporate Finance
  • Funding for public institutions
  • Securities Trading

Memberships

The LBC is a member of the Canadian Bankers Association ( CBA) and registered member of the Canada Deposit Insurance Corporation ( CDIC ), the Canadian Deposit Insurance Agency and a member of and Interac.

Types of business entity International Securities Identification Number Saint Jacques Street Toronto-Dominion Bank
103497
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