“Laurentian Bank has been part of the Québec landscape for more than 165 years and has carved out a place in the Canadian financial markets, notably through a subsidiary specialized in banking services distribution. The Caisse is now becoming a partner of this growing bank whose performance will ensure a promising future and attractive returns for our depositors,” said Normand Provost, Executive Vice-President, Private Equity at the Caisse.
Laurentian Bank operates the third-largest retail branch network in Quebec but lacks profile in other provinces. It has more than $30 billion in balance sheet assets and more than $33 billion in assets under administration.