Laurentian Bank of Canada (Company Overview) - Canadian Mortgage Lenders
Bishop Ignace Bourget first founded the Laurentian Bank of Canada, previously known as the Montreal City and District Savings Bank, in 1846. The bank has seen continual growth since and is now said to have the third largest branch network in Quebec. The bank has undertaken a number of acquisitions, namely the North American Trust and Sun Life Trust - both of which were later merged to form the B2B Trust. In the last fifteen years, the bank’s size and its assets have more than tripled and have continued to show strong financial profits during the recent credit crunch.
Laurentian Bank offers a wide range of services to various customers, either through their own network of banks across Canada or through their many financial services intermediaries. They deal with everything from mortgages and investments to loans and banking. Through their network of branches and brokers, they assist in residential, commercial, and business financial needs. The bank is said to have excellent customer service and has a reputation for dedication to meeting its clients’ financial needs. This company has 3,500 staff members across 157 branches, 32 commercial banking centres, and 15 brokerage offices.
The bank is also heavily involved in promoting social responsibility by displaying good practice in preserving relationships with clients, communities, staff, and the environment and encourages other companies that they deal with to do the same. They also provide sponsorships and donations to various good causes and projects throughout Quebec. They release a yearly social responsibility report that details various activities undertaken by the bank.
The Laurentian Bank of Canada is said to be the only bank in Canada to have reported a year-on-year increase in share profits over the last six years. They appear to be a sound bank with a solid position in the industry.
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