Laurentian Bank of Canada T.LB

Alternate Symbol(s): LRCDF | LAUCF | T.LB.PR.H

Financial Services

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.

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Laurentian Bank of Canada > CEO and Chair Are Out ...

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Comment by DeanEdmontonon Oct 11, 2023 10:25am

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Post# 35678578

RE:RE:RE:RE:CEO and Chair Are Out ...

rad10 - When the Board Chair resigns in protest it was all shove and no jump getting rid of the CEO. The pro sale faction may well be in control, but that doesn't mean anyone wants to buy anything other than the loans and depsoits. Anyone holding out hope of a sale anywhere near book value, is going to be sorely disappointed.

rad10 wrote: Difficult to know how much jumping and how much pushing went down.

They have brought in one of their better longer term executives as CEO, and the guy who now chairs the board was behind the strategic review.

Extremely naive to hang the "for sale" sign up in public - but the guys motivated to get a deal done are running the show now.

What a sh!tshow.................