MONTREAL, QUEBEC--(Marketwired - Dec. 21, 2017) - (TSX:LB)
The Bank was informed today by the Canada Industrial Relations Board (CIRB) that the application for revocation of Union
Certification by an employee of the Bank, filed on November 16, 2017, had obtained the required level of support. An officer of
the CIRB has been designated to oversee the next steps of the process, in accordance with applicable legislation.
Union accreditation covers all Laurentian Bank unionized employees. These employees work mainly in the Quebec branches, as
well as, for some of them, in the Montreal corporate offices.
Caution Regarding Forward-Looking Statements
In this document and in other documents filed with Canadian regulatory authorities or in other communications, Laurentian Bank
of Canada (the "Bank") may from time to time make written or oral forward-looking statements within the meaning of applicable
securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Bank's business plan
and financial objectives. The forward-looking statements contained in this document are used to assist readers in obtaining a
better understanding of the Bank's financial position and the results of operations as at and for the periods ended on the dates
presented and may not be appropriate for other purposes. Forward-looking statements typically use the conditional, as well as
words such as prospect, believe, estimate, forecast, project, expect, anticipate, plan, may, should, could and would, or the
negative of these terms, variations thereof or similar terminology.
By their very nature, forward-looking statements are based on assumptions and involve inherent risks and uncertainties, both
general and specific in nature. It is therefore possible that the forecasts, projections and other forward-looking statements
will not be achieved or will prove to be inaccurate. Although the Bank believes that the expectations reflected in these
forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. Certain
important assumptions by the Bank in making forward-looking statements include, but are not limited to: the Bank's ability to
execute its transformation plan and strategy; the expectation of regulatory stability; the continued favourable economic
conditions; the Bank's ability to maintain sufficient liquidity and capital resources; the absence of material unfavorable
changes in competition, market conditions or in government monetary, fiscal and economic policies; and the maintenance of credit
ratings.
The Bank cautions readers against placing undue reliance on forward-looking statements when making decisions, as the actual
results could differ considerably from the opinions, plans, objectives, expectations, forecasts, estimates and intentions
expressed in such forward-looking statements due to various material factors. Among other things, these factors include: changes
in capital market conditions, changes in government monetary, fiscal and economic policies, changes in interest rates, inflation
levels and general economic conditions, legislative and regulatory developments, changes in competition, modifications to credit
ratings, scarcity of human resources, as well as developments in the technological environment. Furthermore, these factors
include the ability to execute the Bank's transformation plan and in particular the successful reorganization of retail branches,
the modernization of the core banking system and the adoption of the Advanced Internal Ratings-Based Approach to credit risk (the
AIRB Approach).
The Bank further cautions that the foregoing list of factors is not exhaustive. For more information on the risks,
uncertainties and assumptions that would cause the Bank's actual results to differ from current expectations, please also refer
to the "Risk Appetite and Risk Management Framework" on page 44 of the Bank's Management's Discussion and Analysis as contained
in the Bank's 2017 Annual Report, as well as to other public filings available at www.sedar.com.
The Bank does not undertake to update any forward-looking statements, whether oral or written, made by itself or on its
behalf, except to the extent required by securities regulations.
About Laurentian Bank
Laurentian Bank of Canada is a financial institution whose activities extend mainly across Canada. Founded in 1846, its
mission is to help customers improve their financial health and it is guided by values of proximity, simplicity and honesty.
The Bank serves one and a half million clients throughout the country and employs more than 3,700 individuals, which makes it
a major player in numerous market segments. The Bank caters to the needs of retail clients via its branch network based in
Quebec. The Bank also stands out for its know-how among small and medium-sized enterprises and real estate developers owing to
its specialized teams across Canada. Its subsidiary B2B Bank is, for its part, one of the major Canadian leaders in providing
banking products and services and investment accounts through financial advisors and brokers. Laurentian Bank Securities offers
integrated brokerage services to a clientele of institutional and retail investors.
The Bank has $47 billion in balance sheet assets and $32 billion in assets under administration.