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Laurentian Bank reports first-quarter profit up from year ago, beats expectations
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French
MONTREAL, Feb. 09, 2021 (GLOBE NEWSWIRE) Laurentian Bank (TSX:LB) 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 December 22, 2020, has obtained the required level of support. The CIRB will hold a vote of the employees at a date to be determined shortly.
Union accreditation covers all Laurentian Bank unionized employees. These employees work mainly in the Quebec branches of the Bank and some in the Montreal corporate offices.
Caution regarding forward-looking statements
We may, from time to time, make written or oral forward-looking statements within the meaning of applicable securities legislation, including in this document and the documents incorporated by reference herein, and in other documents filed with Canadian regulatory authorities or in other written or oral communications. Forward-looking statements include, but are not limited to, statements
François Laurin announces planned retirement from Laurentian Bank
MONTREAL, Jan. 08, 2021 (GLOBE NEWSWIRE) Laurentian Bank is pleased to announce that Yvan Deschamps has been appointed to the position of Executive Vice President and Chief Financial Officer of the organization, effective April 6, 2021. Mr. Deschamps succeeds François Laurin, who informed the Bank of his desire to retire at the next Annual General Meeting. Mr. Laurin will continue to work closely with Mr. Deschamps to ensure his smooth transition into the role.
“I would like to thank François Laurin for his leadership and committed service to Laurentian Bank. Earlier in 2020, François indicated to the Board of Directors and the executive team his desire to retire and agreed to extend his tenure until this year to ensure a smooth succession process and to support my onboarding as new CEO. His leadership has ensured the Bank’s strong capital and liquidity positions and his mentorship has provided our organi