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In 2020, Rania Llewellyn was named president and CEO replacing acting CEO Stephane Therrien who had been serving as president and chief executive since Francois Desjardins retired in June 2020.Ī Laurentian Bank branch in Longueuil Mergers and acquisitions In 2016, the bank relocated all of its Montreal offices, including its headquarters on McGill College Avenue, into a single building on 1360 Rene Levesque Boulevard West in Montreal. In 2000, it acquired all Sun Life Trust Company stock in a transaction that resulted in the creation of the new B2B Trust subsidiary, now known as B2B Bank. In 1993, the bank acquired General Trust Corporation and purchased most of the Société Nationale de Fiducie's assets from the brokerage firm BLC Rousseau, thus creating Laurentian Bank Securities (LBS). In 1988, after more than a century (1871–1988) at 176 Saint-Jacques Street, the institution's head office moved to McGill College Avenue in Montreal. This expansion led to the institution listing its shares on the Toronto Stock Exchange three years later, and in 1987, the bank was renamed Laurentian Bank of Canada. In 1980, the Montreal City and District Savings Bank obtained the right to expand its operations throughout Canada. Primitive by the standards of the following decade, the nonetheless revolutionary machine dispensed cash 24 hours a day. In 1974, the bank installed an ATM system called "Bancaide". In 1965, the bank listed its shares on the Montreal Stock Exchange. The bank's 60 honorary directors included Louis-Hippolyte Lafontaine, Louis-Joseph Papineau, and Sir George-Étienne Cartier. LBC's history began in 1846 with the founding of the Banque d'Épargne de la Cité et du District de Montréal, or Montreal City and District Savings Bank, by Bishop Ignace Bourget and a group of 15 prominent people from Montreal, Quebec. The mayor of Montreal addresses a crowd during a run at the Monteral City and District Savings Bank, 1872
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In 2017, there was a failed attempt by the bank to decertify the Canadian Office and Professional Employees Union, but a majority of workers voted for union de-certification in March 2021, leading the Canada Industrial Relations Board to revoke the union's certification in April 2021. It is the only bank in North America to have had a labour union, some positions becoming unionized in 1967, with the rest of non-managerial positions joining decades later. In 1987, the institution was renamed the Laurentian Bank of Canada.
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Shares for the bank were publicly listed on the Montreal Stock Exchange in 1965 and the Toronto Stock Exchange in 1983. The institution was established as the Montreal City and District Savings Bank in 1846. LBC's Institution Number (or routing number) is 039. The Laurentian Bank of Canada ( LBC French: Banque Laurentienne du Canada) is a Schedule 1 bank that operates primarily in the province of Quebec, with commercial and business banking offices located in Ontario, Alberta, British Columbia, and Nova Scotia.