Laurentian Bank of Canada
Headquarters at E-Commerce Place in Montreal | |
| Formerly | Montreal City and District Savings Bank |
|---|---|
| Company type | Public |
| TSX: LB | |
| Industry | Banking |
| Founded | 1846 |
| Founder | Ignace Bourget |
| Headquarters | |
Area served | Canada |
Key people | Éric Provost (president & CEO) |
| Products |
|
| Services | |
| Revenue | Can$1.02 billion (2024) |
| Can$-5.5 million (2024) | |
| AUM | Can$3.30 billion (2024) |
| Total assets | Can$47.40 billion (2024) |
| Total equity | Can$2.83 billion (2024) |
Number of employees | 3,000 (FTE, 2024) |
| Divisions |
|
| Website | laurentianbank.ca |
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. LBC's Institution Number (or routing number) is 039.
The institution was established as the Montreal City and District Savings Bank in 1846. The bank's shares were publicly listed on the Montreal Stock Exchange in 1965 and the Toronto Stock Exchange in 1983. In 1987, the institution was renamed the Laurentian Bank of Canada.
It is the only bank in North America to have had a labour union, some 1,100 positions becoming unionized in 1967, with the rest of non-managerial positions joining decades later. 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 decertification in March 2021, leading the Canada Industrial Relations Board to revoke the union's certification in April 2021.
On December 2, 2025, the bank announced it had agreed to be sold for C$1.9 billion to Fairstone Bank of Canada, which will retain its commercial banking business, with personal and small business banking operations to be acquired separately by National Bank of Canada, pending shareholder and regulatory approvals. Under the proposed split, all Laurentian retail branches would be closed, with branch employees only promised the ability to apply for any open roles at National Bank branches.