Laurentian Bank of Canada

What Laurentian Bank of Canada does

Laurentian Bank of Canada is a Montreal-headquartered, federally chartered Canadian bank founded in 1846 and publicly traded on the Toronto Stock Exchange (TSX:LB), operating as the 8th largest bank in Canada with approximately $47.5 billion in balance sheet assets, 2,800 employees, and a 57-branch network concentrated in Quebec and Ontario. The bank serves individual consumers, small and mid-sized businesses, and specialized commercial segments (real estate developers, daycare operators, insurance brokerages) through a hybrid distribution model combining physical branches, a 3,000+ ATM network via THE EXCHANGE, LBCDirect online banking, and a mobile app with biometric and 2-step verification.

The bank's product portfolio spans personal banking (chequing accounts, high-interest savings with tiered rates up to 3.20%, four Visa credit card tiers from $0-$130 annual fees, fixed and variable mortgages, personal/student/RRSP loans and lines of credit), investment products (fixed-rate and market-linked GICs, mutual funds distributed via LBC Financial Services through a Mackenzie Investments partnership, and TFSA/RRSP/RESP/RRIF/LIRA/LIF registered plans), and commercial banking (commercial real estate financing, daycare financing, insurance brokerage financing, international trade services). The technology stack includes LBCDirect (online banking with $3,000/transaction e-Transfer limits), a mobile app with biometric login, AI/ML-based fraud detection including deepfake detection, and payment integrations with Visa, Interac, Apple Pay, and Google Pay. Subsidiaries include B2B Bank (broker services), LBC Digital, Northpoint Commercial Finance (inventory and equipment financing), Laurentian Bank Securities (capital markets), LBC Financial Services, and trust entities.

Revenue is generated primarily through net interest income (spreads on a ~$36.2B loan book funded by a ~$24.3B deposit base as of Q1 2026) and non-interest income (credit card annual fees and interchange, account maintenance fees, transaction fees exceeding plan limits, mutual fund distribution commissions via Mackenzie, and ATM/network access fees). The bank is undergoing a transformative split sale transaction announced December 2, 2025: Fairstone Bank will acquire all outstanding shares for ~$1.9 billion at $40.50/share, while National Bank of Canada will acquire the retail and SME banking portfolios plus a $646M syndicated loan portfolio (already completed February 2026). Upon closing in late 2026, Laurentian will become a wholly owned subsidiary of Fairstone, retain its brand and Montreal head office, and refocus on specialty commercial banking.

Name

Laurentian Bank of Canada

Legal name

Laurentian Bank of Canada

Website

https://laurentianbank.ca

Company type

Public

Founded year

1846

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Laurentian Bank of Canada is a Montreal-based Schedule I Canadian bank (TSX:LB, 8th largest in Canada, ~$47.5B in assets) serving personal, business, and specialized commercial customers through 57 branches, digital channels, and a 3,000+ ATM network, currently undergoing a transformative sale to Fairstone Bank and National Bank.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

Keywords

• Retail banking services
• Commercial lending
• Residential mortgages
• Wealth management
• Digital banking

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices50 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income from lending activities including mortgages, personal loans, and commercial loans minus interest paid on deposits. Core revenue stream from spread between loan yields and deposit costs.
2. Non-Interest Income: Fee income from account maintenance, transactions exceeding plan limits, credit card annual fees and interchange, investment product distribution through LBC Financial Services, and ATM/network access fees.
3. Investment Products Distribution: Distribution of mutual funds through LBC Financial Services (subsidiary) via Mackenzie Investments partnership, generating management fee commissions and sales charges on registered plans (TFSA, RRSP, RESP, RRIF, LIRA, LIF) and non-registered accounts.
4. Credit Card Revenue: Annual fees from Visa credit cards (Infinite $130, Cashback $65, Reduced Rate $30, Reward Me $0), interchange fees on transactions, interest charges on revolving balances, and instalment plan fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels10 records

Core offering

Laurentian Bank of Canada is a Canadian Schedule I bank offering personal banking, business banking, and wealth management products across Canada. Core offerings include chequing and high-interest savings accounts, Visa credit cards (Infinite, Cashback, Reward Me, Reduced Rate), residential mortgages (fixed and variable), personal and student loans, lines of credit, registered retirement and education plans (TFSA, RRSP, RESP, RRIF, LIRA, LIF), GICs, mutual funds distributed through Mackenzie Investments, and specialized commercial financing for real estate developers, daycare operators, and insurance brokerages. The bank serves customers through a hybrid network of 57 branches, the LBCDirect online and mobile banking platform, and access to 3,000+ ATMs via THE EXCHANGE Network.

Product overview

Laurentian Bank of Canada operates as a diversified financial services institution offering personal banking, business banking, and wealth management products through a multi-channel distribution network of branches, digital banking platforms, and subsidiaries. The core banking products include chequing and savings accounts with tiered interest rates, Visa credit cards (Infinite, Cashback, Reward Me, Reduced Rate), residential mortgages (variable and fixed rate), personal loans, lines of credit, and registered investment accounts (TFSA, RRSP, RESP, RRIF, LIRA, LIF). Investment offerings encompass fixed-rate and market-linked GICs, mutual funds distributed through Mackenzie Investments including the Mackenzie Gold Bullion Fund, and LBC Financial Services. The bank serves business clients through commercial real estate financing, daycare financing, insurance brokerage financing, and international trade services. Subsidiaries include B2B Bank (broker services), LBC Digital (digital platform), Northpoint Commercial Finance (inventory and equipment financing), and Laurentian Bank Securities (capital markets). Digital banking is delivered through LBC Direct online and mobile platforms with biometric authentication. The bank is currently undergoing strategic transformation, with retail and SME operations being sold to National Bank while commercial operations will combine with Fairstone Bank.

Differentiator

Problem solved

Functional benefit

Brands

• B2B Bank: Banking services for professionals and businesses
• LBC Digital
• Laurentian Bank Securities
• Northpoint Commercial Finance
• LBC Financial Services

Products and services

• Chequing Accounts Personal chequing accounts offered in Unlimited, Preferred, Basic, Youth, and Seniors tiers with varying transaction limits and monthly fees, designed for everyday personal banking needs.
• High Interest Savings Account (HISA) High-interest savings account with tiered interest rates based on balance (1.00%-3.20%), daily interest calculation, and monthly interest payments, redeemable anytime.
• Laurentian Bank Visa Infinite Premium rewards credit card with $130 annual fee, offering travel insurance, purchase protection, and enhanced rewards on eligible purchases.
• Laurentian Bank Visa Cashback Cash back rewards credit card with $65 annual fee, earning cash back rewards on eligible purchases.
• Laurentian Bank Visa Reward Me No-fee rewards credit card earning points on eligible purchases, with no annual fee and various redemption options.
• Laurentian Bank Visa Reduced Rate Low-interest credit card with reduced purchase and balance transfer rates of 12.49% and a $30 annual fee.
• Fixed-Rate Mortgage Residential mortgage with a fixed interest rate and stable payments throughout the loan term, providing payment certainty.
• Variable-Rate Mortgage Residential mortgage with interest rate that changes based on Laurentian Bank's prime rate, offering potential savings when rates decrease.
• Equity Line of Credit Revolving credit line secured against home equity, offering flexibility and competitive interest rates.
• Personal Loan Fixed or variable rate personal loans for vacations, home renovations, debt consolidation, and other personal projects.
• Personal Line of Credit Low-rate flexible revolving credit line for meeting various personal financial needs.
• Student Loan Student financing leveraging provincial programs to minimize financial workload during studies.
• Student Line of Credit Credit line for full-time students with flexible borrowing during studies, requiring only interest payments while in school.
• RRSP Loan Loan product to maximize RRSP contribution limits and take advantage of tax benefits for retirement savings.
• Registered Investment Plans Tax-advantaged registered accounts including TFSA, RRSP, RESP, RRIF, LIRA, and LIF offering tax-sheltered or tax-deductible growth, government grant matching, and retirement income conversion.
• Guaranteed Investment Certificates (GICs) Fixed-rate and market-linked GICs with principal guarantee available in terms from 3 months to 10 years.
• Mutual Funds (LBC Financial Services) Mutual funds distributed through LBC Financial Services (wholly-owned subsidiary) via Mackenzie Investments partnership, including Mackenzie Gold Bullion Fund, Symmetry Portfolios, Monthly Income Portfolios, and ESG funds.
• Private Banking Wealth management and customized banking solutions for high-net-worth individuals with personalized financial planning, investment management, and tax/estate strategies.
• Commercial Real Estate Financing Tailored financing solutions for residential, industrial, and commercial real estate projects with personalized service and flexibility.
• Daycare Financing Specialized financing for daycare owners and subsidized private daycare projects across Canada.
• Insurance Brokerage and Financial Services Financing Customized financing solutions for insurance brokerage and financial services firms at various growth stages.
• International Services Import/export transaction support, international settlements, and foreign currency exchange services for business clients.
• LBC Direct Online and Mobile Banking Digital banking platform enabling customers to manage accounts, transfer funds, pay bills, view transactions, access credit card information, and perform Interac e-Transfers, with biometric and 2-step verification security.
• B2B Bank Services Wholly-owned subsidiary providing banking services to brokers, investment dealers, and professionals; remaining at Laurentian Bank post-acquisition.
• Northpoint Commercial Finance Wholly-owned subsidiary specializing in inventory and equipment financing for commercial clients; remaining at Laurentian Bank post-acquisition.
• Laurentian Bank Securities Wholly-owned securities subsidiary providing capital markets activities and investment services.
• Assur-Payment Credit Card Insurance Credit card insurance offering payment protection, advisory services, and health and wellness assistance.

Quantifiable outcome

• 4% loan growth in Q1 2026 aligning with transformation plan
• +1 more outcomes

Named customers1 record

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability4 records

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Société Financière BourgieminorStrategic or Co-development Partner · 23 February 2026Partnership supporting Groupe HD's 175-unit residential rental project in Pierrefonds, west Montreal. Laurentian Bank providing financing support for the development. Partnership relationship began in 2021 and continues with new construction project scheduled to begin summer 2026.
• Mackenzie InvestmentscoreStrategic or Co-development PartnerMackenzie Investments provides mutual fund management for LBC Financial Services (wholly-owned subsidiary of Laurentian Bank). Distribution partnership offering Mackenzie Gold Bullion Fund, Symmetry Portfolios, Monthly Income Portfolios, and ESG funds. Mackenzie has over $185 billion in assets under management with 17 specialized investment teams. Mutual funds distributed through Laurentian Bank advisors and branches.
• Home TrustminorStrategic or Co-development PartnerPartnership between Fairstone and Home Trust to promote financial literacy in Canada. While technically Fairstone partnership, mentioned in context of Laurentian Bank's strategic acceleration. Focuses on consumer financial education initiatives.

Scale indicators16 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Canadian Imperial Bank of Commerce (CIBC): CIBC is one of Canada's Big Six banks providing the full retail, commercial, and wealth management product suite that overlaps with Laurentian Bank's offerings. CIBC competes across all of Laurentian's served segments nationally and in Quebec.
• Desjardins Group: Desjardins is the largest cooperative financial group in Canada and a major Quebec-based institution offering retail, business, and wealth services. Desjardins competes directly with Laurentian across personal and commercial banking in Quebec and overlaps with credit union markets and Caisse network services.
• Bank of Nova Scotia (Scotiabank): Scotiabank is a Canadian Big Six bank providing personal, commercial, and wealth services overlapping with Laurentian Bank. Scotiabank competes in retail, small business, and commercial lending and is a direct competitor in Quebec and Ontario markets.
• Bank of Montreal (BMO): BMO is one of Canada's Big Six banks with a comparable retail, commercial, and wealth product mix. BMO's recent Bank of the West acquisition expanded U.S. reach, and BMO competes directly with Laurentian across personal and business banking categories in Quebec and Ontario.
• Toronto-Dominion Bank (TD): TD is one of Canada's largest banks with retail, commercial, and wealth operations that overlap with Laurentian Bank's full-service offerings. TD is a direct competitor across chequing, savings, mortgages, credit cards, and business lending in the Canadian market.
• Royal Bank of Canada (RBC): RBC is Canada's largest bank and operates a comprehensive set of personal, commercial, and wealth products comparable to Laurentian's full suite. RBC competes in every segment Laurentian serves and across the same geographies.

Emerging players

• Equitable Bank: Equitable Bank is a Canadian Schedule I bank focused on alternative retail mortgage and deposit products with EQ Bank as its digital arm. It competes with Laurentian in retail deposits, savings products, and mortgage origination, especially through digital channels.
• Home Trust (Home Bank subsidiary): Home Trust is a Canadian Schedule I bank providing residential mortgages, deposit products, and consumer lending. The company is the Fairstone/Home Trust financial literacy partnership referenced in Laurentian's strategic transactions, and operates in adjacent retail banking segments in Canada.

Direct peers

• National Bank of Canada: National Bank is acquiring Laurentian Bank's retail and SME banking portfolios and syndicated loans, making it a direct competitor in Canadian retail and commercial banking. Both are Canadian Schedule I banks headquartered in Quebec with overlapping deposit, lending, and wealth management operations serving similar Quebec and Ontario customers.
• Fairstone Bank of Canada: Fairstone Bank is acquiring Laurentian Bank wholesale and will operate it as a wholly-owned specialty commercial subsidiary. Fairstone is a Canadian federally regulated bank focused on consumer lending and near-prime credit; it and Laurentian both operate under OSFI oversight and offer deposit and lending products in Canada.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BLaurentienne
• YouTubeyoutube.com/user/banquelaurentienne
• Facebookfacebook.com/BLaurentienne
• LinkedInlinkedin.com/company/12074

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Laurentian Bank of Canada