TORONTO, Sept. 3, 2013 /CNW Telbec/ - B2B Bank is pleased to announce
that, effective September 1, 2013, its amalgamation with AGF Trust
Company has been completed. The operations of the two companies will
now be joined under the B2B Bank brand.
With the completion of the legal merger, the two firms can now make
accelerated progress in integrating their activities, harmonizing
products and services and transitioning client accounts. "This marks a
special milestone for our bank," said Mr. François Desjardins,
President and Chief Executive Officer of B2B Bank. "With the
acquisitions of AGF Trust and MRS Trust earlier, we have added
considerable breadth and depth to our organization. B2B Bank is now
firmly positioned for growth across all lines of business." According
to Mr. Desjardins, "Because our firms have a similar advisor and
broker-focused business model, we are able to deliver an even more
comprehensive range of products and services to financial
professionals, serving Canadians from coast-to-coast."
"I would like to take this opportunity to express how grateful I am for
the ongoing support that we have received from the dealers, brokers,
fund manufactures and advisors who work with us and our accountholders
every day. I can assure them that our employees will maintain their
tireless efforts to provide them with the level of service they deserve
and support them in the integration process."
With this latest merger complete, B2B Bank now serves some 900,000
accountholders and has a workforce of over 800 employees with business
development representation from coast to coast.
About B2B Bank
B2B Bank is a leading provider of banking products to more than 27,000
financial advisors and brokers across Canada. Through the professional
advisor and broker channels, it offers a broad range of products and
services to consumers including: investment and RRSP loans, mortgages,
GICs, banking services, and investment accounts and services through
B2B Bank Dealer Services. B2B Bank has been proudly dedicated to
serving the needs of its clients for more than a decade, and it
continues to provide innovative products and solutions that help
advisors and brokers build rewarding relationships with their clients.
B2B Bank is a Schedule I bank with more than $13 billion in consumer
deposits, $9 billion in loans and mortgages, and more than $24 billion
in assets under administration. B2B Bank is a member of industry
associations serving the financial community and is also a member of
the Canada Deposit Insurance Corporation (CDIC). For more information
please visit b2bbank.com.
SOURCE: Laurentian Bank of Canada
For further information:
Public Affairs, Communications and Investors Relations
B2B Bank / Laurentian Bank