MONTREAL, Feb. 26, 2015 /CNW Telbec/ - Laurentian Bank of Canada (LB:TO)
announced today the release of its Notice of Annual Meeting of
Shareholders, along with its Management Proxy Circular. The Circular is
available on SEDAR, as well as in the Investor Relations section of the Bank's Internet site.
The annual shareholders' meeting will be held on April 1, 2015 at the
Monument-National in Montréal. The Circular contains all the necessary
information to enable shareholders to exercise their rights to vote on
the presentation of financial statements, the nomination of the
auditor, the consultative vote on named executive officer compensation
and a shareholder proposal. The Circular also contains information on
the evaluation and compensation of the Bank's executive officers.
In addition, the Circular provides all necessary information to allow
shareholders to vote on the election of the Bank's Directors. For that
purpose, the 13 proposed nominees are:
Lise Bastarache, Economist and Corporate Director
Jean Bazin, Q.C., Counsel with Dentons Canada LLP
Richard Bélanger, FCPA, FCA, President, Toryvel Group Inc.
Michael T. Boychuk, FCPA, FCA, President, Bimcor Inc.
Isabelle Courville, Corporate Director and Chairman of Laurentian Bank's
Board of Directors
Pierre Genest, FCIA, FSA, Chairman, SSQ Life Insurance Company Inc.
Michel Labonté, Corporate Director
A. Michel Lavigne, FCPA, FCA, Corporate Director
Jacqueline C. Orange, Corporate Director
Réjean Robitaille, FCPA, FCA, President and CEO, Laurentian Bank
Michelle R. Savoy, Corporate Director
Jonathan I. Wener, C.M., Chairman of the Board and Chief Executive
Officer, Canderel Holdings Inc.
Susan Wolburgh Jenah, Corporate Director
In 2014, Laurentian Bank posted very solid results, with an adjusted net
income of $163.6 million ($140.4 million on a reported basis) and an
adjusted diluted net income per share of $5.31 ($4.50 on a reported
basis). This was the eighth consecutive year of record results for the
Bank on an adjusted basis.
About Laurentian Bank
Laurentian Bank of Canada is a banking institution whose activities
extend across Canada. The Bank serves one and a half million clients
throughout the country and employs more than 3,700 people whose talent
and dedication has made it a major player in numerous market segments.
The Bank has more than $37 billion in balance sheet assets and more
than $42 billion in assets under administration.
Laurentian Bank distinguishes itself through the excellence and
simplicity in its services. As such, the Bank caters to the needs of
retail clients via its branch network and virtual offerings. The Bank
has also earned a solid reputation among small and medium sized
enterprises and real estate developers thanks to its specialized teams
across Canada, namely in Ontario, Québec, Alberta, British Columbia and
Nova Scotia. For their part, B2B Bank is a Canadian leader in providing
banking and investment products and services to financial advisors and
brokers, while the expertise and effectiveness of Laurentian Bank
Securities' integrated brokerage services are known nationwide.
SOURCE Laurentian Bank of Canada
For further information:
Public Affairs, Communications and Investor Relations
514 284-4500, extension 7511