A first in Quebec's banking industry - Laurentian Bank innovates: 2 additional security barriers for online transactions

    MONTREAL, May 24 /CNW Telbec/ - Laurentian Bank of Canada is proud to
become the first banking institution in Quebec to implement new security
measures for its Internet LBCDirect transactional solution. The new features
include two additional authentication steps that grant the authorized user
access to Laurentian Bank's online banking services.
    "This triple authentication process, unique in the industry, stirred up
great enthusiasm among our clients," says Mr. Luc Bernard, Executive
Vice-President, Retail and SME Financial Services. "Our mechanisms to prevent
phishing fraud are among the most rigorous measures in the banking industry,
yet without compromising the simplicity and ease of use of our electronic
banking services."
    In addition to the traditional Access Code and Password combination used
by the majority of online transactional sites, the client must also answer one
of the three previously created secret questions and choose a pre-selected
personal image.
    During the implementation phase, users will be given a choice either to
proceed to the step-by-step configuration right away or to do so during their
next visit. They will have until August 21, 2007, to complete the new
configuration in order to reinforce their User Access.

    About Laurentian Bank of Canada

    Laurentian Bank of Canada is a Quebec banking institution operating
across Canada, dedicated to meeting the financial needs of its clients through
the excellence of its service, its simplicity and its proximity. The Bank
serves individual consumers, small and medium-sized businesses as well as,
through B2B Trust, independent financial advisors. It also provides
full-service brokerage solutions through the Laurentian Bank Securities
subsidiary. Laurentian Bank is well established in the Province of Quebec,
operating the third largest retail branch network and is a performing player
in specific market segments elsewhere in the country. Laurentian Bank of
Canada has over $17 billion in balance sheet assets and close to $15 billion
in assets under administration. Founded in 1846, the Bank employs more than
3,300 people. Its common shares are listed on the Toronto Stock Exchange (TSX:
LB). For more information, please visit www.laurentianbank.ca.

For further information:

For further information: Manon Stébenne, Senior Manager, Media and
Public Relations, Laurentian Bank of Canada, (514) 284-4500, ext. 8232

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Laurentian Bank of Canada

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