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Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Laurentian Bank Financial Group Announces Leadership Reorganization
Friday, 22 Jun 2018 

June 21 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK FINANCIAL GROUP ANNOUNCES LEADERSHIP REORGANIZATION.  Full Article

Laurentian Bank Financial Group Announces Progress On Mortgage Situation
Wednesday, 30 May 2018 

May 29 (Reuters) - Laurentian Bank of Canada ::LAURENTIAN BANK FINANCIAL GROUP ANNOUNCES PROGRESS ON MORTGAGE SITUATION.LAURENTIAN BANK OF CANADA - SUCCESSFULLY RESOLVED IDENTIFIED ISSUES RELATED TO MORTGAGE LOANS PURCHASED BY THIRD-PARTY PURCHASER.LAURENTIAN BANK OF CANADA - CO HAS AGREED WITH CMHC ON A CLEAR ACTION PLAN TOWARDS RESOLUTION ON CMHC SECURITIZATION PROGRAM.LAURENTIAN BANK OF CANADA - AS PART OF AGREEMENT, CO WILL REPURCHASE ADDITIONAL $115 MILLION OF BRANCH ORIGINATED INELIGIBLE MORTGAGES DURING Q3.LAURENTIAN BANK OF CANADA - BASED ON RESULTS OF CMHC'S NORMAL COURSE AUDIT BANK ESTIMATES MORTGAGE LOANS TO BE REPURCHASED AT BETWEEN $125 MILLION & $150 MILLION.LAURENTIAN BANK OF CANADA - WILL ALSO PROVIDE CMHC WITH A $20 MILLION CASH RESERVE DEPOSIT PENDING CONCLUSION OF REVIEW.LAURENTIAN BANK OF CANADA - IS UNDERTAKING TO COMPLETE A REVIEW OF ALL B2B BANK AND BRANCH-ORIGINATED MORTGAGE LOANS PORTFOLIO INSURED BY CMHC.LAURENTIAN BANK OF CANADA - DURING Q2, CMHC COMPLETED A NORMAL COURSE AUDIT OF BANK'S PORTFOLIO INSURED MORTGAGE LOANS.  Full Article

Laurentian Bank Of Canada says on Dec 5, disclosed issues arising from a review of mortgages that it had sold to a third party purchaser
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank Of Canada - On Dec 5, co disclosed issues arising from a review of mortgages that it had sold to a third party purchaser.Laurentian Bank Of Canada says does not believe matters related to the mortgages are material to business, capital, operations, funding.Laurentian Bank - the disclosed issues resulted in co repurchasing some mortgages & may result in it being required to repurchase additional mortgages.Laurentian Bank Of Canada says has available liquidity on hand to repurchase affected mortgages.Laurentian Bank Of Canada - affected mortgages are performing "in line" with co's overall residential mortgage portfolio.Laurentian Bank - estimated value of mortgages that may be repurchased from third party buyer is about 1.6 pct of co's total residential mortgage portfolio.  Full Article

Laurentian Bank Financial Group Reports Q4 Adjusted Earnings Per Share C$1.63
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Laurentian Bank Of Canada ::LAURENTIAN BANK FINANCIAL GROUP REPORTS 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$1.63.Q4 REVENUE C$268 MILLION VERSUS I/B/E/S VIEW C$258.3 MILLION.Q4 EARNINGS PER SHARE VIEW C$1.55 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE C$1.42.PROVISION FOR CREDIT LOSSES INCREASED TO $11.5 MILLION FOR Q4 OF 2017 FROM $10.3 MILLION FOR Q4 OF 2016​.IMPAIRMENT AND RESTRUCTURING CHARGES AMOUNTED TO $5.7 MILLION FOR Q4 OF 2017 COMPARED WITH $38.3 MILLION FOR Q4 OF 2016.QTRLY NET INTEREST INCOME INCREASED BY $27.5 MILLION OR 18% TO $176.2 MILLION.  Full Article

Laurentian Bank Of Canada announces offering of subordinated notes
Friday, 16 Jun 2017 

June 15 (Reuters) - Laurentian Bank Of Canada ::Laurentian Bank Of Canada announces offering of subordinated notes (NVCC).Laurentian Bank Of Canada announces offering of subordinated notes (NVCC).Laurentian Bank Of Canada says announced today an offering of $350 million principal amount of 4.25pct notes due June 22, 2027.Laurentian Bank Of Canada - notes will bear interest at a fixed rate of 4.25pct per annum until June 22, 2022.Laurentian Bank Of Canada - issuance of notes is expected to close on June 22, 2017.  Full Article

Laurentian Bank Of Canada will merge fifty branches over next eighteen months
Thursday, 29 Sep 2016 

Laurentian Bank Of Canada : Will merge fifty branches over next eighteen months .Says mergers will lead to a reduction of about three hundred positions.  Full Article

Laurentian Bank sets regular quarterly dividend of C$0.60 per share
Wednesday, 31 Aug 2016 

Laurentian Bank Of Canada :Sets regular quarterly dividend of c$0.60per share.  Full Article

Laurentian Bank Q3 adjusted EPS C$1.37
Wednesday, 31 Aug 2016 

Laurentian Bank Of Canada : Laurentian Bank reports third quarter 2016 results . Q3 earnings per share C$1.34 . Q3 revenue rose 1 percent to C$229.1 million . Q3 earnings per share view C$1.40 -- Thomson Reuters I/B/E/S . Common equity tier 1 capital ratio stood at 7.9% as at july 31, 2016, compared with 7.9% as at april 30, 2016 . Q3 revenue view C$229.1 million -- Thomson Reuters I/B/E/S . Qtrly common equity tier 1 capital ratio stood at 7.9% as at July 31, 2016, compared with 7.9% as at April 30, 2016 . Entered into a new outsourcing agreement with IBM Canada to manage infrastructure and storage operations .Net interest income increased by $0.8 million or 1% to $148.0 million for q3 of 2016.  Full Article