Laurentian Bank of Canada (LB) Price & News

The Laurentian Bank of Canada is a Schedule 1 bank. Since November 1, 2026, it has been a subsidiary of Fairstone Bank of Canada primarily serving large business clients, having sold its other lines of business to National Bank of Canada. The institution was established as the Montreal City and District Savings Bank in 1846. The bank's shares were publicly listed on the Montreal Stock Exchange in 1965 and the Toronto Stock Exchange in 1983. In 1987, the institution was renamed the Laurentian Bank of Canada. Prior to November 2026, it operated primarily in the province of Quebec, with commercial and business banking offices located in Ontario, Alberta, British Columbia, and Nova Scotia. It was the only bank in North America to have had a labour union, some 1,100 positions becoming unionized in 1967, with the rest of non-managerial positions joining decades later. In 2017, there was a failed attempt by the bank to decertify the Canadian Office and Professional Employees Union, but a majority of workers voted for union decertification in March 2021, leading the Canada Industrial Relations Board to revoke the union's certification in April 2021. Wikipedia

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