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MONTREAL, May 26, 2021 (GLOBE NEWSWIRE) Laurentian Bank of Canada (TSX: LB) is pleased to announce a historic milestone – its 175-year anniversary today. The Bank is proud to have been a part of the fabric of our country for 175 years and will be celebrating this great achievement with employees, customers, and its communities throughout the year.
On May 26, 1846, the Montreal City and District Savings Bank was founded by Monsignor Ignace Bourget, second Bishop of Montreal, and by a group of 15 prominent Montrealers from many linguistic and denominational communities. After its first year of operation, the Bank had $117,400 in assets. The Montreal City and District Savings Bank became the Laurentian Bank of Canada in 1987, and today has $45.2 billion in balance sheet assets and $29.2 billion in assets under administration.
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