May 10, 2011 (Canada NewsWire Group) --
MONTREAL, May 10 /CNW Telbec/ - In view of the calamitous conditions confronting victims of the flooding in the Montérégie region, Laurentian Bank is implementing a series of measures in aid of its affected clients in the area. These actions are essentially aimed at easing the burden of local families by deferring mortgage loan, personal loan and line of credit payments for a period of up to four months.
The Bank is also offering its business clients in the affected area special arrangements for commercial credit. Individual and commercial clients are invited to contact their branch or Commercial Loan Centre to take advantage of these provisions. Depending on the specific circumstances surrounding each particular case, certain conditions may apply.
About Laurentian Bank
Laurentian Bank of Canada is a banking institution operating across Canada and offering its clients diversified financial services. Distinguishing itself through excellence in service, as well as through its simplicity and proximity, the Bank serves individual consumers and small and medium-sized businesses. The Bank also offers its products to a wide network of independent financial intermediaries through B2B Trust, as well as full-service brokerage solutions through Laurentian Bank Securities.
Laurentian Bank is well established in the Province of Quebec, operating the third-largest retail branch network. Elsewhere throughout Canada, it operates in specific market segments where it holds an enviable position. Laurentian Bank of Canada has more than $23 billion in balance sheet assets and more than $15 billion in assets under administration. Founded in 1846, the Bank employs more than 3,700 people.
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