Laurentian Bank of Canada increases its USD base rate in Canada

MONTREAL, June 16, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) increases its USD base rate in Canada by 75 basis points from 4.50% to 5.25%, effective June 16, 2022.

About Laurentian Bank

At Laurentian Bank, we believe we can change banking for the better. By seeing beyond numbers.

Founded in Montréal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have more than 2,900 employees working together as one team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We protect, manage and grow $48.3 billion in balance sheet assets and $28.7 billion in assets under administration.

We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

Contact:

Merick SeguinSenior Manager, Media RelationsLaurentian Bank of CanadaMobile: 514 451-3201[email protected]

Source: Laurentian Bank of Canada

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