Montréal, September 18, 2024. – Laurentian Bank of Canada (TSX: LB) announces a decrease to its base rate in Canada of 50 basis points from 9.00% to 8.50%, effective September 19, 2024.

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Founded in Montréal in 1846, Laurentian Bank wants to foster prosperity for all customers through specialized commercial banking and low-cost banking services to grow savings for middle-class Canadians. With a workforce of approximately 2,800 employees, the Bank offers a wide range of financial services and advice-based solutions to customers across Canada and the United States. Laurentian Bank manages $47.5 billion in balance sheet assets and $26.9 billion in assets under administration.

Mélanie Bouchard

Associate Vice-President, Communications and Transformation

Laurentian Bank of Canada

media@blcgf.ca