B2B Bank signs investments and RRSP loan program distribution agreements with
MONTREAL, Dec. 17, 2012 /CNW Telbec/ - B2B Bank and Assumption Mutual Life
Insurance Company (Assumption Life) have signed agreements for the
distribution of investment and RRSP loans. Under the terms ofthese
agreements, B2B Bank will offer preferred rates on investment and RRSP loans
to Canadian investors whopurchase eligible Assumption Life segregated funds
through licensed financial advisors and insurance agents.
"I am thrilled to be teaming-up with Assumption Life," says Anne Wright, Vice
President, Business Development at B2B Bank. "It's been a defining year in our
company's history, and adding Assumption Life to our list of Distribution
Alliances is just one of the ways we're building and strengthening our product
and service offering to advisors, agents and their clients."
"Being able to provide financial stability to our clientele is, and always has
been, the driving factor for our company. It was important to partner with a
lender that understands and delivers smart banking solutions," says Paul
LeBlanc, VP Administration - Individual Insurance and Financial Services at
Assumption Life. "B2B Bank has been in the investment lending business a long
time; their suite of flexible products and prudent approach to lending was the
For B2B Bank and Assumption Life, these programs represent an additional tool
for advisors and agents to use when helping clients reach their financial
About B2B Bank
B2B Bank is a Canadian leader in providing banking products to more than
27,000 financial advisors and brokers. Through the advisor and broker
channels, it offers a broad range of products and services to consumers
including, investment and RRSP loans, mortgages, GICs, banking services and
investment accounts. B2B Bank has been proudly dedicated to, and 100% focused
on, serving the needs of advisors and mortgage brokers for more than a decade.
A wholly-owned subsidiary of Laurentian Bank of Canada, it is a member of the
Canada Deposit Insurance Corporation (CDIC). As a Schedule I Canadian bank,
B2B Bank offers innovative products and solutions that help advisors and
brokers build a different and more rewarding banking experience for their
clients, one that enables and fosters independent financial advice. More
information about B2B Bank is available at b2bbank.com.
About Assumption Life
Founded in 1903, Assumption Life offers products that include life and group
insurance, financial services and mortgage loans. It is currently active in
all 10 Canadian provinces, the Northwest Territories, Yukon and Nunavut. The
company's main office is in Moncton, New Brunswick.
Manon Stébenne Senior manager, Media and Public Relations B2B Bank/Laurentian
Bank 514.284.4500 ext 8232 firstname.lastname@example.org
Nathalie Allaire Director, Communications and Marketing Assumption Life
SOURCE: B2B Bank
To view this news release in HTML formatting, please use the following URL:
CO: Laurentian Bank of Canada
NI: FIN FIN VNT
-0- Dec/17/2012 13:00 GMT
Press spacebar to pause and continue. Press esc to stop.