TORONTO, Sept. 3, 2013 /CNW Telbec/ - B2B Bank is pleased to announce that,
effective September 1, 2013, its amalgamation with AGF Trust Company has been
completed. The operations of the two companies will now be joined under the
B2B Bank brand.
With the completion of the legal merger, the two firms can now make
accelerated progress in integrating their activities, harmonizing products and
services and transitioning client accounts. "This marks a special milestone
for our bank," said Mr. François Desjardins, President and Chief Executive
Officer of B2B Bank. "With the acquisitions of AGF Trust and MRS Trust
earlier, we have added considerable breadth and depth to our organization. B2B
Bank is now firmly positioned for growth across all lines of business."
According to Mr. Desjardins, "Because our firms have a similar advisor and
broker-focused business model, we are able to deliver an even more
comprehensive range of products and services to financial professionals,
serving Canadians from coast-to-coast."
"I would like to take this opportunity to express how grateful I am for the
ongoing support that we have received from the dealers, brokers, fund
manufactures and advisors who work with us and our accountholders every day. I
can assure them that our employees will maintain their tireless efforts to
provide them with the level of service they deserve and support them in the
With this latest merger complete, B2B Bank now serves some 900,000
accountholders and has a workforce of over 800 employees with business
development representation from coast to coast.
About B2B Bank
B2B Bank is a leading provider of banking products to more than 27,000
financial advisors and brokers across Canada. Through the professional 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 and services through B2B Bank Dealer
Services. B2B Bank has been proudly dedicated to serving the needs of its
clients for more than a decade, and it continues to provide innovative
products and solutions that help advisors and brokers build rewarding
relationships with their clients.
B2B Bank is a Schedule I bank with more than $13 billion in consumer deposits,
$9 billion in loans and mortgages, and more than $24 billion in assets under
administration. B2B Bank is a member of industry associations serving the
financial community and is also a member of the Canada Deposit Insurance
Corporation (CDIC). For more information please visit b2bbank.com.
Gladys Caron Vice-President, Public Affairs, Communications and Investors
Relations B2B Bank / Laurentian Bank 416362-7211
SOURCE: Laurentian Bank of Canada
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CO: B2B Bank
NI: FIN MNA ACC
-0- Sep/03/2013 13:46 GMT
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