Breaking News

Tweet TWEET

B2B Bank and AGF Trust formally merge

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 
integration process." 
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 
gladys.caron@banquelaurentienne.ca 
SOURCE: Laurentian Bank of Canada 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/September2013/03/c9382.html 
CO: B2B Bank
ST: Ontario
NI: FIN MNA ACC  
-0- Sep/03/2013 13:46 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.