Laurentian Bank becomes the exclusive automatic banking machine supplier in the Montreal Metro with 70 ABMs

MONTREAL, June 19 /CNW Telbec/ - Laurentian Bank is pleased to announce that, subsequent to a call for tenders issued by Métrocom s.e.c., the company that manages the commercial spaces for the Société de transport de Montréal's (STM) Metro, it has been entrusted with the exclusive mandate to operate the automatic banking machines (ABMs) in all of the STM's Metro stations. The Bank will install 44 new ABMs in addition to the 26 already in place. Thus, these 70 machines will cover 63 different subway stations.

Thanks to the solidity of its offer to Métrocom, this coming August and September, the Bank will be replacing the 44 ATMs previously operated under other banners. Laurentian Bank has been recognized for the quality of the automated services it has been offering in the Metro since 1997, as well as for its expertise in operating ABMs outside of its branches in Québec. With this contract, Montréal Metro users will be able to benefit from unparalleled banking service backed by equipment that features state-of-the-art technology and high security.

"We are delighted to receive this show of confidence that demonstrates Laurentian Bank's leadership within Québec's banking sector," underlines Luc Bernard, Executive Vice-President, Retail and SME Québec. "There are close to 1.2 million rides provided through the STM network on any given day, and we are proud that Metro users will be able to enjoy Laurentian Bank's excellent services, whether they be our clients or not."

A Bank in Close Proximity and Readily Accessible to Clients

These new ATMs will bring the total number of units operated by Laurentian Bank in Québec to 396. With proximity and simplicity constituting values that are fundamental to the organization's approach to customer service, the expansion of its ABM network serves to reinforce its position as the third largest bank in Québec in terms of number of branches.

According to the latest Léger Marketing survey on the most admired companies published in February 2009 in Commerce magazine, Laurentian Bank ranks second in Québec within the financial institution category.

About Laurentian Bank

Laurentian Bank of Canada is a banking institution operating across Canada and offering its clients diversified financial services. Differentiating itself through excellence in service, as well as through its simplicity and proximity, the Bank serves individual consumers and small and medium-sized businesses. The Bank also offers its products to a wide network of independent financial intermediaries through B2B Trust, as well as full-service brokerage solutions through Laurentian Bank Securities.

Laurentian Bank is well established in the Province of Quebec, operating the third-largest retail branch network. Elsewhere throughout Canada, it operates in specific market segments where it holds an enviable position. Laurentian Bank of Canada has more than $20 billion in balance sheet assets and more than $13 billion in assets under administration. Founded in 1846, the Bank employs more than 3,400 people.

Contacts

Gladys Caron
Vice-President
Public Affairs
Communications and Investor Relations
(514) 284-4500
extension 7511
gladys.caron@banquelaurentienne.ca