Sonia Baxendale Appointed to Laurentian Bank's Board of Directors

MONTREAL, Aug. 31, 2016

Ms. Baxendale is well known within the Canadian banking and wealth management industry. She worked as a senior executive at CIBC for two decades. She left CIBC in 2011 as President of Retail Banking and Wealth Management. Prior to that, she held various positions with Amex Bank of Canada and Saatchi & Saatchi. She is also a Board Member of CI Financial Corp. and Foresters Financial.

Her seasoned expertise combined with her extensive knowledge of the issues affecting the financial sector will complement Laurentian Bank's Board in terms of professional experiences, competencies and geographic representation. She will join the Audit Committee of the Bank.

About Laurentian Bank:

Laurentian Bank of Canada is a banking institution whose activities extend across Canada. The Bank serves one and a half million clients throughout the country and employs more than 3,600 people whose talent and dedication have made it a major player in numerous market segments. The Bank has more than $40 billion in balance sheet assets and more than $43 billion in assets under administration.

Laurentian Bank distinguishes itself through the excellence and simplicity of its services. The Bank caters to the needs of retail clients via its branch network. The Bank has also earned a solid reputation among small and medium-sized enterprises and real estate developers thanks to its specialized teams across Canada, namely in Ontario, Québec, Alberta, British Columbia and Nova Scotia. For their part, B2B Bank is a Canadian leader in providing banking and investment products and services to financial advisors and brokers, while the expertise and effectiveness of Laurentian Bank Securities' integrated brokerage services are known nationwide.