Laurentian Buys 43 Scotiabank Branches

On November 1, 2000, Laurentian Bank of Canada (Laurentian) completed its purchase of 43 branches of Scotiabank in Quebec. The purchase, involving assets valued at approximately $1.8 billion, was completed in accordance with an asset purchase agreement signed on September 22, 2000. Laurentian, which ranks seventh among Canadian Schedule 1 banks, holds assets of approximately $17 billion.

Laurentian Bank was represented by its Vice-President, Legal Affairs and Compliance, Lorraine Pilon, and by Manon Guesthier of Ogilvy Renault’s Montreal office. Other members of the Ogilvy team included Denis Gascon on competition matters and Marc Duquette and Jean Daigle on regulatory and securities matters. Scotiabank was represented by Daryl McLean and John Sullivan of McCarthy Tétrault.


Manon Guesthier Jean Daigle Denis Gascon Pierre Duquette John T. Sullivan