Montréal, March 15th,2021-Laurentian Bankof Canada(TSX:LB)is pleased to announce the appointment of Thierry Langevin as President of LBC Capital.LBC Capital is a fully ownedsubsidiary of Laurentian Bank of Canada specialized in equipment financing and is a keycomponent of the Bank’s Commercial Banking growth opportunity.

Thierry joined Laurentian Bank in late 2013 as Vice President in the Commercial group with the mandate of starting anequipment financing armin the Bank, which launched in 2014. Theexpansionof that group led to the acquisition of CIT Canada in 2016.Thierry’s leadership contributed to the successful integration of the CIT business, the creation of LBC Capital and the deployment of a new end-to-end leasingplatformto support the business growth.This first successful acquisition in equipment finance led the way for asecond one in 2017,Northpoint Commercial Finance, our North AmericanInventory Financing subsidiary.With both LBC Capital and Northpoint Commercial Finance, we have a solid end-to-end equipment financing platform that is recognized for its simplicity and excellent customer service.

“Thierry’s dedication to the success of our business, as well as his ability to develop key talent for the organization led to this well-deserved promotion,” said Éric Provost, ExecutiveVice President of Commercial Banking. “In this role, Thierry will be focused on ensuring the continued growth of our equipment finance portfolio and on delivering key initiatives to accelerate the automation and efficiencies of our processes.”