Laurentian Bank of Canada (LRCDF) (TSX:LB) is the smallest of the seven legacy schedule 1 chartered banks in Canada. It has three main operating segments: its Personal and Commercial Banking business; B2B Bank, which serves a large financial advisor/broker network; and Laurentian Bank Securities, which is its full service brokerage and capital markets operation.
LB’s market cap is just C$1.7 billion (small compared to Canada’s largest bank - Royal Bank (RY) with a market Cap of C$148.5 billion). However, it is deeply embedded in the landscape of Canada’s second largest province,