TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
October 30, 2024
Source: Northpoint Commercial Finance
MONTREAL, Oct. 29, 2024 /CNW/ – Laurentian Bank (TSX: LB) is proud to announce its LBC Capital and Northpoint Commercial Finance (Northpoint) subsidiaries are uniting under one brand, Northpoint Commercial Finance, as of November 1, 2024. The merging of these two brands is a natural and anticipated evolution of this business, allowing for streamlined efficiencies and offerings for its customers throughout North America.
This new harmonized brand will provide:
- A stronger positioning and branding in the North American market.
- New cross-sale opportunities to generate asset and revenue growth.
- The optimization of an end-to-end platform to better serve the equipment industry, from manufacturers and dealers to end-users.
Since the inception of its equipment finance business in 2014 and the acquisition of Northpoint in 2017, both divisions have been growth engines for Laurentian Bank. The combination of these two specialized lending platforms will position Northpoint as one of the top providers in equipment financing in Canada and inventory financing in Canada and the U.S, with a portfolio of $5.5 billion dollars. Both LBC and Northpoint will continue to leverage the same team of professionals that our customers and partners have come to know and trust.
With its world-class NPS rating, a renowned customer-service approach, and years of real-world industry expertise, Northpoint leads the equipment and inventory finance industries in providing its partners and customers with flexible financing solutions to help them thrive.
“Merging these two divisions is in line with our Commercial Banking and overall business strategy and a proof point of our simplification roadmap,” said Éric Provost, President and CEO of Laurentian Bank. “We believe there are many opportunities for growth in the specialized lending market, as presented at our Investor Day on May 31, 2024, and are looking forward to deepening our strong relationships and creating new ones with partners and customers across North America.”
Under the leadership of Dan Radley, President and CEO, Northpoint Commercial Finance, the combined entity will report directly to Éric Provost and be proudly powered by Laurentian Bank.
About Laurentian Bank
Founded in Montréal in 1846, Laurentian Bank wants to foster prosperity for all customers through specialized commercial banking and low-cost banking services to grow savings for middle-class Canadians.
With a workforce of approximately 2,800 employees, the Bank offers a wide range of financial services and advice-based solutions to customers across Canada and the United States. Laurentian Bank manages $47.5 billion in balance sheet assets and $26.9 billion in assets under administration.
SOURCE Laurentian Bank of Canada
Information: Mélanie Bouchard, Laurentian Bank, media@blcgf.ca