In 1981 it purchased Laurentide Mortgage Corporation, which specialized in mortgage loan operations, and several active subsidiaries of Laurentide Financial Corporation. In 1986 it took over the Mercantile Bank of Canada. It also owns 67% of Levesque Beaubien Geoffrion Inc, one of Canada's largest and most influential brokerage houses.
Today, it conducts a general banking business and offers related financial services at over 600 branches and offices throughout Canada. In 1997 it had a net income of $342 million, assets of $66.2 billion and over 16 000 employees.
Author DEBORAH C. SAWYER
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