Withdrawal of complaints regarding the revocation of union certification covering Laurentian Bank employees

MONTREAL, April 21, 2021 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) announces that following the resolution of the union’s grievances against the Bank, the Syndicat des employées et employés professionnels-les et de bureau, section locale 434, SEPB-CTC-FTQ, has withdrawn its complaints with respect to the decertification held at the Bank and other issues. On March 19, 2021, the Bank was informed by the Canada Industrial Relations Board (CIRB) that its unionized employees had voted in favour of the decertification. The withdrawal of the complaints is the final step before approval of the decertification by the CIRB.

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We may, from time to time, make written or oral forward-looking statements within the meaning of applicable securities legislation, including in this document and the documents incorporated by reference herein, and in other documents filed with Canadian regulatory authorities or in other written or oral communications. Forward-looking statements include, but are not limited to, statements regarding our business plans and strategies, priorities and financial objectives, the regulatory environment in which we operate, the anticipated impact of the coronavirus ("COVID-19") pandemic on the Bank’s operations, earnings results and financial performance and statements under the headings “Outlook”, “COVID-19 Pandemic” and “Risk Appetite and Risk Management Framework” contained in our 2020 Annual Report for the year ended October 31, 2020 (the "2020 Annual Report"), including the Management’s Discussion and Analysis for the fiscal year ended October 31, 2020 and other statements that are not historical facts. Forward-looking statements typically are identified with words or phrases such as "believe”, “assume”, "estimate", "forecast", “outlook”, "project", “vision”, "expect", “foresee”, "anticipate", "plan", "goal", “aim”, "target", "may", "should", "could", "would", "will", "intend" or the negative of these terms, variations thereof
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