Laurentian Bank is proud to announce that its subsidiaries LBC Capital and Northpoint Commercial Finance (NCF) 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.
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. 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.
For more information, we invite you to read the press release.