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The bank said Stéphane Therrien, who currently serves as executive vice president of personal & commercial banking, will take over as interim president and CEO.
The lender said its board has established a special committee to immediately undertake the search for a new president and CEO.
Laurentian Bank cut its second-quarter dividend by 40% in May, citing a highly uncertain economic environment after the COVID-19 outbreak, even as other Canadian banks pledged to maintain payouts through the crisis.
