The cases of the Three Rivers, and Laviolette merge

Les Caisses des Trois-Rivières et Laviolette fusionnent

THREE-RIVERS — Desjardins continues its movement collections in the region. The Caisses Desjardins des Trois-Rivières and Laviolette are going to merge, so that the new Caisse Desjardins de Trois-Rivières will be born on January 1, 2019.

At an extraordinary general meeting held on Monday, the members of the Caisse Desjardins des Trois-Rivières, voted 96% for the combination, while the support of the members of the Caisse Desjardins Laviolette has reached 92 %.

According to Marili Desrochers, president of the Caisse Desjardins des Trois-Rivières, the merger of the two funds is based on a desire to eliminate some of the drawbacks for members, and not on a desire to reduce the number of employees or the number of service centres.

“The territory was the boundary between the two crates. It is located a few blocks from one another, but we can’t respond to such a service if you are not in your cashier. When we discussed the draft terms of merger, we heard these irritants from the members. We conducted a feasibility study since last year. It has been analyzed to see if it was a good project. And the result is quite strong,” says Ms. Desrochers.

The new fund will bring together 73 000 members and has assets of a little over two billion dollars. The grouping includes all the points of Desjardins services sectors Trois-Rivières and Trois-Rivières-Ouest.

The 178 employees of both banks will continue with their work. All service points are maintained and no atm’s will be closed. In addition, members have had the assurance to maintain their folio number and will continue to do business with their financial advisor.

“It is not an objective of economy of scale, says the president. And it has an important role as an employer. By coming together, we offer a better prospect of career development.”

The head office of the Caisse Desjardins de Trois-Rivières will be located on the boulevard Jean-XXIII. The fact that Desjardins is the owner of the premises, contrary to the head office of the Caisse Desjardins Laviolette on boulevard des Récollets, has weighed in the balance.

The financial markets Authority must authorize this merger, which is expected to occur in the coming months.

This project of consolidation following two years that achieved in the sector Cap-de-la-Madeleine, where the Caisse Desjardins de l’est de Trois-Rivières has been created. According to Marili Desrochers, a fusion with the caisse is not in the short-term plans.

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