Appointment of Marie-Claude Lebel as President of Natbank

Montreal, 23 February 2010 - 

National Bank Financial Group announces the appointment of Marie-Claude Lebel as President and Chief Operating Officer of Natbank. Effective May 31, Mrs. Lebel will succeed Rosaline Cyr, who will join the Natbank Board of Directors.

Marie-Claude Lebel has an MBA from the Université du Québec à Montréal and is currently the Executive Vice-President of Natbank, with 32 years of experience in the banking and credit solutions field.

"With her wealth of experience in Canada and the United States, Mrs. Lebel is particularly well positioned to lead Natbank and continue to expand its presence and take advantage of business opportunities in southern Florida," stated Mrs. Kathleen Zicat, chair of the Natbank Board of Directors and Senior Vice-President - Sales and Service, Personal Banking at National Bank Financial Group. "Faced with the turbulence that rocked the U.S. economy, the Canadian banking system proved to be the model of stability. As part of the one client, one bank approach implemented last year, Natbank has an important role to play in offering its personal and commercial clients high-quality products and services specifically tailored to their needs."

As part of her new duties, Mrs. Lebel can depend on valuable advice from Mrs. Cyr, who will act as a business development consultant, and the solid team of experts at the Pompano Beach and Hollywood branches. Please note that Natbank is celebrating 15 years of serving clients in Florida this year.

About National Bank of Canada
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $132 billion in assets and, together with its subsidiaries, employs 17,747 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at
www.nbc.ca.

Information: (The telephone number provided below is for the exclusive use of journalists and other media representatives.)

Denis Dubé
Senior Manager – Public Relations
National Bank Financial Group
Tel. 514-394-8644
1-800-361-8688, ext. 8644