The Globe and Mail reports in its Friday, Sept. 1, edition that Laurentian Bank of Canada is continuing its search for a buyer after a few months on the auction block while it continues to work through its three-year turnaround plan. The Globe's Stefanie Marotta writes that Laurentian said in its third quarter release Thursday that the process continues and that it does not plan on providing further details until it is complete. The move to sell stunned analysts and investors as Laurentian Bank was halfway through its three-year strategic plan to overhaul its business after years of weak performance. Since launching the plan, the bank has revamped its digital banking experience and trimmed its operations to target specialized niches. Currently in the second phase of the turnaround, Laurentian has been focused on growing its deposit base and further simplifying its business. Laurentian said Thursday that the bank is still committed to its strategic plan. Since the launch of its turnaround plan, the bank said it has exceeded all of its financial targets. Its return on equity has hovered below 10 per cent, significantly lower than its rivals. In the third quarter, it slipped to 1.5 per cent to 6.9 per cent.