The Financial Post reports in its Friday, March 8, edition that Laurentian Bank of Canada and Rania Llewellyn are still discussing her severance pay, which has not been finalized yet. A Bloomberg dispatch to the Post reports that Ms. Llewellyn, who was the former chief executive officer of the bank, was terminated unexpectedly in October last year. The decision came after the bank's strategic review failed to find a buyer and during a widespread system failure that caused disruptions in customer deposits, bill payments and other services. The bank disclosed the status of her exit pay in its annual proxy circular, which was submitted to regulators on Tuesday. According to a recent circular, the exact amount of the termination payment has not yet been resolved. Laurentian also revealed that while Ms. Llewellyn was removed from her position as president and CEO on October 1, she was not officially terminated until Oct. 30. The disclosure was made in a brief footnote. Montreal's La Presse was the first to report on this document. An unnamed bank spokesman told Bloomberg on Wednesday: "We are working toward a resolution with our former CEO. As these conversations are still ongoing, we cannot provide further information."