The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

\Financial Concept Group forum Oct. 15th All employees of the branches will be retained, according to Robson and permanent changes in signage to the branch will be made one day after the deal officially closes on Oct. 31st. although temporary signs will be erected before that date. Neither company would reveal the sale price. The net galn for Laurentian will be about $550â€"million in assets and a similar amount in deposits. Laurentian takes over Manulife unit retail branches sold on Tuesday to Laurentian Bank of Canada. Two other branches were inâ€"house units at Manulife offices in Toronto and Waterloo. The Oakville Town Centre II branch of the Manulife Bank was 1 of 12 Laurentian Bank already has a branch in downtown Oakville that operâ€" ates on Lakeshore Road and Bob Robson, senior viceâ€"president for the Central and West region, told the Beaver that this branch will also be retained. "They each serve totally different markets," said Robson. "We‘ve signed a lease on the downtown branch and another is coming up for the other » one. Robson said there are a couple of other Ontario centres other than Oakville that will now have more than one Laurentian branch, including Barrie, Midland and Orillia. Manulife, which purchased the local branch as part of a buyout of smallâ€" er trust companies, has been finding the going tough since that Jan. 1993 purchase and now intends to pursue its core insurance business. Laurentian is the seventh largest Canadian bank with $10.1â€"billion in assets and has 48 branches in Ontario but that number swells to 250 branches across Canada when the deal is finalized. The nineâ€"month profit for Laurentian was $28.9â€"million or $1.37 a share. Oakvilleâ€"based Kelsey‘s Restaurants has reported a $1.3â€"million loss for the yearâ€"end July 3rd. This compares with earnings of $189,000 for a 44 week period ending July 4, 1993. Revenues for the firm were $56.3â€"million compared with $42.7â€"milâ€" lion. Earnings per share from continuing operations were .04 cents comâ€" pared with .03 cents. Net loss per share was .12 cents compared with earnâ€" ings of .02 cents for the period last year. The net loss for the year reflects a charge against earnings of $1.8â€"milâ€" lion as a discontinued operation following the closure of its Yucatan Beach Club night club operation. Company chairman and CEO Paul Jeffery said Kelsey‘s was extremely gratified by the stronger fourth quarter results from continuing operations. Same store sales increased markedly for virtually every unit the system during the quarter. The chain currently has 39 outlets with 20 owned by the company and the remainder franchised. Included in these numbers is the Montana‘s Rotisserie Chicken concept which consists of one franchised unit. The company is currently gearing up for expansion of the Kelsey‘s concept through corporate and franchised locations in Ontario and Western Canada and the Montana‘s concept through corporate and franchised locations in Toronto, London and elsewhere. The Financial Concept Group will host The Oakville Fmancml Forum on Sat., Oct. 15th. The Oakville Financial Forum will run from 10 a.m. to 4 p.m. at the Howard Johnson Hotel, located at Argus Road. Admission is free. For reservations, contact Monika Stricker at (905) 338â€"8600. Kelsey‘s posts $1.3â€"million loss FRIDAY, OCTOBER 7, 1994 PAGE 27 Acting Mayor Tedd Smith (Ieft) welcomed T.O. Fine Foods, 83 East St., into the Oakville business community durâ€" ing a recent ribbon cutâ€" ting ceremony. Joining in the festivities were store employers and the store‘s coâ€"owners Hala and Sam Rabba (holding the ribbon). T.O. Fine Foods (the T.O. stands for take out) is a 24â€" hour store featuring a complete line gourmet foods, including Middle Eastern delicacies, fresh meats and vegetables, and a takeâ€"out deliâ€" catessen. =FREE CONSULTATIONâ€" CALL BEV. 849â€"8666 (Photo by Peter McCusker)