Laurentian Bank and the union representing its 2,000 unionized employees have accepted the final decision of an arbitration board concerning the collective agreement.

The new deal will run until Dec. 31, 2007.

“The Bank and the Union confirmed that they are satisfied with the board’s decision,” the bank said Monday in a release.

The ruling covers all of the aspects of the agreement not covered in the partial decision in December. “The board took into consideration the reality and operational requirements of the Bank, while ensuring that the unionized employees will continue to enjoy favourable working conditions,” the bank said.

Laurentian employees have been unionized since 1967. The Office and Professional Employees’ International Union represents the most unionized employees of financial institutions in Québec.