May 31 (Reuters) - Laurentian Bank of Canada ( LRCDF )

said on Friday it had recorded impairment and restructuring

charges of C$196.8 million ($144.4 million) in the second

quarter.

The charge was related to the restructuring of the

bank's operations and the impairment of its personal and

commercial banking segment, Laurentian said.

The bank also booked severance charges of C$2.9 million

($2.1 million) in the second quarter in relation to its

organizational changes.

Earlier this month, the bank said it had cut 2% jobs across

the firm and shut down its equity research unit as part of a

planned restructuring of its business.

The bank expects to record additional severance charges of

nearly C$7 million in the third quarter of 2024.

Laurentian Bank posted a net loss of C$117.5 million, or

C$2.71 per share, in the three months ended April 30, compared

with a profit of C$49.3 million, or C$1.11 per share, a year

earlier.

($1 = 1.3633 Canadian dollars)