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SYSTEM RELEASE - Wednesday, December 6, 2017

Concentra Releases Q3 Financial Results, Declares Dividend

Concentra Bank (Concentra) posted consistent third quarter financial results, as reported to shareholders December 5, 2017 via the company's Q3 Investor Relations update.

Also reported, the Concentra Board of Directors declared a third quarter cash dividend of $0.139539 per common share, representing a $1.34 million total quarterly payment to common shareholders. Concentra moved to a quarterly cash dividend on common shares to provide more immediate value to shareholders for their investment and support of the company. A quarterly dividend also serves to stabilize Concentra's capital base, compared to an annual dividend payment.

Concentra's solid financial performance was highlighted in Q3 with year-to-date Net Income of $25.8 million, and Return on Equity of 9.1%, both tracking favorably from prior year.

Concentra reported total assets of $9.3 billion, with CET-RWA and leverage ratios of 13.0% and 4.5%, respectively. Concentra maintains a high quality composition of capital, with levels increasing through 2017, and in excess of regulatory minimum requirements.

Since 2005, Concentra has returned over $70 million in dividend payments to common shareholders[1], executing on its strategy to drive growth in the credit union system.

In summary for Q3, Concentra continued its 2017 focus on delivering value to our owners through consistent dividends, and building a stronger franchise model.

Concentra envisions a future state with direct credit union ownership of the company in order to support the delivery of competitive wholesale banking and trust solutions, and to provide market leadership for the benefit of credit unions. Demonstrating consistently strong financial performance and shareholder returns reinforces the value Concentra provides for Canadian credit unions.


Quarterly Results Materials

Quarterly results materials, including the webcast, presentation, and the Investor Fact Sheet are available HERE.

Caution Regarding Forward-Looking Statements

From time to time Concentra Bank ("Concentra") makes written and verbal forward-looking statements. These are included in the MD&A, periodic reports to shareholders, regulatory filings, press releases, Concentra presentations and other Concentra communications. Forward-looking statements are made in connection with business objectives and targets, Concentra strategies, operations, anticipated financial results and the outlook for Concentra, its industry, and the Canadian economy. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of Concentra to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to capital markets and additional funding requirements, fluctuating interest rates and general economic conditions, legislative and regulatory developments, changes in accounting standards, the nature of our customers and rates of default, competition, and other.

All material assumptions used in making forward-looking statements are based on management's knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of the current credit, interest rate and liquidity conditions affecting Concentra and the Canadian economy. Although Concentra believes the assumptions used to make such statements are reasonable at this time there may be other factors that cause results not to be as anticipated, estimated or intended. Certain material assumptions are applied by Concentra in making forward-looking statements, including without limitation, assumptions regarding its continued ability to fund its lending business, a continuation of the current level of economic uncertainty that affects market conditions, continued acceptance of its products in the marketplace, and the current tax regime. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Concentra does not undertake to update any forward-looking statements that are contained herein.

About Concentra

Concentra is Canada's primary provider of wholesale banking and trust solutions to credit unions from coast to coast. With deep co-operative roots, Concentra is focused on creating value for the credit union system. We partner with credit unions to ensure over five million Canadian members can choose competitive financial services from their local credit union.

[1] Formerly class A shares.