Laurentian Bank, Canada’s ninth-largest lender, has announced plans to simplify its organizational structure to increase shareholder returns after failing to find a buyer during a strategic review.

The bank has appointed Éric Provost as group head of personal and commercial banking and appointed Sébastien Bélair as chief administration officer.

The bank’s shares have fallen over 10% since its July strategic review, but are still up 11% this year.

The bank’s board has unanimously concluded that the best path forward is an accelerated evolution of its current strategic plan.