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Laurentian Bank announces sale to Fairstone and National Bank

Canada

Published: December 02, 2025 at 7:13AM EST

Laurentian Bank head office is seen in Montreal, Friday, Aug. 30, 2024. THE CANADIAN PRESS/Christinne Muschi (Christinne Muschi)

MONTREAL — Fairstone Bank of Canada has agreed to acquire Laurentian Bank of Canada for $1.9 billion in cash.

As part of the deal, Laurentian will sell its retail and small-and-medium-sized business banking portfolios and syndicated loan portfolio to National Bank of Canada.

More coming.

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