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TSX:LB 2 December 2025

Fairstone to Buy Laurentian Bank in C$1.9 Billion Break-Up Deal as National Bank Takes Retail Business

Fairstone to Buy Laurentian Bank in C$1.9 Billion Break-Up Deal as National Bank Takes Retail Business

Fairstone Bank will acquire Laurentian Bank of Canada for about C$1.9 billion in cash, while National Bank of Canada will buy Laurentian’s retail and SME banking portfolios, including C$3.3 billion in loans and C$7.6 billion in deposits. Laurentian’s Québec branches will close, with staff able to apply for roles at National Bank. The deal follows Laurentian’s failed 2023 sale and recent restructuring.
2 December 2025
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