Laurentian Bank: Laurentian Bank of Canada.
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Last updated: June 26, 2026
Transaction information and FAQ.
On December 2, 2025, Laurentian Bank entered into agreements with Fairstone Bank and National Bank. On February 5, 2026, Laurentian Bank shareholders voted in favour of the acquisition transaction with Fairstone Bank.
On June 26, 2026, we announced that the federal Minister of Finance has approved to acquisition transaction between Laurentian Bank and Fairstone Bank.
The completion of the acquisition transaction between Laurentian Bank and Fairstone Bank is subject to the satisfaction of other closing conditions, including the closing of the acquisition by National Bank of Laurentian Bank's retail and SME banking portfolios. The Transactions have also received necessary approvals from the Superintendent of Financial Institutions and the Competition Act approval condition to closing for both Transactions has been satisfied, provided that there is no change in circumstances relating to the Competition Bureau. Each of the Transactions also requires approval by the Canadian Investment Regulatory Organization (CIRO) and the relevant securities regulatory authorities. Until then, all three companies will continue to operate independently.
As progress is made, we will share updates on this page.
Summary.
Transaction with National Bank.
National Bank will acquire Laurentian Bank's retail and SME banking portfolios and syndicated loan portfolios, complementing its activities in Quebec.
Transaction with Fairstone Bank.
Fairstone Bank will acquire all issued and outstanding common shares of Laurentian Bank and combine its commercial lending operations with Laurentian Bank’s commercial specialization, which includes commercial real estate financing, Northpoint Commercial Finance, B2B Bank, and Laurentian Bank’s capital markets subsidiaries. Once the transaction is completed, Laurentian Bank will become a wholly owned subsidiary of Fairstone Bank while maintaining Laurentian Bank’s brand identity and head office in Montreal.
FAQ
Our teams are dedicated to maintaining the experience our clients rely on. There are no changes to our client relationships or our operations at this time. Frequently asked questions
About the transactions
The federal Minister of Finance has approved the acquisition transaction between Laurentian Bank and Fairstone Bank. The completion of the acquisition transaction is subject to the satisfaction of other closing conditions.
Press release, June 26, 2026 Press release, February 6, 2026
Communications
Messages from our President and CEO, Éric Provost.
Letter to retail and SME sent June 26, 2026 (PDF, 233 KB)
Email to other sectors and subsidiaries sent June 26, 2026 (PDF, 539 KB) Email to retail and SME sent February 5, 2026 (PDF, 170 KB) Letter to retail and SME sent December 2, 2025 (PDF, 139 KB) Letter to all other sectors and subsidiaries sent December 2, 2025 (PDF, 135 KB)
Impacted lines of business.
Personal and SME banking will transfer to National Bank
Accounts
Credit cards
Mortgages
Lending
Investments
Banking services
Sectors remaining at Laurentian Bank
Commercial real estate financing
Northpoint Commercial Finance
B2B Bank
Capital markets
LBC Digital
Frequently asked questions.
General information.
Useful link
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