Laurentian Bank: Laurentian Bank of Canada.
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Last updated: August 31, 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 the acquisition transaction between Laurentian Bank and Fairstone Bank.
On August 31, 2026, we announced the receipt of the final key regulatory approvals from the Canadian Investment Regulatory Organization (CIRO) and the relevant securities regulatory authorities for the transactions.
These regulatory approvals conclude the key regulatory approval process required to proceed with the closing of the transactions. The transactions have also previously received the 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.
The transactions are expected to close on November 1, 2026, subject to the satisfaction or waiver of the remaining closing conditions and the completion, prior to closing, of certain integration activities. Assuming closing occurs on November 1, 2026, we expect that Laurentian Bank’s retail and SME products and services will be migrated to National Bank by late 2026.
Laurentian Bank, Fairstone Bank, and National Bank are working closely together to ensure a smooth transition for customers.
We’re committed to keeping you informed and will share updates on this page as the transactions progress.
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 at your service to assist with your financial needs and questions. You can continue with your banking activities as usual through the same teams and service channels you currently use. Frequently asked questions
About the transactions
The key regulatory approval process is concluded. All key regulatory approvals required for the transactions with Fairstone Bank and National Bank have now been obtained. This concludes the regulatory approval process required to proceed with the closing of the transactions.
Press release, August 31, 2026
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 August 31, 2026 (PDF, 263 KB)
Email to other sectors and subsidiaries sent September 1, 2026 (PDF, 129 KB)
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)
Have questions about the transactions?
Contact Client Services.
Call our dedicated toll-free line.
Available every day from 8:00 am to 9:00 pm ET.
Visit the migration hub.
Check out National Bank’s information hub for personal and SME banking clients to help with the transition.
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
STAY CONNECTED
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In person
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Stay alert to fraud risks.
Stay alert to fraud risks.
For your safety and security, please remember that Laurentian Bank, Fairstone Bank and National Bank will never proactively call, text, or email you to ask for your banking information, especially your one-time verification code number, PIN, password or login credentials.