Laurentian Bank: Laurentian Bank of Canada.
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Last updated: February 10, 2026
Agreements announcement
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.
Completion of the transaction remains subject to regulatory approvals, including reviews by the Competition Bureau, the Office of the Superintendent of Financial Institutions (OSFI) and the Minister of Finance. The retail and SME transaction with National Bank is conditional on all conditions precedent to the closing of the acquisition transaction with Fairstone Bank having been satisfied or waived and will occur immediately prior to the closing of such acquisition transaction. Until closing, all three companies will continue to operate independently.
As progress is made, we will share updates on this page.
Summary.
Agreement with National Bank.
National Bank will acquire Laurentian Bank's retail and SME banking portfolios and syndicated loan portfolios, complementing its activities in Quebec.
Agreement 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 lending, 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 agreements
The agreements are not yet fully finalized; the transactions are pending approval from various parties and regulatory authorities. Press release, February 6, 2026
Communications
Messages from our President and CEO, Éric Provost. 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 lending
Northpoint Commercial Finance
B2B Bank
Capital markets
LBC Digital
Frequently asked questions.
General information.
Useful link
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