Acquiring Company
Fairstone Bank
Acquired Company
Laurentian Bank of Canada
Sunderland
MontrealFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceLendingBankingDescription
Fairstone Bank is set to acquire Laurentian Bank and its commercial operations for $1.9 billion. The acquisition was recently approved by the federal finance minister and is expected to close later this year. Laurentian Bank is transitioning to focus more on specialty commercial banking. The deal marks a significant shift in Laurentian's operational strategy.
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Based on deal dataFrequently asked
Who acquired Laurentian Bank of Canada?
Laurentian Bank of Canada was acquired by Fairstone Bank, based in Sunderland. The deal was reported on August 28, 2026. Fairstone Bank of Canada and its subsidiaries deliver innovative, accessible and reliable financial solutions that enable Canadians to reach their financial goals. Fairstone Bank is privately held and operates in Financial Services.
When did Fairstone Bank acquire Laurentian Bank of Canada?
Fairstone Bank's acquisition of Laurentian Bank of Canada was reported on August 28, 2026. Fairstone Bank is set to acquire Laurentian Bank and its commercial operations for $1.9 billion. The acquisition was recently approved by the federal finance minister and is expected to close later this year. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Laurentian Bank of Canada do?
Laurentian Bank is a Schedule I bank in Canada, providing a diverse range of financial services and advice-based solutions. It is privately held, operating in Financial Services, and is based in Montreal.
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