National Bank pushes deeper into Western Canada with Truvera Trust deal
National Bank of Canada is expanding its trust and estate planning business in Western Canada with the acquisition of British Columbia-based Truvera Trust Corporation.
The bank announced that its subsidiary Natcan Trust Company, which operates under the National Bank Trust brand, has signed an agreement to acquire Truvera for an undisclosed amount. National Bank said the transaction will not have a material impact on its financial position.
The deal is part of National Bank’s broader strategy to expand its wealth management capabilities and deepen its presence in Western Canada, where it has been building scale across banking, private banking and wealth management.
Headquartered in Vancouver, with an additional office in Kelowna, Truvera provides estate and trust planning, executor and trustee services, and other fiduciary services to individuals, families and business owners.
National Bank said the acquisition will give National Bank Trust a local presence in Western Canada while adding specialized expertise and established client relationships in a region where wealth transfer, estate planning and succession needs are growing.
“This acquisition is an important step in strengthening our presence in Western Canada and bringing trust and estate expertise closer to our clients,” said Marie-Soleil Lemieux, president and CEO of National Bank Trust.
“Together, we are enhancing our ability to deliver integrated, high-value solutions while continuing to build an organization that supports our clients’ evolving wealth and succession needs,” she added.
Building out its wealth platform
National Bank said the acquisition will support more integrated wealth solutions across financial planning, wealth management, banking and trust services.
The bank said the Western Canadian presence will allow National Bank Trust to expand support for intergenerational wealth transfer and estate planning, strengthen ties with local business and professional communities, and build on collaboration with National Bank Financial Wealth Management and Private Banking 1859.
Truvera CEO Don Woods said joining National Bank Trust will allow the company to build on its existing service model while benefiting from National Bank’s scale and resources.
“We share a commitment to thoughtful, personalized service, and this partnership will enable us to build on that foundation while benefiting from National Bank’s scale, expertise, and resources,” Woods said.
The transaction remains subject to customary closing conditions, including regulatory approvals, and is expected to close in the coming months. National Bank said the integration will be carried out progressively to ensure continuity for clients and employees.
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Acquisition Don Woods Marie-Soleil Lemieux National Bank Truvera Trust Corporation
Last modified: July 9, 2026
