Laurentian Bank delists after 180 years as Fairstone deal closes
Scott Wood, president and CEO of Fairstone Bank, said the rationale centred on diversification and scale.
“The acquisition of Laurentian Bank represents a significant step forward in the continued evolution of Fairstone Bank, enhancing the breadth and resilience of our business. Bringing together complementary businesses will diversify and scale our asset base and funding sources, support sustainable, profitable growth, and unlock opportunities to operate more effectively as we integrate our organizations,” Wood said.
For NBC, the transaction deepens its retail footprint in Québec.
“We are pleased to welcome new retail and SME clients shortly and provide them with access to National Bank’s full range of digital services, an expanded suite of financial products, our branch network and our business banking teams,” said Laurent Ferreira, president and CEO of National Bank.
National Bank was founded in 1859. It offers retail, commercial, wealth and capital markets services and reported $553 billion in assets as of July 31, 2025.
