Laurentian Bank of Canada has signed agreements to split and sell its commercial operations to Fairstone Bank and the retail and small medium enterprise (SME) banking portfolio to National Bank of Canada. In 2023, Laurentian Bank announced a review of its strategic options, including a possible sale, which ended without finding a buyer. Under the agreement, Fairstone will pay C$40.50 (0.29) per share in cash, a 20% premium over Laurentian’s closing share price of $33.76 as of 1 December 2025. This transl ...