Laurentian Bank Receives Regulatory Approval to Sell Retail, SME Banking Businesses

10:53 AM EDT, 08/31/2026 (MT Newswires) -- Laurentian Bank of Canada (LB.TO) said Monday that regulators have approved Fairstone Bank of Canada's planned acquisition of the bank and National Bank of Canada's (NA.TO) acquisition of Laurentian Bank's retail and small- and medium-sized enterprise banking portfolios. The parties expect to close the transaction on Nov. 1. It is expected that Laurentian's retail and SME products and services will be migrated to National Bank by late 2026, a statement said. Laurentian Bank shares were last seen up C$0.28, to C$40.60, on the Toronto Stock Exchange. Price: 40.60, Change: +0.28, Percent Change: +0.69