Laurentian Bank Accelerates Strategic Shift to Specialty Commercial Bank

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[{"type":"text","content":"\n\n\nLaurentian Bank Accelerates Strategic Shift to Specialty Commercial Bank\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nLaurentian Bank Board of Directors approves acceleration of its specialty commercial bank strategy, leading to an exit from retail and SME banking sectors.National Bank will acquire Laurentian Bank's retail and SME banking portfolios and syndicated loan portfolio, complementing its activities in Québec.Fairstone Bank to acquire all issued and outstanding common shares of Laurentian Bank and combine commercial lending operations, leveraging both organizations' expertise to strengthen capabilities and expand market presence.  MONTREAL, Dec. 2, 2025 /CNW/ - Laurentian Bank of Canada (\"Laurentian Bank\"), a Schedule I bank offering a wide range of financial services and advice-based solutions to customers across Canada and the United States, today announced a significant acceleration of its 2024 Strategic Plan toward its specialty commercial bank model, resulting in its exit from the retail and SME banking business. This transformation will position Laurentian Bank as a commercially oriented bank, concentrating on commercial real estate lending, inventory and equipment financing, intermediary services and capital markets activities.\n\n\n\n\n\n\n\nNational Bank of Canada (directly or through one or more affiliates) (\"National Bank\") has entered into a definitive agreement to acquire Laurentian Bank's retail and SME banking portfolios (the \"Retail/SME Transaction\"). Customers will benefit from National Bank's enhanced offering of retail and business banking solutions, including deposits, loans and investments. They will also be served through National Bank's leading digital services, expanded product and service offerings, and a broader branch network and business banking teams. Laurentian Bank and National Bank have also entered into a definitive agreement in respect of the sale to National Bank of Laurentian Bank's syndicated loan portfolio (the \"Syndicated Loan Transaction\" and, collectively with the Re...

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