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flag Laurentian Bank splits: National Bank buys retail, Fairstone takes commercial in C$4.05B deal.

flag Laurentian Bank of Canada agreed to a split sale: Fairstone Bank will acquire its commercial operations for C$1.9 billion, while National Bank of Canada will take over retail and small business divisions, including loans and deposits. flag The deal, valued at C$40.50 per share, marks a strategic shift for Laurentian to focus on commercial real estate and capital markets. flag National Bank’s acquisition includes C$3.3 billion in retail loans and C$7.6 billion in deposits. flag The transaction, pending regulatory approval and shareholder vote, is expected to close in early 2026. flag Laurentian’s name and Montreal headquarters will remain, with employees retaining jobs. flag Shares rose 18% to C$39.91 following the announcement.

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