{"id":320570,"date":"2025-12-02T13:24:08","date_gmt":"2025-12-02T13:24:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/320570\/"},"modified":"2025-12-02T13:24:08","modified_gmt":"2025-12-02T13:24:08","slug":"fairstone-to-buy-laurentian-bank-for-1-9-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/320570\/","title":{"rendered":"Fairstone to buy Laurentian Bank for $1.9-billion"},"content":{"rendered":"<p class=\"c-article-body__text text-pr-5\">Fairstone Bank of Canada will buy peer Laurentian Bank <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/LB-T\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/LB-T\/\">LB-T<\/a> in an all-cash deal valued at $1.9-billion, the lender said on Tuesday. <\/p>\n<p class=\"c-article-body__text text-pr-5\">The deal is at a premium of 20 per cent over the price of Laurentian Bank shares\u2019 close as of Dec. 1, according to the banks.<\/p>\n<p class=\"c-article-body__text text-pr-5\">\u201cThis announcement is aligned with the acceleration of Laurentian Bank\u2019s commercial specializations, as announced in our 2024 Strategic Plan,\u201d Laurentian Bank CEO \u00c9ric Provost said.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Separately, National Bank of Canada <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/NA-T\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/NA-T\/\">NA-T<\/a> will acquire the retail and SME banking portfolios of Laurentian.<\/p>\n","protected":false},"excerpt":{"rendered":"Fairstone Bank of Canada will buy peer Laurentian Bank LB-T in an all-cash deal valued at $1.9-billion, the&hellip;\n","protected":false},"author":2,"featured_media":320571,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,44,49174,41,39,42,40],"class_list":{"0":"post-320570","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-streetwise","11":"tag-top-news","12":"tag-top-stories","13":"tag-topnews","14":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/320570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=320570"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/320570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/320571"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=320570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=320570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=320570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}