National Bank of Canada to acquire the retail and SME banking portfolios of Laurentian Bank of Canada.

National Bank of Canada, a banking, investment, and financial services company, agreed to acquire the retail and SME banking portfolios of Laurentian Bank of Canada, a bank and financial services company. Financial terms were not disclosed. "Leveraging our strong presence in Québec, this transaction aligns with our domestic growth strategy and is a natural fit. We look forward to welcoming Laurentian Bank's retail, SME, and syndicated loan clients, who will soon benefit from National Bank's leading digital services, an expanded range of financial products, and access to our extensive branch network and business banking teams," Laurent Ferreira, National Bank President and CEO.