Fairstone Bank of Canada to acquire Laurentian Bank in a $1.9bn deal.

Fairstone Bank of Canada, a financial services company, agreed to acquire Laurentian Bank, a Quebec banking institution operating across Canada, in a $1.9bn deal. "We view Québec as a key market and are excited to continue building our presence with the expertise we're acquiring from Laurentian Bank. This transaction strengthens Fairstone Bank's competitive position, diversifies revenue streams, and deepens our national lending footprint. It's a disciplined step forward that is very much aligned with our value creation plan," Scott Wood, Fairstone Bank President and CEO.