Brief: Laurentian Bank Accelerates Strategic Shift To Specialty Commercial Bank

National Bank of Canada

02/12/2025 12:54

Dec 2 (Reuters) - Laurentian Bank of Canada LB.TO:

LAURENTIAN BANK ACCELERATES STRATEGIC SHIFT TO SPECIALTY COMMERCIAL BANK

LAURENTIAN BANK OF CANADA - EXITS RETAIL AND SME BANKING SECTORS

LAURENTIAN BANK OF CANADA - NATIONAL BANK TO BUY LAURENTIAN BANK'S RETAIL AND SME PORTFOLIOS

LAURENTIAN BANK OF CANADA - FAIRSTONE BANK TO BUY LAURENTIAN BANK SHARES AT $40.50 EACH

LAURENTIAN BANK OF CANADA - FAIRSTONE BANK TO BUY ALL SHARES OF LAURENTIAN BANK

LAURENTIAN BANK OF CANADA - ÉRIC PROVOST TO CONTINUE AS LAURENTIAN BANK'S PRESIDENT AND CEO

LAURENTIAN BANK OF CANADA - TOTAL CASH CONSIDERATION FOR ACQUISITION IS ABOUT $1.9 BILLION

LAURENTIAN BANK OF CANADA: TRANSACTION EXPECTED TO BE ACCRETIVE TO NATIONAL BANK'S ADJUSTED EARNINGS PER SHARE BY ABOUT 1.5% TO 2% IN FIRST YEAR

LAURENTIAN BANK OF CANADA: ALL FIGURES IN C$

Source text: ID:nCNWBhdkna

Further company coverage: LB.TO

 ((Reuters.Briefs@thomsonreuters.com;))