Laurentian Bank is not worried about the reported loss exceeding $20 million, according to an executive.
Laurentian Bank Reports First-Quarter Loss MONTREAL — Laurentian Bank experienced a loss in the first quarter, but the CFO reassured that this was primarily due to accounting factors, not a reflection of the bank’s overall performance. In a recent interview, Yvan Deschamps emphasized there was “no concern at all about the results announced this morning,” […]
Laurentian Bank reveals divided sale to Fairstone Bank and National Bank
MONTREAL Laurentian Bank is set to undergo a significant transformation: it will be divided and sold. The commercial operations will be transferred to Fairstone Bank in a deal valued at $1.9 billion, while its retail and small business sector will go to National Bank for a price close to book value. This move marks the […]