TSX:LBBanks
Laurentian Bank Reshapes Profile With Loan Sale And Fairstone Acquisition
Laurentian Bank of Canada (TSX:LB) has completed the sale of its syndicated loan portfolio to National Bank of Canada.
Fairstone Bank of Canada has agreed to acquire all common shares of Laurentian Bank of Canada, subject to shareholder approval.
These moves are part of Laurentian Bank of Canada's plan to focus on specialty commercial banking and exit retail and SME banking.
For you as an investor, these announcements mark a clear shift in how Laurentian Bank of Canada positions itself...