About Laurentian Bank
Founded in Montreal in 1846,
Laurentian Bank is committed to serving its customers and fostering
deep relationships with specialized groups. Laurentian Bank runs
operations across Canada – primarily in Québec and Ontario – as well
as in the United States and competes where it sees market
opportunity and has an edge, while harnessing the power of
partnerships and collaboration.
About Fairstone Bank
Fairstone Bank of Canada and its
subsidiaries, including Fairstone Financial Inc. and Home Trust
Company, deliver innovative, accessible and reliable financial
solutions that enable Canadians to reach their financial goals.
Collectively, we offer residential and commercial mortgages,
consumer deposits and GICs, retail and automobile financing,
credit cards and digital lending, in addition to unsecured and
secured personal loans online and at more than 260 branches coast to
coast. With a long-established history, we are proud to be Canada’s
leading alternative lending bank. Learn more at fairstone.ca.
About National Bank of Canada
With $618 billion in
assets as at April 30, 2026, National
Bank of Canada (“NBC”) is one of Canada’s six
systemically important banks. NBC has more than 35,000 employees in
knowledge-intensive positions and operates three business segments
in Canada: Personal and Commercial Banking, Wealth Management and
Capital Markets. A fourth segment, U.S. Specialty
Finance and International, complements the growth of its domestic
operations. Its securities are listed on the Toronto Stock Exchange
(TSX: NA). Follow NBC’s activities at nbc.ca or via social media.
Caution Regarding Forward-Looking Information
This
press release contains “forward-looking information” and
“forward-looking statements” (collectively, “forward-looking
information”) within the meaning of applicable securities laws.
Forward-looking information in this press release may include, but
is not limited to, statements regarding the proposed timing and
completion of the Transactions and the migration of Laurentian
Bank’s retail and SME products and services to NBC, and the
anticipated benefits of the Transactions. In some cases,
forward-looking information can be identified by the use of
forward-looking terminology such as “plans”, “targets”, “expects”,
“is expected”, “an opportunity exists”, “budget”, “scheduled”,
“estimates”, “outlook”, “forecasts”, “projects”, “projection”,
“prospects”, “strategy”, “intends”, “anticipates”, “believes”, or
variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “might” or,
“will”, “occur” or “be achieved”, and similar words or the negative
of these terms and similar terminology. In addition, any statements
that refer to expectations, intentions, projections or other
characterizations of future events or circumstances contain
forward-looking information.
Statements containing forward-looking information are not
historical facts but instead represent expectations, estimates and
projections of management of Laurentian Bank, Fairstone Bank or NBC,
as applicable, regarding future events or circumstances. This
forward-looking information is based on opinions, estimates and
assumptions that, while considered by Laurentian Bank, Fairstone
Bank and NBC to be appropriate and reasonable as of the date of this
press release, are subject to known and unknown risks,
uncertainties, and other factors that may cause the actual results,
levels of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to: the risk that the
Transactions will not be completed on the terms and conditions, or
on the timing, currently contemplated, or at all; the risk that the
migration of Laurentian Bank’s retail and SME products and services
to NBC will not occur during the migration; and those other risks
discussed in greater detail under the “Risk Factors” section of
Laurentian Bank’s most recent annual information form and in its
management information circular dated January 5, 2026, and in other
filings that Laurentian Bank has made or may make with securities
regulatory authorities in the future, which are available under
Laurentian Bank’s profile on SEDAR+ at www.sedarplus.ca. If any of
these risks or uncertainties materialize, or if the opinions,
estimates or assumptions underlying the forward-looking information
prove incorrect, actual results or future events might vary
materially from those anticipated in the forward-looking information.
There can be no assurance that forward-looking information will
prove to be accurate as actual outcomes and results may differ
materially from those expressed in forward-looking information
included herein. Readers, therefore, should not place undue reliance
on any such forward-looking information. Further, any
forward-looking information included herein is made as of the date
of this press release and, except as expressly required by
applicable law, each of Laurentian Bank, Fairstone Bank and NBC
assumes no obligation to publicly update or revise any
forward-looking information, whether as a result of new information,
future events or otherwise. All of the forward-looking information
contained in this press release is expressly qualified by the
foregoing cautionary statements.
