Nelnet Acquires Finastra’s Canadian Student Loan Servicing Business

Fairstone and National Bank receive final regulatory approvals for Laurentian split sale (expected Nov. 1 close)

September 1, 2026

Financial Services

Laurentian Bank said it expects to close its deal with Fairstone Bank and for National Bank to take over Laurentian’s retail and SME portfolios on Nov. 1, after final regulatory sign-off. The bank stated that the approvals from Canadian Investment Regulatory Organization and relevant securities regulators were the final key requirement; earlier approvals from the federal minister, OSFI, and the Competition Bureau had already been received.

National Bank of Canada to acquire Laurentian retail and SME banking portfolios (Retail/SME Transaction)

June 26, 2026

Financial Services

Laurentian Bank announced that the federal Minister of Finance approved Fairstone’s acquisition of all issued shares, advancing the overall Transactions. The completion is conditional on National Bank of Canada acquiring Laurentian’s retail and SME banking portfolios under the separate Retail/SME Transaction, expected to complete by late 2026.

Scotiabank Acquires Maple Financial Group’s Mortgage Business

May 29, 2026

Financial Services

Scotiabank said its 2024 acquisition of Maple Financial Group’s mortgage business is not expected to materially impact earnings in the near term. The deal is intended to expand Scotiabank’s presence in the Canadian mortgage market, with near-term focus on integrating operations and improving customer reach rather than immediate revenue growth.

Nelnet Business Services Acquires Next Gen Web Solutions

April 14, 2025

Software

Nelnet Business Services, a division of Nelnet, Inc., has acquired Next Gen Web Solutions and will incorporate the company into its Nelnet Campus Commerce business line. Next Gen, headquartered in Jacksonville, Florida, provides software solutions for higher education—expanding Nelnet's product suite for form building, financial aid exception processing, verification, scholarship management, and work-study administrative support.

KeyBank Acquires GradFin

May 9, 2022

Payments & Fintech

KeyBank has acquired GradFin, a fintech specializing in Public Service Loan Forgiveness counseling and student loan advisory solutions. The acquisition expands KeyBank's digital and niche advisory capabilities, integrating GradFin's high-touch advisory offerings for individuals, financial advisors and employers into Key's product suite.

Nelnet Business Services Acquires Catholic Faith Technologies

January 26, 2021

Cloud & SaaS

Nelnet Business Services, a division of Nelnet, Inc., has acquired Catholic Faith Technologies (CFT), an Overland Park, Kansas–based provider of a cloud-based learning management platform (also operating under the CD2 Learning brand). The acquisition expands Nelnet's church and faith-based technology offerings and brings CFT's SaaS learning platform and services into Nelnet's portfolio; CFT leadership will remain in place.