Operating Company Financial Services

Fairstone Bank of Canada

Toronto, Ontario, Canada

Formerly known as Duo Bank (of Canada), Duo Bank of Canada

Fairstone Bank of Canada is a Canadian alternative lending bank offering a range of financial products including consumer deposits and GICs, credit cards and rewards, and retail and automobile financing.

Focus Areas
Consumer finance, Retail/point-of-sale financing, Automobile financing

Tracked deals

3

3 tracked deals across 2020-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

Fairstone Bank of Canada Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Fairstone Bank of Canada. 1 2020 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Fairstone and National Bank receive final regulatory approvals for Laurentian split sale (expected Nov. 1 close)
    September 1, 2026
    Buyer
    Fairstone Bank of Canada, National Bank of Canada
    Target
    Laurentian Bank of Canada (commercial operations to be acquired by Fairstone), Laurentian Bank of Canada (retail and SME banking portfolios to be acquired by National Bank)
    Industry
    Financial Services
    Location
    Quebec, Canada
    Type
    Buyout

    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.

  • Fairstone Bank to acquire Laurentian Bank of Canada for $1.9 billion (commercial specialty focus)
    May 29, 2026
    Buyer
    Fairstone Bank of Canada
    Target
    Laurentian Bank of Canada
    Industry
    Financial Services
    Location
    Quebec, Canada
    Type
    Buyout

    Laurentian Bank of Canada announced it is working to complete a split sale. Under the deal, Fairstone Bank will acquire Laurentian Bank for $1.9 billion, with Laurentian’s brand maintained and the focus shifting to a specialty commercial bank.

  • Duo Bank of Canada to Acquire Fairstone Financial Holdings
    February 19, 2020
    Buyer
    Duo Bank of Canada, Stephen Smith, Centerbridge Partners L.P., Ontario Teachers' Pension Plan
    Target
    Fairstone Financial Holdings Inc.
    Seller
    J.C. Flowers & Co. LLC, Värde Partners, Inc.
    Industry
    Financial Services
    Location
    Quebec, Canada
    Type
    Buyout

    Duo Bank of Canada, supported by Stephen Smith, Centerbridge Partners and Ontario Teachers' Pension Plan, has agreed to acquire all outstanding shares of Fairstone Financial Holdings Inc. from an investor group led by J.C. Flowers and Värde Partners. Fairstone, headquartered in Montreal, is a leading Canadian non-bank lender serving near-prime borrowers with more than $3 billion in assets and roughly 1,400 employees; the transaction is expected to close in Q2 2020 subject to regulatory approvals.

Related Acquisition Pages

Financial Services Buyers & Acquisitions 3 tracked deals by Fairstone Bank of Canada.

Related articles

Selling a company? Get in front of buyers like Fairstone Bank of Canada

Turn tracked acquisition activity into an outreach-ready buyer list.

Find buyers like these →