Public Company Financial Services

National Bank of Canada

Montreal, Quebec, Canada

Canadian full-service financial institution offering personal and commercial banking, wealth management, and capital markets services. Operates trust/wealth services through subsidiaries including National Bank Trust (Natcan Trust Company).

Focus Areas
Retail banking, Commercial banking, Wealth management
Website
www.nbc.ca

Tracked deals

6

6 tracked deals across 2024-2026.

Recent pace

4

4 tracked deals announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 divestiture · 1 growth capital

National Bank of Canada Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for National Bank of Canada. 2 2024 ~5 est. 4 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.

  • National Bank of Canada Acquires Truvera Trust Corporation
    July 7, 2026
    Buyer
    National Bank of Canada, Natcan Trust Company
    Target
    Truvera Trust Corporation
    Industry
    Financial Services
    Location
    British Columbia, Canada
    Type
    Buyout

    National Bank of Canada, through its subsidiary Natcan Trust Company (National Bank Trust), has signed an agreement to acquire British Columbia-based trust company Truvera Trust Corporation. The acquisition is intended to expand National Bank Trust’s wealth management capabilities and strengthen its presence in Western Canada, with the transaction expected to close in the coming months subject to regulatory approvals.

  • National Bank of Canada to acquire Laurentian retail and SME banking portfolios (Retail/SME Transaction)
    June 26, 2026
    Buyer
    National Bank of Canada
    Target
    Laurentian Bank of Canada (Retail and SME banking portfolios)
    Industry
    Financial Services
    Location
    Quebec, Canada
    Type
    Divestiture

    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.

  • Rockit Motors Raises $47+ Million to Expand Electric Motor Manufacturing With MKB, National Bank of Canada and BDC Capital
    April 15, 2026
    Buyer
    MKB Equity Partners Inc., National Bank of Canada, BDC Capital
    Target
    Rockit Motors
    Industry
    Industrial Services
    Location
    Quebec, Canada
    Type
    Growth capital

    Rockit Motors announced it has secured more than $47 million USD (approximately $64 million CAD) through a mix of equity and debt facilities to expand electric motor, generator and component manufacturing across North America. The financing includes investments and financing partnership from MKB Equity Partners, National Bank of Canada, and BDC Capital, with CEO Rob Briscoe retaining majority ownership and control.

  • National Bank of Canada to Acquire Canadian Western Bank
    June 11, 2024
    Buyer
    National Bank of Canada
    Target
    Canadian Western Bank
    Seller
    Shareholders of Canadian Western Bank
    Industry
    Financial Services
    Location
    Alberta, Canada
    Type
    Buyout

    National Bank of Canada entered into a definitive agreement to acquire all outstanding common shares of Canadian Western Bank in a share-exchange transaction valuing CWB at approximately $5.0 billion. The deal (exchange ratio 0.450 NB shares per CWB share) expands National Bank's footprint in Western Canada, is expected to close by the end of 2025 subject to shareholder and regulatory approvals, and is supported by an approximately $1.0 billion equity financing including a private placement to CDPQ.

  • Welsh, Carson, Anderson & Stowe Acquires Majority Stake in EquiLend
    January 18, 2024
    Buyer
    Welsh, Carson, Anderson & Stowe (WCAS), Bank of America, BlackRock, Goldman Sachs, Morgan Stanley, National Bank of Canada, State Street, UBS
    Target
    EquiLend
    Industry
    Financial Services
    Location
    New York, United States
    Type
    Buyout

    Welsh, Carson, Anderson & Stowe (WCAS) has completed its majority acquisition of EquiLend, a global financial technology, data and analytics provider for the securities finance industry, following regulatory approvals in the U.S., UK and Ireland. Founding shareholders and customers — including Bank of America, BlackRock, Goldman Sachs, Morgan Stanley, National Bank of Canada, State Street and UBS — joined WCAS as owners; WCAS previously committed $200 million to support EquiLend's organic growth and acquisitions.

Related Acquisition Pages

Financial Services Buyers & Acquisitions 5 tracked deals by National Bank of Canada. Industrial Services Buyers & Acquisitions 1 tracked deal by National Bank of Canada. Acquisitions in New York 1 tracked deal by National Bank of Canada.

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