Laurentian Bank

Laurentian Bank in the sale of its agricultural loan portfolio to National Bank for $474 million

Client

Laurentian Bank

Value

$474 million

Service

Mergers and Acquisitions

Date Closed

April 2018

Lead Office

Montréal


 

On April 30, 2018, Laurentian Bank officially sold its agricultural loan portfolio to National Bank for $474 million. Laurentian Bank’s Business Services decided to abandon agricultural loans from a specialization perspective, as the agricultural niche no longer matched the bank’s strategy.

Osler, Hoskin & Harcourt LLP represented Laurentian Bank with a team consisting of Niko Veilleux, Sophie Amyot (Corporate), and Kashif Zaman (Financial Services).


Team
Niko Veilleux
Key Contact

Niko Veilleux

Partner, Corporate

Sophie Amyot

Sophie Amyot

Associate, Corporate