Laurentian reports loss as it works to complete deal with Fairstone and National Bank

Laurentian reports loss as it works to complete deal with Fairstone and National Bank

MONTREAL - Laurentian Bank of Canada reported a loss of $20.6 million in its latest quarter as it worked to complete its deal to be split in two and sold

Laurentian Bank reports $20.6-million loss as it continues work to be split in two

Second-quarter loss compares with a profit of $32.3-million a year earlier

Laurentian reports loss as it works to complete split sale

Laurentian Bank of Canada reported a loss of $20.6 million in its latest quarter as it worked to complete its deal to be split in two and sold in a pivot to become a specialty commercial bank. The bank said Friday the loss amounted to 50 cents per diluted share for the quarter ended April 30 compared with a profit of $32.3 million or 69 cents per share a year earlier. On an adjusted basis, Laurentian says it earned 46 cents per share in its late…