Smith Financial looks to merge portfolio companies Fairstone Bank and Home Trust
TORONTO — Smith Financial Corp. is merging a pair of its portfolio companies in a move it says will create the leading alternative lender in Canada.
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TORONTO — Smith Financial Corp. is merging a pair of its portfolio companies in a move it says will create the leading alternative lender in Canada.
Fairstone Bank of Canada ("Fairstone Bank") and Home Trust Company ("Home Trust") today announced the signing of a definitive agreement to merge their respective businesses. This transaction will create the leading alternative lender in Canada and boast an extensive Canadian footprint servicing more than 2 million customers with more than 250 branches from coast to coast. The combined business will offer diversified product lines, including residential and commercial mortgages, personal loans, c
Smith Financial is merging Fairstone Bank of Canada and Home Trust Co., to create foothold in alternative lender sector in Canada. Read on.
Billionaire financier Stephen Smith is merging recently acquired Home Trust Co. with Fairstone Bank of Canada in a deal he values at about $5-billion to…
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