National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio. - eviltoast
National Bank to buy the Canadian branch of SVB's commercial loan portfolio
ca.finance.yahoo.com
MONTREAL — National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio. The Montreal-based bank says the portfolio it will nab is made up of about $1 billion in loan commitments, of which $325 million are outstanding. Much of the portfolio is focused on the technology, life science and global fund banking sectors and will be integrated into National Bank's technology and innovation banking group. The bank says the deal is subject to closing

The Montreal-based bank says the portfolio it will nab is made up of about $1 billion in loan commitments, of which $325 million are outstanding.

Much of the portfolio is focused on the technology, life science and global fund banking sectors and will be integrated into National Bank’s technology and innovation banking group.