National Bank of Canada has agreed to acquire Truvera Trust Corporation, a British Columbia-based provider of estate and trust planning services.
The financial terms of the transaction were not disclosed, though the lender stated the deal will not have a material impact on its financial position.
The acquisition marks a strategic expansion for National Bank into the specialized trust and estate planning market.
Truvera Trust operates primarily in Western Canada, offering services that complement National Bank’s existing wealth management offerings.
By integrating Truvera’s client base and expertise, the bank aims to deepen its relationship with high-net-worth individuals seeking comprehensive asset protection and succession planning.
This move aligns with a broader trend of consolidation within the Canadian financial services industry, where major lenders are increasingly acquiring niche firms to broaden their product suites.