National Bank has expanded its Western Canadian real estate offering through the acquisition of Vancouver-based Truvera Trust Corporation.

National’s subsidiary Natcan Trust Company, operating as National Bank Trust (NBT), has signed an agreement to acquire Vancouver-based Truvera as it expands its wealth-management capabilities and strengthens its presence in Western Canada.

Truvera, which is headquartered in Vancouver and also has an office in Kelowna, specializes in estate and trust planning, along with executor and trustee services for individuals, families and business owners. National Bank said the acquisition will add trust and estate expertise and established client relationships while enhancing its ability to provide integrated financial planning, wealth management, banking and trust services.

The acquisition will establish a local trust presence for NBT in Western Canada, expanding support for intergenerational wealth transfer and estate planning, strengthening relationships with the region’s business and professional community, and building on collaboration with National Bank Financial Wealth Management and Private Banking 1859.

“This acquisition is an important step in strengthening our presence in Western Canada and bringing trust and estate expertise closer to our clients,” Marie-Soleil Lemieux, president and CEO of National Bank Trust.. “Just as importantly, it’s a strong fit from a people and culture perspective. The Truvera team brings deep expertise and a commitment to client service that aligns naturally with our own. Together, we are enhancing our ability to deliver integrated, high-value solutions while continuing to build an organization that supports our clients’ evolving wealth and succession needs.”

Joining National Bank marks an exciting opportunity for the corporation, its team, and its clients,” said Don Woods, CEO of Truvera Trust Corporation.

“We share a commitment to thoughtful, personalized service, and this partnership will enable us to build on that foundation while benefiting from National Bank’s scale, expertise, and resources,” he said. “Together, we are positioned to accelerate growth, enhance our capabilities, and continue delivering exceptional value to our clients,” said Don Woods, chief executive officer of Truvera Trust Corporation.

The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the coming months. National Bank said the acquisition will not have a material impact on its financial position.