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Canada-based Meridian CU buys Roynat Lease Finance

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Canada-based Meridian CU buys Roynat Lease Finance

completed thesale of the businessoperations and assets of Roynat Lease Finance to Saint Catharines, Canada-basedMeridian Credit Union Ltd.,according to an April 29 news release.

RoynatLease Finance is a division of Toronto-based Roynat Inc., which is a wholly owned unit of Scotiabank.

Thetransaction hasmet all of the regulatory requirements and is not material to Scotiabank,according to the release.