First Bank finalizes acquisition of Bank Leumi Romania
Publicat:First Bank, owned by the American investment fund J.C. Flowers & Co., concluded the legal and operational merger with Bank Leumi Romania, a subsidiary of Bank Leumi Israel, thus finalizing the transaction initiated in the summer of 2019, according to a bank's release sent on Tuesday to AGERPRES.
This merger has become a complex process due to the pandemic. Our teams have had to keep their distance and work from home, but were fully supported by the Boards of Directors of the two companies. It is the first successful merger managed by the teams that largely operated remotely or from…
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