Brief: Totens Sparebank Says Boards Approve Merger
Jan 15 (Reuters) - Totens Sparebank TOTG.OL :
* MERGER OF SPAREBANK 1 ØSTLANDET AND TOTENS SPAREBANK
APPROVED BY
THE BANKS' BOARDS
* COMPLETION OF MERGER IS CONDITIONAL UPON SUPERVISORY BOD
AND
GENERAL MEETING OF TWO BANKS ADOPTING RESOLUTIONS ON FEBRUARY
22, 2024
* AIM IS TO COMPLETE THE MERGER DURING THE THIRD QUARTER OF
2024
* MERGED BANK WILL CONTINUE UNDER THE NAME SPAREBANK 1
ØSTLANDET
Source text for Eikon: ID:nObib99GTa
Further company coverage: TOTG.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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