When two comparable banks join forces, the expectation is that they will take full advantage of the doubling in scale to optimize the value delivered to shareholders and customers.
But a lot of hard work lies ahead as the combining banks develop the framework and roadmap that will ultimately join the two boards and leadership teams.
As the institutions work together to devise a new org structure, plan the physical and technological infrastructure, and attain the accretive value hidden in the vendor contracts, moving beyond a “your bank/our bank” mentality will be a key to success.
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