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First Bank finalized acquisition of Bank Leumi Romania

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.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 ...

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