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P&N Bank pulls billion-dollar merger with Beyond Bank after due diligence

Pelican Press

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P&N Bank pulls billion-dollar merger with Beyond Bank after due diligence

P&N Bank has pulled a proposed merger with Beyond Bank that promised to catapult it into the ranks of Australia’s biggest-owned mutuals.

The former credit society said on Monday that after three months of due diligence it had decided the tie-up was not in the best interests of its members.



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#Bank #pulls #billiondollar #merger #Bank #due #diligence

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