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Costello says yes to bank merger

Costello says yes to bank merger

(9 November 2007 – Australia) The Federal Treasurer has given the seal of approval to Bendigo Bank’s merger with fellow regional Adelaide Bank. Bendigo described the Treasurer’s assent as the passing of another significant milestone.

The Treasurer’s approval was required under the Financial Sector (Shareholdings) Act and the Banking Act.

Adelaide Bank shareholders are set to vote on the proposed merger on 12 November.

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