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Non-Tech : Banco Industrial Colombiano ADR NYSE:CIB -- Ignore unavailable to you. Want to Upgrade?


To: Arnold Layne who wrote (15)3/24/1998 10:28:00 PM
From: Arnold Layne  Respond to of 72
 
And the post Merger name is Bancolombia.

Colombia's top bank named Bancolombia

BOGOTA, March 24 (Reuters) - Bancolombia was unveiled Tuesday as the name of the bank that will emerge from the previously announced merger between Banco Industrial Colombiano <BIC.BG> and Banco de Colombia <BCO.BG>, company officials said.

They announced the new name after a BIC shareholders' meeting in the northwest city of Medellin, called to discuss various issues including its ongoing merger with Banco de Colombia.

The merger, which will create Colombia's leading bank in terms of assets, is expected to be completed before June.

18:27 03-24-98