The Raiffeisen banks of Thunersee and Kiesental are moving forward with their planned merger, which is scheduled for next year.
Recent meetings held between November 8 and 19, 2024, have received positive feedback from cooperative members and employees, indicating strong support for the merger.
Both banks have assured that local activities and customer proximity will remain a priority, with no branch closures expected and all employees retaining their positions.
The leadership of both banks is optimistic about the merger's potential to enhance market competitiveness and exploit synergies.
The decision to merge is driven by a shared vision to address challenges and capitalize on new opportunities.
By joining forces, the banks aim to enhance their market positioning and develop new business areas for sustainable growth.
The proposed name for the new entity, "Raiffeisenbank Thunersee-Kiesental," reflects a commitment to the local community.
The governance structure of the new bank will be collaborative, with members from both current banks serving on the Board of Directors and Bank Management.
The final decision regarding the merger will be put to a vote among the members of both banks on March 31, 2025.
Throughout the merger process, the Raiffeisen banks of Thunersee and Kiesental remain committed to transparency and member engagement.