Letters to clients are business letters, and therefore, they should be formal and professional. They can also access all the presentations, playbooks, books, articles, checklists, … Free downloadable letter examples to help you communicate with your bank and credit union account holders. Addressee Address City, State Zip. After all, we have been friendly competitors for the past twelve years. Your merger announcement letter should solidify your company’s mission, explain anticipated changes and provide the customer with a point person to help navigate new policies and … Merging with them will allow us to offer more products, services, and convenient branch locations than ever before. The relevant geographic market also includes the areas where existing and potential customers impacted by the proposed merger transaction may practically turn for alternative sources of banking services. As a result, customer defections contribute to high failure rates and can undermine the value a merger once promised. Direct marketing letters should be sweet and to the point. Basically, a letter to a client can be just about anything, as long as whatever you are communicating is business-related. Managing Mergers and Acquisitions Compliance 5 •FDIC Insurance Coverage –Determine which depositors of both banks will be impacted. Swamy has also asked for a CBI enquiry into the Reserve Bank of India's functioning. The bank must refer to specific regulations for notice requirements on loans, deposit accounts, branch closing, etc. December 14, 2010. New Delhi: As the merger came into effect from April 1, customers of Dena Bank and Vijaya Bank are now account-holders of Bank of Baroda, which has become India's third-largest bank. You should have received a letter with our updated privacy notice and an overview of what to expect for Digital Banking downtime and when logging in the first time after the merger. Dear Sirs, I hereby present to you a letter of guarantee from _____ (Company Name) who have a considerable turnover and hold a current in your bank vide no._____ duly signed and stamped, as required. Dear Lighthouse Bank Clients and Customers, Welcome to a new, premier banking experience, the merger of Lighthouse Bank and Santa Cruz County Bank. This letter will help you inform both your current and soon to be account holders of the upcoming merge … With this sometimes abrupt change, customers of the organization being acquired could react emotionally, leading to attrition and to a potential undermining of the financial models used to justify the merger … We are looking forward to the numerous benefits that we can all reap from taking this step. Full text: us airways ceo's merger memo to workers. Enter an email and password below to sign in and download the templates. And with more merger activity expected, consumers might as well get used to the possibility. LVB-DBS Bank Amalgamation: BJP leader and Rajya Sabha MP Subramanian Swamy has written a letter to Prime Minister Narendra Modi asking the Government to put Lakshmi -Vilas Bank merger with DBS Bank India on hold. Merger Notice Letter Bank or Credit Union merges are an excellent opportunity to not only grow but to provide more services to your account holders. It also results in capital raising which is one more beneficial aspect of merger and acquisition. Example 3: Company merger letter. [PROVIDE A SHORT SUMMARY OF YOUR FINANCIAL INSTITUTION’S HISTORY AND BACKGROUND AS WELL AS HOW THE MERGING INSTITUTION WILL STRENGTHEN YOUR INSTITUTION]. To, The Manager, (Bank Name) (Address) Sir, I want to open a Current Account with your bank in the name of _____ (Name) with my initial deposits of _____ (Amount). Print the letter on the company's letterhead. We are excited to announce that [INSERT FINANCIAL INSTITUTION’S NAME YOU ARE MERGING WITH] has entered into an agreement to merge with [INSERT YOUR FINANCIAL INSTITUTION’S NAME]. In most cases, they usually advertise single service or product line, especially one that is considered to generate great profit to the business. These samples suggest what to say to clients of the predecessor and successor firms: Letter to Clients … –Send letter to impacted customers. Learn in this article, how to write a letter, from the format given under, to inform the bank about your loss of Debit cum ATM card. We will also be sending you more information about new benefits and products very soon. Business Relocation Letter to Customers Here is a sample business relocation letter that is suitable for the customer base. –Customers and bank have 6 months to retitle accounts to ensure maximum FDIC coverage. Bank or Credit Union merges are an excellent opportunity to not only grow but to provide more services to your account holders. Merger and acquisition client announcement letter (template. J.D. [INSERT YOUR FINANCIAL INSTITUTION’S NAME] is honored to serve both our new account holders and current ones. If during the next part of the process, where the seller goes through due diligence and they buyer acquires capital to make the purchase, goes smoothly, then the transaction will be complete. Sign the letter and provide your contact details. A Customer Reference Guide will be mailed close to our conversion date detailing how your Calumet accounts and services may change. Letters to clients are letters a person or organization writes to other people and/or organizations that benefit from the senders' products or professional services. Mergers between U.S. banks could hit unprecedented levels in the coming years, according to many analysts. Approximately 75% of customers of these merging banks state that they received information about the mergers from a third party, rather than their bank. To further examine the sentiment of impacted customers, comments were crossed reference based on positive, neutral and negative against their emotions expressed in their comments. March 31, 2009 The letters you send to clients announcing a merger or acquisition should reassure in order to retain. Most merger communication programs involve an initial welcome letter (which nails the “early” part), followed by a huge gap until the voluminous “conversion packet” arrives in the mail just … This letter is to confirm the mutual intent of a merger between KLN Inc and Peterson Enterprises Ltd. We have worked together for the last 10 years and there has been various ups and down which the two companies have worked together to sail through. This ... JPMorgan Chase and Bank One merger … Company Name or Letterhead Address City, State Zip. Mergers and acquisitions ("M&A") of bank holding companies ("BHCs") and banks are subject to lengthy and sometimes unpredictable regulatory scrutiny and application processing between signing and closing. When you own a business, you will likely need to write letters to your customers. Start the letter with a proper salutation. We know Lighthouse Bank has been a great bank for you. If necessary, include testimonials from customers who have used the product or service. You should request your bank to block it immediately to prevent the misuse of your ATM card by someone else and apply for new debit card. Community bank merger & acquisition has been found to have wonderful benefits for both the acquired banks as well as the customers. Now a days, many banks are coming to people to avail loan on various categories and people do avail all but while coming to EMI (equal monthly installments), it is holding on the neck like knife and hence this thought of letter to bank to merge … Date. Company Name or Letterhead Address City, State Zip. If drafted correctly, direct marketing letters can be one of the most effective marketing tools for your business. Tuesday, February 21, 2012] [NAME, COMPANY AND ADDRESS, ex. If an individual contacts Bank Mutual after receiving a merger related mailing and states they no longer have a Bank Mutual account, or their deceased relative no longer has an account, there are some actions you can take to verify their account status and explain the reason the mailing was sent. We hope that you can send us confirmation of your approval for us to send you this packet.It is our staunch belief that this merger will bring about only positive changes for everyone. ... Financial Institution Letter, 46--98 (May 1, 1998). We assure you that all your records will remain properly maintained and organized. –Send letter to impacted customers. You are likely not aware that there are multiple charters at First Bank & Trust, and may not even notice a merger has occurred. It is our hope that joining these two great forces together will mean greater things and a brighter future for all connected.We have decided to name the newly merged company as PS Banking. Dear Fellow Employees: We are in the process of making a number … Be brief and straightforward and avoid adding irrelevant details. These documents will provide everyone with an idea of the history of this decision and how it will directly affect you. How to Write a Business Letter to Customers. Merger announcement – north marin community services. Answer: The bank must … Not only does an acquisition give your bank more capital to work with when it comes to lending and investments, but it also provides a broader geographic footprint in which to operate. The combined business base of the merged bank will be Rs 14.59 lakh crore. As we prepare this year’s annual letter to shareholders, the world is confronting ... there for clients, customers and communities in the most critical times. Dear ex Bank BNP Customers, We want to thank you for your trust and support. We value our relationship, and we are therefore committed to continue delivering the best services to our customers. The government will provide Rs 11,700 crore to Union Bank for the merger process. Customer satisfaction or customer service is another factor that varies with a merger. It will certainly make the company stronger and more competitive in the market, and the increased resources will ensure that we are more capable of providing quality customer service in all aspects.Both Platinum Savings and Silver Grants and Credit Services have been the leading companies in the country in their respective industries. Dear Customer: On behalf of all of us at WestStar Bank – welcome! It may be sent to hundreds of individuals and businesses. While every merger or acquisition client letter should contain this type of information, it is important to think about the following considerations: You might have to modify the sections above based on whether or not your organization has gone through a merger… You are likely not aware that there are multiple charters at First Bank & Trust, and may not even notice a merger has occurred. Begin the letter with a provocative idea that … If the company cannot handle such a big mailing, there are business service companies that will print, label and mail the letters. Change advice letter – for customer payments Author: n139653 Last modified by: n139653 Created Date: 2/13/2012 9:43:00 PM Company: National Australia Bank (Aust) Ltd Other titles: Change advice letter – for customer payments If you don't already have an account, sign up for a free account and get access to our entire library of templates. To write a business letter to customers, use a professional-looking letterhead that features your business name or logo. –Ensure that all customers … First published on BankersOnline.com 3/08/10 Indian Bank: Indian Bank will merge with Allahabad Bank, and the combined business … Letter to Bank for Opening a Current Account. Auto Loan Letter … The first step is a personalized letter from the desk of the CEO that welcomes and reassures acquired clients, placing emphasis on their value as customers. Sincerely, [Senders Name] [Senders Title] -Optional-, [Enclosures: number] - Optional - cc: [Name of copy recipient] - Optional -, Further things to consider when writing direct marketing letters to clients. Banks that don’t adopt more customer-centric planning methods (e.g., mapping audience behaviors to products instead of vice versa) risk delivering a broken customer experience. In some cases, a newly merged company may experience problems at the customer service level. [President/CEO’s Name] [Title] [Your Financial Institution’s Name], [President/CEO’s Name] [Title] [Financial Institution’s Name]. But a bank merger or acquisition, when handled well, doesn’t have to be difficult for the customer. You will also receive one email a month with information about new templates available to you. When we re-open on [INSERT DATE], all [INSERT FINANCIAL INSTITUTION’S NAME YOU ARE MERGING WITH] locations will open as [INSERT YOUR FINANCIAL INSTITUTION’S NAME] branches. [INSERT FINANCIAL INSTITUTION’S NAME YOU ARE MERGING WITH] shares the same values as us. In fact, many of us have worked together at both banks. No More Late Payments - Bill Pay Letter. They could also be response letters to respond to clients' queries or inform letters to notify the clients of important matters like discounts on products and services, relocation of offices, etc. To help ensure your transition is as seamless as possible, we’re providing this packet of timely information and important disclosures. FDIC Statement of Policy on Bank Merger Transactions I. “Customer retention or attrition after a merger will be a direct function of how well communication is handled through the merger integration process,” says Casey Boggs, president of LT Public Relations. 4. Free downloadable letter examples to help you communicate with your bank and credit union account holders. Frequent Now, these reference letters portray the ingenuity of the candidate as to how diligent he is in paying off his liabilities which in turn help banks to … Direct marketing letters should be sweet and to the point. Your accounts and services will also remain the same. With this business merger, we will also join efforts to bring you the positive aspects of both newspapers. Announcement of Acquisition [DATE, ex. A bank merger helps your institution scale up quickly and gain a large number of new customers instantly. Close the letter by warmly inviting the recipient to respond or to take the necessary action. Direct marketing letters allow you to reach prospective customers and generate business. If a client is required to take a certain urgent action, make sure to specify exactly what he/she is supposed to do. Enter your information below to get instant access to our entire library for free. The merger … These could be welcome letters to welcome the clients to the organization, introduction letters to introduce a product or service to the clients, or thank-you letters to appreciate clients for their continued support. In preparing your letter of instruction for upcoming mergers, general questions concerning mergers should be addressed to Donna Wilson, Supervising Financial Analyst at 215-574-6595 or Janet Rizzo, Manager Customer Service at … We would like to inform you of the upcoming merger of Platinum Savings and Silver Grants and Credit Services. Lakshmi Vilas Bank (LVB) was amalgamated with DBS Bank … Addressee Address City, State Zip. The first step is a personalized letter from the desk of the CEO that welcomes and reassures acquired clients, placing emphasis on their value as customers. A bank's early communications to customers regarding the merger are of the utmost importance. Clearly state the purpose of your letter. A bank's early communications to customers regarding the merger are of the utmost importance. These letters can be addressed to specific customers or to all customers, depending on the issue. You should inform your bank officials to take an immediate action. Free downloadable letter examples to help you communicate with your bank and credit union account holders. Keeping customers fi rst in merger integration 1 The merger integration process brings with it a natural opportunity to reevaluate—and even improve—the overall customer experience It’s no mystery why customers expect the worst whenever mergers are announced. To establish an assertive tone, be sure to write in the active voice, adding any relevant details to clarify the letter's … In preparing your letter of instruction for upcoming mergers, general questions concerning mergers should be addressed to Donna Wilson, Supervising Financial Analyst at 215-574-6595 or Janet Rizzo, Manager Customer Service at 215-574-4352. Keeping customers fi rst in merger integration 3 One year after announcing the Commerzbank– Dresdner Bank merger, Germany’s biggest banking deal in a decade, the companies realized that migrating two IT systems would take a year longer than anticipated. All of the great employees, community involvement, and financial services you love will continue to serve you. Direct marketing letters allow you to reach prospective customers and generate business. Merger announcement returns with preparations. Well, in a merger or acquisition a letter of intent is used to determine the terms and the timing of the deal, as well as making sure that the seller will stop talking with other buyers. If you have $250,000 or less in all of your deposit accounts at Manager characteristics and employee job insecurity around a. You should have received a letter with our updated privacy notice and an overview of what to expect for Digital Banking downtime and when logging in the first time after the merger. Branch Closure Customer Notice. A relationship-building brochure is an effective communication piece that gives the acquiring bank an opportunity to emphasize its brand promise, show its strengths and the advantages … We are pleased to share that WestStar Bank and First National Bank have received all necessary approvals to complete our merger. Product. You will receive the most up-to-date stories, as has been the hallmark of The Daily Stratford, with the creative approach to news and events, the claim-to-fame of Stratford Press. To keep all our customers, shareholders, and other partners informed, we will be sending out an information packet within the next two weeks. Mergers and acquisitions ("M&A") of bank holding companies ("BHCs") and banks are subject to lengthy and sometimes unpredictable regulatory scrutiny and application processing between signing and closing. Plan your schedule our new account holders credit union account holders customers or to take a certain urgent,... 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