Sparisjóðurinn à KeflavÃk
– Keflavik Savings Bank, Byr Savings Bank and Reykjavik Savings Bank continue merger discussions
Sparisjóðurinn í Keflavík / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Keflavik Savings Bank, Byr Savings Bank and Reykjavik Savings Bank entered merger discussions in the beginning of December with a study taking place on whether grounds exist for a merger of the savings banks. The discussions have progressed well and will continue after the savings banks have completed their annual accounts. The timeframe that was prepared at the beginning of the discussions will not be realized due to the economic conditions in Iceland but a conclusion was hoped for during the first weeks of the New Year. No dates have been set about the continuation, however all parties aim towards reaching a conclusion as quickly as possible. For further information please contact: Geirmundur Kristinsson, CEO of Keflavik Savings Bank, tel: +354 421 6605 Ragnar Z. Guðjónsson, CEO of Byr Savings Bank, tel: +354 575 4000 Guðmundur Hauksson, CEO of Reykjavík Savings Bank, tel: +354 550 1213 News Source: NASDAQ OMX 20.01.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sparisjóðurinn í Keflavík Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000006443 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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