AMCON, in a statement signed by its Head, Corporate Communications Strategy and Research, Mr. Kayode Lambo, last week announced that Skye Bank is the preferred bidder for the acquisition of the entire issued and fully paid-up ordinary shares of Mainstreet Bank.
Within four days of AMCON’s announcement of Skye Bank as the preferred bidder for Mainstreet Bank, Skye Bank paid the mandatory 20% deposit of the bid price, which was the same day it signed the SPA and well ahead of the deadline, which was October 9, 2014. Skye Bank again, on Oct. 31, paid the 80% balance to complete the take-over of Mainstreet Bank ahead of the transaction deadline.
Very welcome development!
ReplyDeleteBut what about my account with Mainstreet bank? The 1k balance I have there wouldn't vanish with the acquirement right?
DeletePeeps re gonna loss dem jobs, and peeps re gonna get a job...
ReplyDeleteGood for Mainstreet Bank,they had more staff than customers.
ReplyDelete~BONARIO~says so via NOKIA LUMIA
U are big fool how is it possible to hav more staff than customers, always making off point comments
DeleteGood.
ReplyDeleteYour comment will be visible after approval
hmmmmmm. i hope pple will not be rendered jobless again
ReplyDeleteA blind can not lead a blind.
ReplyDeleteTnk God o.bcs dt main street bank is so dry.especialy d one in gwags.their atm never wrks.shior
ReplyDeleteD Skye bank we hav in abj(kubwa) luks lyk smtin dah wil die soon yet dy r stil buyin oda banks..I remain #Immanuel
ReplyDeleteI proudly mainstreet...I hope skye wld treat us as gud as ma bank does...
ReplyDeleteThat's nice #bright bravo#
ReplyDeleteThat Kunle is just selling everything like OLX.
ReplyDeleteAlright
ReplyDeleteBORN TO SHINE!!!
NICE...
ReplyDeleteGood one....via IPHONE
ReplyDeleteBusiness in Nigeria is taking a new dimension which is a welcome development.
ReplyDeleteCheck out www.aidwealth.com for business opportunities in Nigeria. Don't wait, start something
ReplyDeleteNot so good a news for Mainstreet staff memebers
it a good idea since this bank is getting very dry it good to sell it, but what happen to the staff
ReplyDeleteBonario Nnags why dont you get ur facts right before you open your big mouth, Mainstreet bank was far more efficient than any other major commercial bank within the last two years. try and check their net profit within the last three years, Mainstreet bank was the only bank that went fully into the Agric sector to boost the other sectors which other banks were not able to do and most importantly thats why alot of banks got interested in having Mainstreet bank. We are so proud to be SKYE BANK
ReplyDeleteMainstreet bank did better in the last three years than other banks so @bonario nnags SHUT THE F**K UP
ReplyDeleteSO proud of my people and my company Greenwich Trust Limited
ReplyDeleteNa waooo, a dead bank buying over another dead bank. What do you think will happen?. Bad market.
ReplyDeleteNo kidding, it will be hell for some.
ReplyDeleteDatz d best tin dat can happen 2 mainstreet bank. Gosh wen u get in2 dat bank, its looks like desert. I normally pity d staff. No deposit slip sometimes, No light, customers wld hv go in tru d back door.
ReplyDeleteAhhhhhhhh it was dat bad mehnnnn. Sky bank-D saviour!!!!
Lol @Banorio.....indeed ooo, dey had more staff dan customers. Most of dere branches were just structures, not much transactions go on dere.
ReplyDeleteNice how the banking sector in Nigeria has been revolutionized
ReplyDeleteThat bank never seems to ever exist... Sammyprince4all@yahoo.com
ReplyDelete