HERE AND BEYOND
Meeting on approval of the Ameriabank and Cascade Bank merger to take place on June 17, 2010
Media Room

 

Dear clients of Ameriabank and Cascade Bank
 
Please, be advised that the merger of Ameriabank CJSC and Cascade Bank CJSC will be approved at Joint General Meeting of Shareholders on June 17, 2010.
 
The banks resolved to be reorganized through consolidation back in May this year*. Ameriabank and Cascade Bank merger agreement has already received the Central Bank of Armenia prior approval**.  
Ameriabank CJSC will continue its corporate existence as the legal successor of Cascade Bank CJSC. As such, Ameriabank is highly committed to advanced and quality customer service with tailored approach and unprejudiced banking solutions.
Kindly be advised*** that any client of Ameriabank and Cascade Bank is entitled to claim additional security and warranties, cancellation or calling-in of liabilities, and indemnity. Any such claim should be presented to Ameriabank CJSC, 9 Grigor Lusavorich Street, Yerevan, not later than within 30 days of the date of relevant written notice issued to the clients. Should the client fail to honor this date this shall be construed as acceptance of the terms of reorganization with retention of all legal contractual rights and obligations between the client and bank.  
 
* Decision N 02/10/01 of the Extraordinary General Meeting of Ameriabank CJSC Shareholders dated May 14, 2010 and decision N 44/1 of the Extraordinary General Meeting of Cascade Bank CJSC Shareholders dated May 14, 2010
 ** Resolution of the Central bank of Armenia N 13 BGA dated May 21, 2010  
*** According to part 5 of article 18 of the Law of the Republic of Armenia “On Joint-Stock Companies”
Updated 17.06.2010, 15:11
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