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All,

First, let me give credit where it's due -- my good friend, GoCowboys alerted me to this merger, which is happening near me.

The Royal Bank of Scotland (d.b.a. Citizens Bank in the Mid-Atlantic and New England areas) has just entered into a merger agreement with Philadelphia-based Commonwealth Bank (who operates the majority of their branches as "in-store" offices).

What does this mean?? In less than 18 months, Citizens, a well-known brand in New England for several years, has gone from a virtual unknown in Pennsylvania to a major force in the local retail banking scene (as made evident by their partnerships with the Philadelphia Phillies baseball club, among others). RBOS hasn't been shy about their intentions (and their deep pockets) to further grow their existing franchises in N.E. and PA.

If I were running a competing bank, I'd take notice that there's a new kid on the block, and he's looking to get bigger!

SouthJerseyJim
"Always first with the news that counts!"
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