Acrevis Bank to absorb Regiobank Männedorf in planned merger

Group 1 - Acrevis Bank and Regiobank Männedorf (RBM) have agreed to merge, with the transaction valued at SFr 25.8m ($35.2m) [1][2] - The merger will involve a 1:5 stock split for acrevis Bank shareholders, who will receive five shares for each share they currently hold [1] - RBM shareholders will receive 17 post-split acrevis shares per RBM share plus a cash payment of SFr 200 [1][2] Group 2 - The offer represents a 29.9% premium over RBM's volume-weighted average share price over the past 60 trading days [2] - After the merger, RBM will operate as a branch under the new name "acrevis Bank Männedorf," retaining its location and current employees [2][3] - RBM currently manages SFr 439.7m in total assets and employs 11 staff, while acrevis Bank holds SFr 5.1bn in assets and employs around 190 people [2] Group 3 - The merger is subject to approval by both banks' shareholders and regulatory authorities, including FINMA, with completion targeted for mid-year [3] - The transaction will be financed primarily through a capital increase by acrevis Bank [3] - The goal of the merger is to combine the capabilities of both banks while continuing the development of acrevis Bank [3]