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A major structural challenge with the combination of the companies is due to technology integration. Both companies operate from different systems platforms and well-thought out migration plans from current systems to new systems will take a few years. When Bruce Van Saun the CFO of the newly formed bank was asked, “how long will it take to integrate the two companies”? He stated, “We have a two-and-a-half year time frame to phase in the synergies, post closing. The biggest challenges will be around some of the technology integration between the two companies”...
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