I believe this deal will be a bit complex, the two cultures are very far off of each other. BAE very progressive, chilled (somewhat compared to other banks), while JKB is more of rigid. The fact that they’ll end up with more than 100 branches that will require mass level closures and a big number of redundant frontliners will need some guts to handle them in light of the CBJ mandates to not let go people for 24 months.
Add to that the fact that since they are two medium sized banks middle and upper management will be pressured to prove their existence and the need to be kept under the new umbrella … the case in Capital vs Audi and SGBJ was easier since branches and ATMs were much less, employees were more under control as count.
But BAE will definitely benefit from the regional presence that JkB enjoys will availing technology solutions to them across the different geographies without having to pay additional capital raises
I believe this deal will be a bit complex, the two cultures are very far off of each other. BAE very progressive, chilled (somewhat compared to other banks), while JKB is more of rigid. The fact that they’ll end up with more than 100 branches that will require mass level closures and a big number of redundant frontliners will need some guts to handle them in light of the CBJ mandates to not let go people for 24 months.
Add to that the fact that since they are two medium sized banks middle and upper management will be pressured to prove their existence and the need to be kept under the new umbrella … the case in Capital vs Audi and SGBJ was easier since branches and ATMs were much less, employees were more under control as count.
But BAE will definitely benefit from the regional presence that JkB enjoys will availing technology solutions to them across the different geographies without having to pay additional capital raises