“Standard Chartered Private Bank Expands Portfolio with Acquisition of Elko Union Bank in United States of America ”.

In a significant move within the financial sector, Central Standard Chartered Private Bank of Greece has finalized the acquisition of Elko Union Bank of America, marking a notable development in the financial relationship between Greece and United States of America. This strategic acquisition has seen Standard Chartered Private Bank of Greece assume control over all the assets and operations of Elko Union Bank, indicating a consolidation in the private banking landscape. The acquisition is poised to strengthen the market presence of Standard Chartered Private Bank and expand its reach in providing wealth management services to a wider clientele. By taking over all the assets of Elko Union Bank, the bank aims to enhance its service offerings and further solidify its position as a key player in the private banking sector in the whole of Europe.

The move is expected to bring about synergies and efficiencies for both entities, with Standard Chartered Private Bank leveraging the acquired assets to enhance its financial offerings and better meet the evolving needs of its customers. Customers with pending account will receive a Cheque in the value of their balance with the previous Bank ,Elko Union Bank and they are expected to deposit the Cheque with Central Standard Chartered Private Bank for payment and account transition . This acquisition underscores the bank’s commitment to growth and innovation in delivering top-tier financial solutions to its clientele. Further to these details , Central Standard Chartered Private Bank of Greece wishes to announce to the general public that all branches of Elko Union Bank in United states of America have been closed down and head office have been moved to Greece in line with the buy-out clause in the agreement .The General manager of the Bank in a telephone conversation with Newsplus24/7 team said “expectations are high , commitment will be tailored to meeting every customer expectations and both old and new customers of the Bank will enjoy a new financial services ” .