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# Attica Bank and Pancreta Bank Announce Merger by Absorption
- URL: https://www.theglobalbanker.com/attica-bank-pancreta-bank-merger-absorption-greece-2024/
- Published: 2024-07-19T06:00:00.000Z
- Updated: 2026-10-02T14:39:24.000Z
- Description: Attica Bank and Pancreta Bank formally announced a merger by absorption in July 2024, under an agreement between the Hellenic Financial Stability Fund and Pancreta shareholder Thrivest Holding.
- Author: TGB Editorial Team
- Tags: M&A, Europe, #archive

Attica Bank and Pancreta Bank announced on 18 July 2024 a merger under which Attica Bank will absorb Pancreta Bank, combining two of Greece's smaller commercial lenders. 

The merger by absorption structure means that one institution formally absorbs the other, with the surviving legal entity taking on the full assets, liabilities, employee contracts, and business relationships of the absorbed bank.