Following approval from the National Bank of Romania, Banca Comerciala Carpatica Bank has started final proceedings for merging with Bucharest-based Patria Bank, with plans to retain the latter’s name after the merger.
 
Banca Comerciala Carpatica Bank is a commercial bank headquartered in Sibiu providing financial services for individuals and corporations. Spokespersons for Carpatica said their priority over the next few weeks will be to streamline the transition for all customers and partners and continue their client relationships.
 
“We are glad that the merger came (directly) upon receipt of prior approval from the National Bank, and we are optimistic that the process of positioning the new bank on an upward path will be accelerated,” Horia Manda, president of the board of directors of Commercial Bank Carpatica Bank and Patria, said.
 
“The new bank, Patria Bank, remains faithful to our mission to help enhance financial intermediation ([among) Romanians by introducing simple products and services supported by a business model that allows optimal service to all categories of customers,” Manda said. “We want also to support local entrepreneurs and to help develop the domestic capital market."
 
Carpatica prides itself on fast, efficient banking solutions for its customers, offering a variety of account options with “e-Smart” electronic access.
 
Patria Bank has evolved over the past few years. In 2012, the bank changed its name from MKB Romexterra Bank to Nextebank; its most recent rebranding as Patria came in March 2016.