Meridian Commercial Bank has become one of the most prominent commercial banks in the country.
In addition to the $3.3 trillion merger it announced last month, the bank is also under investigation for potentially violating anti-money laundering rules and has been embroiled in a legal battle with a subsidiary of the Bank of New York Mellon.
In the weeks leading up to the merger, Meridian has faced scrutiny for not doing enough to stop the merger.
“This merger was an unprecedented one, and Meridian is in no way prepared to give up on its business,” said Brian J. D’Annunzio, chief executive officer of Meridians Commercial Bank.
“We will continue to operate with integrity and a culture that fosters a culture of transparency, and we will not compromise that.”
Read the story: Meridian merger story in Newsweek.