Bank of Ireland is to buy most of KBC Bank Ireland's loans as part of a 5 billion euro deal.
The companies have entered into a legally-binding agreement that will see BOI acquire around 8 billion euro worth of performing mortgages, along with performing commercial and consumer loans, deposits and some non-performing mortgages.
KBC is due to exit the Irish market and says customers don't have to take any immediate action at this point.
Keith Grace, Karol Sadlier, Ceola and Carron announced as the station's A New Local Hero finalists
With Irish Music Month underway, the good news is continuing to roll in for rising stars across the nation, with more than eighty artists being named as local finalists in the national search for A New Local Hero over the coming weeks. Here are Sunshine 106.8's four picks: Keith Grace, Karol Sadlier, Ceola and Carron.
Andrea Hayes talks with Brian Redmond from RTE One's Dancing with the Stars Show
Pat Shortt in conversation with Sunshine 106.8's Joe Harrington
