The Board of Directors of radicant bank has decided, in consultation with its majority shareholder, Basellandschaftliche Kantonalbank (BLKB), to cease its business operations. radicant holding ag and radicant business services ag will also cease their activities.
On September 23, the BLKB Board resolved to end its engagement with radicant.
Following a review of various sale options, no solution could be found to continue the bank’s operations.
Consequently, the radicant Board, in coordination with BLKB, has decided to cease business activities.
The planned exit from banking will be carried out in an orderly manner, in the interests of customers, employees, and external partners.
The process will be coordinated with BLKB as the principal shareholder.
Bruno Meyer, CEO of radicant, said:
“Our priority is the consistent pursuit of optimal solutions for our customers, alongside responsible support for our employees. At the same time, radicant places great importance on providing open and transparent information.”
Bruno Meyer was appointed CEO of radicant less than a month ago, on October 27.
All obligations towards customers, employees, and partners will continue to be fully met.
Those affected will be informed of the next steps in a transparent manner.
Featured image credit: radicant
