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The NAB brand disappears, but deep down CS wants to stay close to the town of Aargau. Also by transferring the numerous sponsorship commitments from the NAB to the CS Aargau Region on December 1. This was announced at the end of August, as was the closure of 18 branches in the network, which has a total of 30 branches.
Employees were briefed Thursday night, and by Friday morning the public will now also know which branches will be closed. In addition to the four CS branches (Baden, Frick, Aarau and Zofingen), which will be closed on November 30, the NAB branches in Bad Zurzach, Buchs, Fislisbach, Möhlin, Mutschellen, Nussbaumen, Rothrist, Seengen, Sins, Spreitenbach , Unterentfelden, Unterkulm, Villmergen and Wettingen canceled as of November 22.
At the same time, twelve cities and municipalities can breathe a sigh of relief. The branches will remain in Aarau, Baden, Bremgarten, Brugg, Döttingen, Frick, Lenzburg, Muri, Reinach, Rheinfelden, Wohlen and Zofingen.
These twelve branches must be preserved:
When the reduction of the branch network was announced, it was already announced that the man from NAB, Roberto Belci (21 years at NAB), will lead the CS Region of Aargau in the future. In an interview with the Aargauer Zeitung he promised a little later: “We will keep the identity of Aargauer.”
And he kept his word: at the core, that is, in the management of the future CS Aargau region, there is a lot of NAB. The vast majority (about 90 percent) of future executives have a NAB past and CS executives in Aargau also have their roots in the canton.
Banking overview in Aargau:
CS Region Aargau is also racking its brains with its many sponsorship commitments. It is said that several contracts are about to be extended or have just been extended. However, it doesn’t work entirely without compromises.
While the charity association intends to continue its activities and also this year to support projects and charities in Aargau with notable contributions, the NAB Award will not take place.
While this is an embarrassment to the canton, the bank honestly believes that there is little point in handing out an award in late November on behalf of an institution whose name disappears from the market a few days later.
However, there is still uncertainty about exactly how many positions will be removed. By the time the merger of the two banks is completed next spring, there should be clarity. On the one hand, this is due to the fact that the nominated leadership will appoint the next level of leadership and will put the teams together with a lot of pressure.
On the other hand, the merger of the two banks will also require considerable human resources in an initial phase. Therefore, it will be some time before there is clarity on this.
