Ann: Treasurer approval received for MyState transaction, page-3

I cannot really help you make a decision but I can tell you how I see the "merger of equals". As set out in the Scheme document both banks are of the opion that the merger will deliver somewhere between $20-25M in cost savings once the integration process is complete. In my view it is then down to how you see that translating into benefits to you the shareholder. One would hope that filters down to increased EPS which should translate into increased dividend and consequently increased SP. I guess it is not possible to be that simplistic when there are other macro conditions affecting the market generally but it could be said that is what you would expect normally. The other point is that the recent acquisition of the leasing company by ABA is complete and is inclusive in the merger so that potential has not been lost.

Banks by their very nature need to grow to be successful and this represents near 50% growth once the two are merged. Looks OK to me but please do your own homework based on your entry price.