[1] With the backing of its parent, ACCBank embarking on ambitious plans to strengthen and grow its presence in Ireland as a leading Business and Agri-business bank.
[2] Commenting on the changes, country manager Kevin Knightly for parent Rabobank found losses incurred by ACC Bank Plc because of the property crisis, a position emerging of its costs exceeding income during 2014 and that position was unsustainable for its parent, requiring immediate action to stem loses.
[4] SIPTU and UNITE trade unions wanted the Government to take ACC Bank back into State ownership and were looking for a meeting with the Minister for Finance in an attempt to seek to save jobs.
There was some redeployment opportunities to Rabobank but no new business was being generated for some time with the bank's staff focused on debt recovery.
[5] The remaining assets and liabilities of ACCLM, mainly consisting of dormant or unclaimed accounts, were transferred to ACC Investments Limited.