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Align Partners makes public proposal to review merger between JB Financial and BNK Financial

Align Partners Asset Management made a public proposal to the boards of JB Financial Group and BNK Financial Group to review the strategic and financial feasibility of a merger. It said it asked the boards to form a special committee of independent directors and appoint a global investment bank and a strategy consultancy as advisers. Align Partners requested a reply by Aug. 7 and disclosure of any review results by the third-quarter earnings release.