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NASHVILLE — The merger between the $27 billion WesCorp and $1 billion VolCorp is back on track.

The merger was announced in late 2005, but has been stalled because of some regulatory hurdles in Tennessee, home to VolCorp. When VolCorp was created via legislation by the Tennessee government there was no provision for mergers. The Tennessee Department of Financial Institutions stated that it needed to see significant benefits for VolCorp’s credit unions in order to allow the merger to move forward.

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