The government have sanctioned the transfer of ICS business to Bank of Ireland, per this official announcement issued in late August, 2014 =
We would like to advise you of the transfer of the business of ICS (the Transferor) to Bank of Ireland (the Transferee), pursuant to SI 257 of 2014 made by the Minister for Finance [Central Bank Act 1971 (Approval of Scheme of Transfer between ICS Building Society and The Governor and Company of the Bank of Ireland) Order, 2014)], to take effect on 1 September 2014, or such later date as may be agreed between the Transferor and the Transferee pursuant to the scheme.
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