Part of it — "the good bank" — was folded into the Bank of Cyprus.

But however "good" the assets are, the arrangement is not sitting well with Bank of Cyprus employees.

George Iordanou, a native Cypriot and PhD Candidate at the Department of Politics and International Studies of the University of Warwick, took photos of the tense scene this morning as BoC workers gathered outside their own headquarters to plan a demonstration outside the Central Bank.

Here was the scene outside the Bank of Cyprus as they organized the protest...

There's also a rumor the Bank's president has submitted his resignation.

And here's George's assessment: