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  2. Mergers and Acquisitions 2005
  3. Mergers and Acquisitions 2005

Mergers and Acquisitions 2005

  1. To authorize BANKBOSTON, N.A. to cede and transfer certain assets related to the banking business of BANKBOSTON, N.A. to BANCO GENERAL, S.A., and at the same time, for BANCO GENERAL, S.A. to assume certain liabilities of BANKBOSTON, N.A. related to the banking business. To authorize BANCO GENERAL, S.A. to acquire part of BOSTON OVERSEAS FINANCIAL CORPORATION, and all of the issued and outstanding capital shares of BOSTON INVESTMENTS SECURITIES INC. Resolution S.B. 09-2005 dated 21 January 2005. Official Gazette No. 25,230 dated 1 February 2005.
  2. To authorize BANCO CONTINENTAL DE PANAMÁ, S.A. to Merge by Absorption under a “Merger Agreement”, pursuant to which BANCO CONTINENTAL DE PANAMÁ, S.A. will absorb NAKA INVESTMENT CORPORATION, assuming all of its assets, liabilities and equity. Resolution S.B. 17-2005 dated 28 February 2005. Official Gazette No. 25,253 dated 9 March 2005.
  3. To authorize the Merger Agreement between CREDICORP BANK, S.A., CREDICORP FINANCIAL, INC. and FINANCIERA LA SUERTE, S.A., by virtue of which the latter two are merged into CREDICORP BANK, S.A., which will be the single surviving corporation. Resolution S.B. 061-2005 dated 23 June 2005. Official Gazette No. 25,341 dated 13 July 2005.
  4. To authorize the transfer of the assets, liabilities and investments of BANCO DE PICHINCHA LIMITED – NASSAU, subsidiary of BANCO DEL PICHINCHA C.A., to BANCO DEL PICHINCHA LIMITED PANAMÁ, S.A., which belongs to the same Economic Group, according to the Plan submitted to this Superintendency of Banks. Resolution S.B. 067-2005 dated 18 July 2005. Official Gazette No. 25,358 dated 05 August 2005.
  5. To authorize the merger by absorption of BANCO ATLÁNTICO (PANAMA), S.A., ATLÁNTICO LEASING, S.A. and ATLÁNTICO SERVICIOS, S.A., with BANCO ATLÁNTICO (PANAMA), S.A. remaining as the surviving corporation from this merger by absorption. Resolution S.B. 075-2005 dated 18 July 2005. Official Gazette No. 25,365 dated 18 August 2005.
  6. To authorize BAC CREDOMATIC HOLDING CO. LTD. and VINTAGE PROPERTIES LIMITED to sell up to 49.99% of their shares to GE CONSUMER FINANCE CENTRAL HOLDINGS CORP. (GECF), which will represent 49.99% of the corporate capital of a corporation to be established in BVI under the name BAC CREDOMATIC GECF INC. Resolution S.B. 076-2005 dated 18 July 2005. Official Gazette No. 25,358 dated 05 August 2005.
  7. To authorize the Merger Agreement between BANCO INTERNACIONAL DE COSTA RICA, S.A. and BICSA CORPORACIÓN FINANCIERA, S.A., by virtue of which both corporations will be merged into a single surviving corporation, BANCO INTERNACIONAL DE COSTA RICA, S.A. Resolution S.B. 079-2005 dated 16 August 2005. Official Gazette No. 25,372 dated 26 August 2005.
  8. To authorize BANCO UNO, S.A. (Panamá) to acquire 1,453,418 shares, which represent 90.27% of the issued and outstanding shares of BANCO UNO, SOCIEDAD ANÓNIMA, and 1,363,600 shares, which represent 90.9% of the issued and outstanding shares of AVAL-CARD, SOCIEDAD ANÓNIMA, both Nicaraguan corporations. Resolution S.B. 81-2005 dated 26 August 2005. Official Gazette No. 25,385 dated 14 September 2005.
  9. To authorize the merger by absorption between BANCO GENERAL, S.A. and GENERAL INVESTMENT SECURITIES, INC., where BANCO GENERAL, S.A. will be the absorbing company and GENERAL INVESTMENT SECURITIES, INC. will be the absorbed corporation. Resolution S.B. 89-2005 dated 15 September 2005. Official Gazette No. 25,392 dated 23 September 2005.
  10. To authorize the merger by absorption of GRUPO MUNDIAL INVERSIONISTA, S.A. and GRUPO MUNDIAL TENEDORA, S.A., the latter remaining as the surviving corporation of this merger by absorption and therefore, holder of all issued and outstanding shares of BANCO PANAMEÑO DE LA VIVIENDA, S.A. Resolution S.B. 101-2005 dated 28 October 2005. Official Gazette No. 25,435 dated 30 November 2005.
  11. To authorize GNB SUDAMERIS BANK, S.A. to acquire up to 50% of the issued and outstanding shares of STARMITES CORPORATION, N.V., which owns 100% of the issued and outstanding shares of GILEX HOLDING, B.V., which owns 94.7287% of the issued and outstanding shares of the financial entity denominated BANCO GNB SUDAMERIS, S.A. Resolution S.B. 107-2005 dated 22 November 2005. Official Gazette No. 25,441 dated 9 December 2005.
  12. To authorize BANCO PANAMEÑO DE LA VIVIENDA, S.A. to acquire 51% of the issued and outstanding shares of GRUPO COLFINANZAS, S.A., which owns 100% of the issued and outstanding shares of COLFINANZAS, S.A. Resolution S.B. 110-2005 dated 24 November 2005. Official Gazette No. 25,450 dated 22 December 2005.
  13. To authorize the transfer of one thousand one hundred sixteen (1116) shares of BANCO INTERNACIONAL DE COSTA RICA, S.A., owned by BANCO NACIONAL DE COSTA RICA, to BANCO DE COSTA RICA, the latter being the owner of fifty-one percent (51%) of the three thousand six hundred (3600) issued and outstanding shares of BANCO INTERNACIONAL DE COSTA RICA, S.A. Resolution S.B. 119-2005 dated 20 December 2005. Official Gazette No. 25,471 dated 25 January 2006
  14. To authorize GTC BANK, INC. to acquire 199,960 shares of FINANCIERA G&T CONTINENTAL, S.A. Resolution S.B. 121-2005 dated 23 December 2005. Official Gazette No. 25,471 dated 25 January 2006.