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  2. Mergers and Acquisitions 2003
  3. Mergers and Acquisitions 2003

Mergers and Acquisitions 2003

    1. To authorize Primer Banco del Istmo, S.A., Bienes Raíces Portobello, S.A., Inmobiliaria de América Latina, S.A., and Bienes y Valores Monterrey, S.A. to merge under a “Merger by Absorption Agreement” whereby the surviving entity will be Primer Banco del Istmo, S.A., absorbing Bienes Raíces Portobello, S.A., Inmobiliaria de América Latina, S.A. and Bienes y Valores Monterrey, S.A., and assuming all of their assets, liabilities and equity. Resolution S.B. 142-2003 dated 23 September 2003.
    2. To authorize the merger by absorption of Primer Banco del Istmo, S.A. and Banco Mercantil del Istmo, S.A. under a “Merger Agreement” that has been submitted whereby the former will absorb the latter. Resolution S.B. 152-2003 dated 30 October 2003.
    3. To authorize the transfer of all shares, liabilities and equity of the subsidiaries of Banco Internacional de Costa Rica, LTD. to Bicsa Corporación Financiera, S.A., including all shares of Banco Internacional de Costa Rica, S.A. Resolution 07-2003 dated 30 January 2003.
    4. To authorize the transfer of all issued and outstanding shares of Banco Agrícola (Panama), S.A. to Banagricola, S.A. Resolution S.B. 35-2003 dated 16 April 2003.
    5. To authorize Global Bank Corporation to acquire all issued and outstanding shares of Bancolat Overseas Limited, bank organized under the laws of Monserrat, British West Indies and owned by Primer Banco del Istmo. Resolution 65-2003 dated 9 June 2003.
    6. To authorize Banco Atlántico (Panamá) S.A. to purchase 51% of the shares that Atlántico Holdings Financial, Ltd. maintains in Banco Atlántico (Bahamas) Bank & Trust Ltd. S.B. Resolution 107-2003 dated 1 September 2003.
    7. To authorize the exchange of issued and outstanding shares of CTB Financial Holding Company and The International Commercial Bank of China. Resolution S.B. 109-2003 dated 11 September 2003.
    8. To authorize LSF-KEB Holdings, SCA to acquire 51% of Korea Exchange Bank’s shares. Resolution S.B. 150-2003 dated 17 October 2003.
    9. To authorize Banco Uno, S.A. to acquire 100% of the shares of Uno GFU Financial Group S.A., which owns 99.99% of the shares of Banco Uno, S.A. (Costa Rica). Resolution S.B. 241-2003 dated 4 December 2003.
    10. To authorize Bac International Bank, Inc. to acquire 95% of the shares Bac International Bank (Grand Cayman) holds in Credomatic International Corporation. Resolution S.B. 332-2003 dated 17 December 2003.