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  2. Mergers and Acquisitions 2002
  3. Mergers and Acquisitions 2002

Mergers and Acquisitions 2002

  1. To authorize Grupo Continental, S.A. and Bipan Holding Corp. to merge under a “Merger Agreement” whereby the former entity will absorb the latter. Resolution 9-2002 dated 18 February 2002.
  2. To authorize Primer Banco del Istmo, S.A. and Inversiones Latinoamericanas, S.A. to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 30-2002 dated 17 May 2002.
  3. To authorize Banco Internacional de Costa Rica, S.A. to transfer 25% of its shares, currently owned by Grupo Financiero Bicsa, S.A. to Banco Internacional de Costa Rica, Ltd. Resolution 36-2002 dated 10 June 2002.
  4. To authorize the merger by absorption abroad of FIRST UNION NATIONAL BANK with WACHOVIA BANK, NATIONAL ASSOCIATION, whereby the former will absorb the latter, assuming all its assets and liabilities. Resolution S.B. 39-2002 dated 25 June 2002.
  5. To authorize Banco Continental de Panamá, S.A. and Banco Internacional de Panamá, S.A. to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 42-2002 dated 8 July 2002.
  6. To authorize Grupo Financiero Continental, S.A. to acquire all shares of Banco Alemán Platina, S.A., held by Platina Finanz Ag. Resolution 45-2002 dated 22 July 2002.
  7. To authorize Primer Banco del Istmo, S.A. and Banco de Latinoamérica, S.A., to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 59-2002 dated 9 September 2002.
  8. To authorize Banco Continental, S.A. to acquire all shares of Banco Alemán Platina, S.A. held by Grupo Financiero Continental, S.A. Resolution 62-2002 dated 2 September 2002.
  9. To authorize Banco de Préstamos (Panamá), S.A. to transfer its assets, liabilities, contingency funds, equity accounts, and memorandum and income accounts to Banco de Préstamos, S.A. (Ecuador). Resolution 88-2002 dated 8 November 2002.
  10. To authorize AUSTROBANK OVERSEAS (PANAMÁ), S.A. to transfer 100% of its shares, currently owned by FINANCIERA UNION DEL SUR, S.A. to SOLANO HOLDINGS, INC. Resolution S.B. 96-2002 dated 20 November 2002.
  11. To authorize BCT BANK INTERNATIONAL, S.A. and BANCO BCT (PANAMÁ), S.A. to merge under a “Merger Agreement” whereby the former will absorb the latter, assuming all of its assets, liabilities and equity. Resolution 103-02 dated 13 December 2002.
  12. To authorize CORPORACIÓN BANEX, S.A. to acquire all shares of GRUPO BANCRECEN, S.A.’s subsidiaries, to wit: BANCO BANCRECEN, S.A., BANCRECEN VALORES, S.A. and BANCRECEN SEGUROS, S.A. Resolution S.B. 104-2002 dated 16 December 2002.
  13. To authorize Discount Bank and Union Bancaire Privee to merge under a “Merger Agreement”. Resolution 106-2002 dated 18 December 2002.
  14. To authorize BANCO DE AMÉRICA CENTRAL, S.A., a wholly-owned subsidiary of BAC INTERNATIONAL BANK, INC. to acquire 100% of the shares of FINANCIERA DELTA, S.A. in Nicaragua. Resolution S.B. 107-2002 dated 20 December 2002.