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  2. Mergers and Acquisitions 1999
  3. Mergers and Acquisitions 1999

Mergers and Acquisitions 1999

  1. Transfer of the stock of BANCO EXTERIOR S.A. owned by BANCO EXTERIOR DE ESPAÑA S.A. to ARGENTARIA, CAJA POSTAL Y BANCO HIPOTECARIO S.A. Resolution S.B. 3-99 dated 3 February 1999.
  2. Transfer of all shares of the foreign banks TOWER CORPORATION LTD. and TOWERBANK (BAHAMAS) LIMITED to TOWERBANK INTERNATIONAL INC. Resolution S.B. 4-99 dated 8 February 1999.
  3. Transfer of 51% of the shares of BANCO ALEMÁN PLATINA, S.A., belonging to PLATINA FINANZ AG, to M.M. WARBURG & CO., through SOCIEDAD DE ADMINISTRACIÓN FINANCIERA Y FIDUCIARIA MANDATROPA S.A. Resolution S.B. 13-99 dated 30 March 1999.
  4. Transfer of 100% of the shares of BANCO GANADERO, S.A. - Panamá, owned by BANCO GANADERO, S.A. - Colombia to BANCO BILBAO VIZCAYA (PANAMÁ), S.A. Resolution S.B. 20-99 dated 12 May 1999.
  5. Merger abroad of the Banking Economic Group BANKBOSTON, N.A. (BANKBOSTON CORPORATION) with the Banking Economic Group FLEET FINANCIAL GROUP INC. Resolution S.B. 25-99 dated 10 June 1999.
  6. Transfer of 99.15% of the shares of BANCO CONFEDERADO DE AMERICA LATINA, S.A. (COLABANCO) owned by CONFEDERACIÓN LATINOAMERICANA DE COOPERATIVAS DE AHORRO Y CRÉDITO R.L (COLAC) to G.B. GROUP CORPORATION. Resolution S.B. 35-99 dated 24 June 1999.
  7. Acquisition abroad by ABN AMRO, S.A. and/or other corporations linked to the ABN AMRO group, of up to 100% of BANCO REAL, S.A.’s shares. Resolution S.B. 40-99 dated 16 July 1999.
  8. Merger abroad with and towards CITI MERGER SUB INC., now called CITICORP, subsidiary of TRAVELERS GROUP, INC., now called CITIGROUP. Resolution S.B. 45-99 dated 9 August 1999.
  9. Transfer of 99.15% of the shares of BANCO CONFEDERADO DE AMÉRICA LATINA, S.A. (COLABANCO), owned by GB CORPORATION to GLOBAL BANK CORPORATION. Resolution S.B. 50-99 dated 23 August 1999.
  10. Merger by absorption of INMOBILIARIA ISTMEÑA S.A. by BANCO GENERAL S.A. Resolution S.B. 57-99 dated 10 September 1999.
  11. Merger of BANCO BILBAO VIZCAYA (PANAMÁ) S.A. with BANCO GANADERO S.A. Resolution S.B. 58-99 dated 10 September 1999.
  12. Transfer of all assets, liabilities and operations of BANCO REAL, S.A. to the ABN AMRO BANK N.V. branch in Panama. Resolution S.B. 60-99 dated 29 September 1999.
  13. Transfer to BANK OF AMERICA N.A., San Antonio Texas, United States, of the assets, liabilities and operations in Panama of BANK OF AMERICA. Resolution S.B. 62-99 dated 14 October 1999.
  14. Transfer of all shares of BANCO COMERCIAL DE PANAMÁ, S.A. owned by MULTIEMPRESAS COMERCIALES S.A. to EMPRESA GENERAL DE INVERSIONES, S.A. and from the latter to BANCO GENERAL S.A. Resolution S.B. 63-99 dated 15 October 1999.
  15. Transfer of all shares of COMMERCIAL BANK (GRAND CAYMAN) LTD. from MULTIHOLDING CORPORATION to MULTIEMPRESAS COMERCIALES S.A. Resolution S.B. 64-99 dated 30 October 1999.
  16. Transfer of all shares of BANCO INTERNACIONAL DE PANAMÁ S.A. to BIPAN HOLDING CORP. Resolution S.B. 66-99 dated 17 October 1999.
  17. Transfer of all shares of COMMERCIAL BANK (GRAND CAYMAN) LTD owned by MULTIEMPRESAS COMERCIALES, S.A. to EMPRESA GENERAL DE INVERSIONES, S.A. and from the latter to BANCO GENERAL S.A. Resolution S.B. 69-99 dated 30 October 1999.
  18. Transfer of the assets, liabilities and operations of BANCO CONFEDERADO DE AMÉRICA LATINA to GLOBAL BANK CORPORATION. Resolution S.B. 71-99 dated 30 November 1999.