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Resolution_094-2015_en.pdf

The Superintendency of Banks in the Republic of Panama resolves to authorize a merger by absorption between St Georges Bank & Company, Inc. and Produbank (Panamá), S.A. The surviving company will be St Georges Bank & Company, Inc.

Key points:

St Georges Bank & Company, Inc. is authorized to engage in banking business in the Republic of Panama.
Produbank (Panamá), S.A. is also authorized to engage in banking business in the Republic of Panama.
A public notice was published for three consecutive business days regarding the proposed transaction and no objections were filed within 15 calendar days.
The request raises no objections after relevant analysis.
Pursuant to Article 16, Paragraph I, Subparagraph 6 of the Banking Law, the Superintendent is the approving authority for this request.

Published: · Source: SBP

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