Transfers
1. Resolution SBP-0184-2017 of October 6, 2017 authorized the transfer to CORPORACIÓN BCT, S.A. of 100% of the shares of BALBOA BANK & TRUST, CORP., and its subsidiaries, in accordance with the terms and conditions established in the proposed transaction. This transfer results in a change of direct control of BALBOA BANK & TRUST, CORP., and indirect control of its subsidiaries.
2. Resolution SBP-0235-2017 of December 14, 2017, authorized the acquisition of 50% of the shares of MMG CAPITAL HOLDINGS, INC., owner of 100% of the shares of MMG BANK CORPORATION, in accordance with the terms established in the proposed transaction.
1. Resolution SBP-0184-2017 of October 6, 2017 authorized the transfer to CORPORACIÓN BCT, S.A. of 100% of the shares of BALBOA BANK & TRUST, CORP., and its subsidiaries, in accordance with the terms and conditions established in the proposed transaction. This transfer results in a change of direct control of BALBOA BANK & TRUST, CORP., and indirect control of its subsidiaries.
2. Resolution SBP-0235-2017 of December 14, 2017, authorized the acquisition of 50% of the shares of MMG CAPITAL HOLDINGS, INC., owner of 100% of the shares of MMG BANK CORPORATION, in accordance with the terms established in the proposed transaction.
Mergers
1. Resolution SBP-0148-2017 of August 9, 2017, authorized the merger by absorption between CANAL BANK S.A. and REFORESTADORA UNIVERSAL DE CHIRIQUÍ SOCIEDAD ANÓNIMA, resulting in CANAL BANK S.A. as the surviving company.
2. Resolution SBP-0243-2017 of December 29, 2017, authorized the merger by absorption between BAC INTERNATIONAL BANK, INC. and BAC LEASING, INC., resulting in BAC INTERNATIONAL BANK, INC. as the surviving company.
3. Resolution SBP-0244-2017 of December 29, 2017, authorized the merger by absorption between BAC INTERNATIONAL BANK, INC. and CREDOMATIC DE PANAMÁ, S.A., resulting in BAC INTERNATIONAL BANK, INC. as the surviving company.